The US$ is relatively weak at the moment, so at just under $1300 / £990 the price makes more sense.
However, whilst it’s not a collector’s piece, the watch looks correct and if the look of the watch is something that appeals to you and fits your budget then it’s something you might consider.
Given the condition the price is still a little strong IMHO.
Factoring in the need for a service, if you’re interested in the watch you should aim for a price of nearer 1,500AUD /US$1000.