A recent analysis of iPhone 7 variants shows that the models shipped for Australia may perform worse than other US models - iPhone 7 Plus: A Tale of Two Personalities. It shows that the network reception of the A1778 and A1784 models is not very good for anything but strong signals.
This may affect buyers choosing between locally sourced machines and some gray imports, and whether these phones would be the best choice for remote or weak signal areas.
There's also a reported difference in data speeds between the 32GB and 128GB models, though this isn't region specific as far I can see. Best to just wait for the fully redesigned iPhone 8.