The Aussie horses work hard but they are rested well when they need it. They are trained at centers and "yards" and many gethours of turn out time daily, while in training. Many G1 horses prep for important races 5 to 7 days out. The big final prep for the 2 mile Melbourne Cup is indeed a 12f event less than a week before.
In Germany, you cannot stand a stallion who EVER raced on Lasix. That is why Schirocco who won the BC a few years back didn't use it.
I tend to think that US horses are coddled too much also. Back in the day horses trained harder and stayed sounder.
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RIP Monroe.
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