Not the latest M1 but still more than sufficient for most use cases, with circa $300 saving from RRP for those on a budget. The cheapest is under $1000!
Putting into context and as a comparison, these Pro 11 256GB is now around the same price as the current model iPad Air 256GB. The Air has the later A14 chip, the Pro has the 12z but with GPU and these extra features:
* Dual-lens camera with wide-angle and ultra wide-angle lens options
* LiDAR Scanner for enhanced AR capabilities
* Face ID
* Pro Motion
* 4 speakers (instead of 2)
* 6Gb RAM (instead of 4)
Also,
iPad Pro 12.9 Inch 128GB $1349.99
iPad Pro 12.9 Inch 256GB $1479.98
a good ipad air 4 64 gb deal is around 680 dollars for those thinking about it
https://www.ozbargain.com.au/node/611157