A tale of three countries

Sunday morning, and it's my turn to sleep late but due to a 6:30 AM tantrum by my son I couldn't go back to sleep. So I sneaked into the office and now I'm enjoying some quiet time at the computer. Now, I didn't have any caffeine this morning so please take that into account.
We live a comfortable and good life here in Sydney, and still I find myself going over the same dilemmas every day it seems. Is this where I want to live in the long term? Is this where I want to raise my family?
I've lived in 3 countries and all three have a lot to offer. Let's start with where I am now, Australia.
I think that the thing that I like most about Australia is how 'normal' it is. It's a free country with an established democracy, a great economy, wonderful health care, good education. People spend a lot of time participating in, talking about, and watching sports. The people are relaxed and polite. On a personal level, I have a job that I actually enjoy (the first in my life!) with colleagues that I like working with. All in all, it's a great place to live.
So what's the problem? I guess it's more of a personal thing. Why are all my friends here Israeli? I can't seem to connect with Australians the way I do with Israelis. I have no problem with English, and I try to immerse myself in Aussie culture (I even tried to learn the rules of cricket, but I still only see a bunch of men standing around on the grass for 5 days, scratching themselves), but I still can't seem to connect on a deep, personal level.
In Israel I have friends I can call at any time and talk about anything with, even though I haven't been living there for 10 years. Here I just don't have that, and it's hard.
Now in Israel, there are numerous problems and a long list of things that make me cringe when I think of moving back. Terrorism doesn't scare me so much as such, but it's the secondary effects that are a daily problem: people are stressed and aggressive, they drive like maniacs, the economy has suffered immensely, there's not enough money or time to think about things like education or health care, because of the more immediate security issues.
On the other hand we have family there, and good friends, and that support network is missing from our lives now.
The third option is to move back to California. Life was good there for us, and there's a lot more money to be made than here. But that comes with a price: you have to work long and hard to get it. In Israel people also work an incredible amount of hours, but get a lot less in return. Australia certainly takes the lead when it comes to work-life balance.
The important question, and the reason why I am thinking about this so much in the last 2 years, is where do I want my son (and his future siblings) to grow up? I know that once he starts school, he won't remember any of the Hebrew he's learning now. I'm not religious, but it's hard for me to see him at the day-care centre end-of-year party, singing Christmas carols and getting a pressie from Santa Clause. I know that in Israel he would get the language and culture that I would rather have him know.
Oy.
There is no good answer. Having too many choices sure makes things difficult.