There’s another Android Wear option in Australia with JB Hifi selling the Misfit Vapor in their stores for $297.
The Misfit Vapor is the companies first Android Wear watch and comes with a bunch of great specs. The Misfit Vapor is running Android Wear 2.0, and comes with a removable 20mm watch band which you can replace with one more suited to your tastes.
Powered by the Snapdragon Wear 2100 SoC and paired with 4GB of memory, the watch includes a 1.39″ fully round 450×450 resolution AMOLED display. The watch has a bunch of sensors built-in including an accelerometer, altimeter, heart rate sensor, but not GPS (it has connected GPS – so it uses your phones GPS). The watch has 50m water resistance, and a built-in mic but no speaker.