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Lived here for 4 years. Overall, not a great experience.
If there are opportunities for work and education elsewhere, take it.

Pros:
Shepparton lake is probably the best attraction this place has to offer. Great to walk around and to get some exercise.
Telstra tower has a good view but loses it's appeal after a few visits.
Fryers St and Maude St mall has everything you might need.

Cons:
Crime rates. Hoons come out at night on the main streets. They frequent the north Maccas carpark.
Drug users loiter around Coles bus stops and walk around late at night.
Super-flat terrain makes for boring drives. Closest hill is probably Mount Major, 34kms away.
Car accident rates are sky high with blind intersections and unsafe driving. Often fatalities.
Less variety of high schools with the creation of the super school. I've heard only bad things about it.
(kids getting lost in the system as well as teachers being abused)
Useless council with unneccessary and wreckless spending on tourism. They're capitalising on their cow art which people
outside the GV think is strange and weird. SAM museum was a total waste of money. (You will get mixed reviews on the SAM museum)
Roads always have potholes and takes council ages to fix them.
The noise generated from massive trucks going through High St is a big issue with the Shepparton Bypass STILL waiting to be constructed.
Paid parking.