I'm in New Zealand and bought a kobo touch from Borders.com They ship to NZ and Australia for $129 plus $9 shipping ($US). I'd rather have bought locally but given the problems with the retailers locally it isn't likely to happen any time soon. With the cheap price I decided to just get one anyway (and kobo themselves may to come to the party should anything go wrong).
My new kobo touch arrived last Thursday, I love it. If you check out the kobo forum you will see that there are lots of Aussies and Kiwis with new kobo touches, or waiting for them to arrive. Given the state of your dollar at the moment it would be hard to find a better deal.
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