We had a deal for this last week for $306 Return (https://www.ozbargain.com.au/node/413336), so this price seems incredible.
Sat 23/0218:05 Melbourne Tullamarine, AU023:15 Manila Ninoy Aquino Int.08h109
Sat 09/0306:00 Manila Ninoy Aquino Int.016:50 Melbourne Tullamarine, AU07h509
$215
From a Saturday to a Saturday, 2 weeks there. Direct flights. Get in quick. Only found specific dates but more might be available around there.
Bags, meals and seat selection are not included.
EDIT: Available at Cebu's website for dates from Feb and beyond.
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Wow looks great. Looking for cheap tickets here. Thanks!