As you may have heard, the Xbox One has had a price drop in the US, going from $400US to $350. We've just confirmed with Microsoft Australia that a similar price drop won't be happening in Australia.
That doesn't mean that an Xbox One price drop won't happen at some stage in the console's lifespan -- there will be a price drop eventually -- but not right now.
I suppose it sort of makes sense. Local retailers like EB Games and JB Hi-Fi have been selling a number of Xbox One bundles that provide a fair amount of value. Still, it would have been nice for a small price drop to happen here in Australia as well.