So the rumble ended up being the 2 rear wheel bearings, after 20+ years of use I guess that's to be expected! Had the boys at Newcastle Gearbox and Diff change them out, cost me 280 bucks which I thought reasonable. (I also changed the front wheel bearings over the weekend myself as I felt like getting my hands dirty). I drove down to Sydney and back yesterday with the old man, and noticed a loud clunk when loading up the transmission and a very noticeable vibration when driving at around 50mph. Took back into Newy Gearbox and Diff this morning, they've confirmed its the rear uni joint playing up, and will change it this afternoon. Fingers crossed thats all she needs for now as I need to save up the dollars to cut more rust out!
Thanks again fellas