LogitechShop has G27 for $245

[XsQuiZiT]

Just in case any one is looking for one. Pretty awesome price!
http://www.logitechshop.com.au/logitech-g27-racing-wheel-pc-ps3-2.html

[ForgedV6]

Thanks for that. There were $299 at Dick Smith over xmas. I paid $349 for mine xmas 2010.

[FranZ]

Is there a new model coming out soon and hence why these are going cheap?

[millzy_88]

Shit, might have to get one of these while they are cheap.

[ALEX.]

Note: the G27 will only work with PS3 and PC. It won't work with XBOX... just remember that so that you don't go out and buy Forza 4 and a yearly online subscription for your XBOX and then realise your wheel doesn't work and that you'll have to buy a new, separate wheel+pedal combo just for the XBOX or an expensive separate wheel which can combine with the G27 pedals such as the $500+ Thrustmaster T500 RS.

Not that I made that mistake.
No...

[Butcher]

XCM F-1 converter. Logitech have had them cheap for a while, mrs got mine 2weeks before christmas at that price from their online store.
I think its more a case that most of the serious gamers already have their setups for gt5-f1 2012 etc so they are just moving stock.