Kogan has the LG G Watch on sale at the moment for just under half price. Not as good as the last deal purchasing from Google Play store directly (which IIRC was about $120 shipped). I've had the watch for a couple months now, and its definitely worth the money. You will need an Android smartphone to use it.
Tech Specs:
Chipset Qualcomm Snapdragon™ 400 processor
Display 1.65-inch LCD IPS (280 x 280)
Memory 4GB eMMC / 512MB RAM
Battery 400mAh
Operating System Android Wear
(compatible with smartphones running Android 4.3 and above)
Size 37.9 x 46.5 x 9.95mm
Weight 63g
Connectivity Bluetooth 4.0
Sensors 9-Axis (Gyro / Accelerometer / Compass)
Color Black Titan
Others Dust and Water Resistant (IP67)
"Lol, why would I want this cheap Android watch. When I can buy the Apple watch for $550 in a few weeks." - Shaun the iSheep.
Well, that's good for you Shaun the iSheep. This LG Watch can be customisable to have same watchface as your Apple Watch UI and has interchangeable bands. In fact, my LG G Watch has a black steel band (Pebble), cost me $20 as opposed to the $400 Apple wants for their steel bands.
tldr: buy this watch, read around and most importantly, don't be another sheep.