Breville Maestria (red) is currently on sale at David Jones for $449 (down from $749.95)
According to the terms and conditions (shopfront within Australia), purchasing it will make you eligible for a $80 cash back from Nespresso.
This will bring the price down to $369.
Enjoy!
It looks like the only difference between this and the U is: a) the steam wand, b) aesthetics and c) $300