You guys that have "burned" so thus far by localbitcoins, you must realize that although yes localbitcoins attracts scammers, the reputation system is there for a reason so use it! If you deal with reputable users you do not have much to worry about. Many weeks you can find the best rates in Oz from a select few reputable localbitcoins traders, and the customer service (with a good vendor) is the best you are going to find hands down, you also can complete your trades faster with the good traders there than any other method of buying/selling bitcoins possible.
Also most of the fraud that occurs is related to online banking security issues! It has nothing to do with Localbitcoins itself. Either only accept cash in your bank account or only deal with highly reputable vendors! We have never once been scammed yet and frequently deal with bank transfers, but it takes a lot of due diligence/work to avoid! Google GB4253 to see our profile or check out the link below, I am happy to answer any questions you may have and can provide tips on ensuring a successful expereince. If we cant help for you whatever reason we can refer you to other great traders. You will not be disappointed!
https://localbitcoins.com/accounts/profile/gb4253/