1. I would say choose one and stick to it for awhile (a season at least), as it is easier to develop mastery that way. For example the sequence to kit up, basic procedures like inflating or dumping gas, comfort in the water, correcting repeated mistakes, etc. Unless you have a specific environment in mind or specific limitations to overcome, I think BM is the more straightforward one to start with.1. Should I pick one discipline and focus on that (i.e. SM and never do BM), or start BM and then progress to SM?
2. Is BM becoming rare/outdated (in Australia)?
3. If I choose BM to begin should I chose a regulator set that is good for both (i.e. Apeks DST W XTX50)?
2. BM is still very much alive as far as I can see from my ozzy friends instagrams, except for Mt Gambier. I wouldn't consider SM course availability an indication of what people actually dive.
3. Yes, a turret first stage with fifth port works equally well for both without compromises for either one. Apeks and Scubapro make a SM package that has almost everything you need out of the box for both SM and BM (fifth ports, hoses, SPGs, etc).