Margaret River Sav Blanc is often as good as (if not better than) the NZ offering.
Particularly the Plantagenet Omrah lable. Mind you, in the absence of food I can't take more than one glass of this variety - it's just too much.
Massively over-rated would have to include:
- Penfolds Grange
- Penfolds RWT
Barossa Shiraz in general, really.