Seems like a decent price for an entry level Micro Four Thirds camera. Cheapest that I can find imported elsewhere is from DWI for $370.
NOTE: If you are not purchasing with a 28 Degrees Mastercard or Bankwest Platinum Card you will likely be charged a currency conversion fee by your bank (See Here for rates).
If you like this deal feel free to use my affiliate link: Panasonic Lumix DMC-GF3 14-42mm Kit
Do these come with the collapsible X lens, or just the old-style lens?