Is This A Good $1650 AUD Gaming PC Build

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PCPartPicker part list / Price breakdown by merchant

CPU: Intel Core i5-6500 3.2GHz Quad-Core Processor ($275.00 @ Centre Com)
Motherboard: ASRock Fatal1ty H170 Performance ATX LGA1151 Motherboard ($158.99 @ Mwave Australia)
Memory: G.Skill Ripjaws V Series 16GB (2 x 8GB) DDR4-2133 Memory ($99.00 @ Newegg Australia)
Storage: Samsung 850 EVO-Series 250GB 2.5" Solid State Drive ($122.00 @ IJK)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($69.00 @ CPL Online)
Case: Phanteks Enthoo Pro M Acrylic ATX Mid Tower Case ($125.00 @ PCCaseGear)
Power Supply: SeaSonic G 550W 80+ Gold Certified Semi-Modular ATX Power Supply ($149.00 @ Mwave Australia)
Other: AMD Radeon RX 480 (x2) ($500.00)
Total: $1497.99
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2016-06-01 20:05 AEST+1000

No red-accented mATX motherboards seem to exist, so this seems to be the cheapest option.
 


"It fills the same price slot as the R9 380X" Correction -- the same price slot as the R9 270X which retails for $220-250 in Australia
 
The R7 360 (2 GB GDDR5) is the small form factor GPU (no pricing yet), but the R7 370 (up to 4 GB GDDR5) will cost $149 when purchased in bulk. The R9 380 (up to 4 GB GDDR5), which AMD said will drive 1440p gaming with FreeSync, will cost $199.
Source
The r9 270x was released when the AUD was close to parity, unlike now, and just to prove my point about the r9 380.