Tesla has confirmed the reservation deposit required for Model 3 will be AU$1,500 (link). The reservation payment will be fully refundable if you decide to cancel your reservation. There are two ways to reserve your Model 3. The first is to visit your local Tesla Store when it opens on the unveil date, and will allow you to get a better spot in the queue. The second method is to make a reservation online via the Tesla website when the live unveil starts. When production for Model 3 beings in late 2017, deliveries will be first made in North America, starting on the West Coast, moving east. As Tesla continues to ramp up production, deliveries to the APAC region will begin. The live stream will commence Friday, 1 April 2016 at 1:30 PM AEST. I'll definitely be placing a reservation deposit!