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Ouch. If you think Europe got shafted, think of the poor Aussies.

"Firstly, as in Europe, there'll be no all-in-one bundle. You'll have to buy the game separately, and the game is going to retail for AUD$120 (USD$115). For instruments, you've got two options. All will be available individually (guitars are priced at AUD$110/USD$105, with drums and mics TBA) , but you'll also have the option of buying a "hardware kit" that includes one guitar, drums and one mic. That'll cost you AUD$290 (USD$277). So to buy the game and the hardware bundle (ie what you get in the $169 American bundle), you'll be paying AUD$400. That's USD$380."

http://kotaku.com/5030323/we-hope-this-australian-rock-band-pricing-isnt-real-yet-fear-it-is