Apple Watch Sport Pricing: $349 (38mm) to $399 (42mm)

[anthorumor]

This starts from AU$500. That's almost the price of an iPhone 5S here.

 

[poppy10]

Wait for the second gen. It was the case with iPhones, the iPad... the first gen is experimental and gets obsoleted fairly quickly by the next update which will have a much longer useful lifespan