The publicity campaign that accompanied the film was successful in bringing Pearce to international attention in the film community.
Pearce's big break in the movie world came in 1994 when he was cast as a drag queen in Priscilla: Queen of the Desert.
Police said the death was not being treated as suspicious.
The musician, who has lived with his family in palatial seafront Regency mansion in Brighton for 15 years, told GQ magazine: 'Grief and illness and tiredness feed off each other in a kind of feeding frenzy.'Mostly we just find it too difficult to live here.
Everyone here has just been so great, and that's in a way half the problem.
In 1985, he started working in television when he was cast in the role of Mike Young in Neighbours.
Other actors to have appeared in the cast of Neighbours include Kylie Minogue, Jason Donovan, Holly Valance and Russell Crowe.
Other television appearances include Home and Away, another Australian soap opera and Snowy River: The Mc Gregor Saga, which also starred Hugh Jackman, who went on to star in the X-Men film series.