Here's a question for you: what have the Nazi wartime test facility at Peenemunde and the Australian city of Perth got in common? Well, the first thing (and just about the only thing, truth be told) which springs to mind is that they are both next to large bodies of water. This is useful if you're going to test things which might go bang. Like V-2 rockets and - wait for it - flying cars:
According to our Oz photo interpretation bureau (Clinton Bird), the vehicle in question is at an altitude of three of four metres and doing about 80 knots. Which rules out a rocket-powered project, and we can see no evidence of the Wankel-powered turbofan outrigger engines favoured by the Moller Corporation:
Which leaves just one possible explantion: the Aussies have developed a gravity-busting hyperdrive, have bolted it into a second-hand Holden, and are seen here in the split second before their X-Motor made the transdimensional leap to hyper light speed.
So, the answer to the question "Where's my bloody flying car?" is very simply "Right here"*.
* .kmz file, naturally. For those of you still doing it by hand, try Honour Avenue, Point Walter, Perth.