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Even given the recent downturn in our dollar, memory is quite cheap in Australia too.
Recent purchases:
2x750gig hard drives for $106 each
8 gigs of Ram (4x2 gig sticks) for $150 (Patriot)
8 gig USB stick for $37 - Sandisk so a good brand.
I remember the first hard drive I bought. It was 40 megabytes and cost about $1000.
But RAM has really gotten cheap over the last 12 months. At the start of 2007 I bought 2 gigs of memory (2x1 gig sticks) and it cost me about $300. It was good quality, but this was the cheapest I could find it. Recently I got 4 times as much memory for half that price.
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