I think all bike styles and brands are cool
But I really like ape hangers.
To the OP, I am not sure what its like "down under" but I think the idea of alot of surplus 70's and 80's bikes for free or next to nothing and people getting creative have kick-started this "style of bike"again here in the USA. It is also the opposite end of the spectrum from the OCC type of bike, something people now want to distance themselves from.
I have a CM450 Hondamatic that will eventually (hopefully) be turned into a bar hopping hardtailed little wannabe of those honda fours and yammie xs's that are all over, certainly it wouldn't be ideal for a restoration or is very appealing for anything past an evening running around town, but could be a blast for a quick jaunt to the next pit stop.
It's really comes down to "different strokes for different folks"...