More like $400 and he means 50% above that, based off the Amain price of $599 possibly, though the other place still has them at $559 or something like that...
Australian is likely to benefit from the exchange rates, US is likely to suffer, but I still don't think it's expensive by any means, don't know what you would have to do to make something 'cheap' anymore, maybe Team Magic it out with wood screws and zero hop ups, though most of us know how well that goes...
And I paid more for my espresso machine earlier in the year than my new MTX5, reality check, plenty of stuff out there is more expensive than RC now...