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VAT in Australia is 10% (ref), but there are other things that effect the overall price (company’s obligation, regulations etc.)
The joke is we usually get outrageous markups on tech as we don’t have alternative avenues to source. We usually get gouged hard - I.e. the grey import steam decks have been often $300 more than what steam are launching at.
For reference, the 1TB Steamdeck OLED at Gamesmen is $450 AUD more than what Valve will be selling it at. Unless I’m mistaken, Gamesmen are the only retailer selling the Steamdeck online that isn’t a marketplace (such as Big W), so Gamesmen is probably the best place to but at the moment since they will be forced to take on any warranty claims unlike resellers on marketplaces which may able to just dodge that by closing up shop.