I've been researching kit lenses for Micro Four Thirds cameras but extended my search to higher quality lenses and found the Panasonic 12-35mm f/2.8 lens is being advertised at JB Hi-Fi for $772 (Photo taken at North Ryde - Macquarie Shopping Centre NSW). Was able to negotiate just under $770 with a 58mm UV Kenko Filter. I believe this price is across all stores as I spoke to the city store and they confirmed this price too.
StaticIce shows lowest price is $839 (excl. $50 shipping)
eBay average price is around $1000
Other stores like Teds or Georges are $1350-$1400
Good price. I was considering the Olympus 12-40mm. Gonna have to rethink it.