Sony SmartWatch 2 available from the Good Guys eBay store for ~$131 delivered. Good price for local stock and still a fairly good smart watch at about half the price of the new Android Wear watches. Sure it doesn't have all the whizbang new features but it delivers message notifications (email, Whatsapp, SMS), Facebook, has great battery life of 4 days and, in my opinion, looks better than the new SmartWatch 3.
Plus there's heaps of custom watchfaces available (https://www.ozbargain.com.au/node/157445) for it and it's well supported in the developer community.
EDIT: My review of the watch, for those who are interested, is here: http://www.sony.com.au/product/sw2/reviews
I'm thinking about going for the Samsung gear live smartwatch, $174 delivered on the good guys eBay.
Newer model, runs android wear and looks better. Google play store has the same model listed at $250!