Original answer is not true.
This depends on which 'Rugby' we are talking about - Rugby League or Rugby Union?
Rugby League: Brisbane Broncos, they are the most famous and most popular sporting club in Australia, the most supported sporting club in Australia, the most successful over the past 20 years in Rugby League History and also the most known Rugby League club in the world.
Rugby Union: Brumbies and QLD Reds, both are the only teams to win the Super Rugby competition from Australia. The Queensland Reds always produce the largest audience for a Rugby match in Australia and are always re-knowned for their flair. The Brumbies are the most successful Super Rugby team in Australia.
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The Offcial Name is the Australian National Rugby Union Team, their nickname is the Wallabies.