Doesn't sound bad for both a (non HD) dash cam and reversing camera kit, with local warranty. One possible configuration would be to use the included dash cam as a rear facing camera and have your usual one (or higher specced one that you will no doubt soon buy, because ozbargain) up the front.
Similar to the last deal https://www.ozbargain.com.au/node/205224 , perhaps those who purchased it last time around can give some feedback?
Didn't think it was of any relevance, but just in case - the recommended rubbish price for this, is $249.00