Vanguard Australian Shares Index Fund

It's one third Australian shares, 26% international shares hedged for $20. 6.9% aggregate bond index. 6.5% small companies index. 4.8% emerging markets and 3% fixed interest. That's not a high growth asset base. Long term returns will not beat those sub-indices by definition. You're just getting the index. And so if you're going to buy a single ETF this is probably a terrible one to buy because it doesn't have that other stuff in it.