The tablet is available now for pre-order on Google's Play Store, for $249 for the 8GB model and $299 for the 16GB. The 8GB model will include a $25 voucher for Google Play.
The Nexus 7 marks Google's first step into the tablet market, with a device aimed squarely at Amazon's Kindle Fire. Both are competing for the lower-end of the market with similar price points.
The Nexus 7 has a 1200x800 HD display and a front-facing camera, with up to nine hours of video playback or 300 hours of standby time. The tablet also boasts a 1.3GHz quad-core Nvidia Tegra 3 processor, along with an Nvidia GeForce 12-core GPU.
Google has emphasised the tablet's media consumption credentials, including ease-of-access to magazines, books, movies and TV shows downloaded from Google’s own app store, Google Play.
The tablet will ship with Google's next-gen Android mobile OS, 4.1 "Jelly Bean".
Google claims the new OS will deliver a faster and smoother user experience compared to Android 4.0 Ice Cream Sandwich and prior releases.
A dark grey cover is available to purchase for the Nexus 7, but will not retail in Australia.
The tablet is available now for pre-order on Google's Play Store, for $249 for the 8GB model and $299 for the 16GB. The 8GB model will include a $25 voucher for Google Play.