While Microsoft's 1TB Xbox One console and new controller have been known about for a few weeks, Sony has also revealed an updated 1TB PS4, which also has some new features.

The PlayStation®4 Ultimate Player Edition brings all the est that PlayStation® has to offer, with massive space to download and master the best games. The timing has never been better, with PS4’s game offering continuing to expand in 2015 with cutting edge games like the highly anticipated Until Dawn™, Batman: Arkham Knight™, Metal Gear Solid V: The Phantom Pain, Destiny: The Taken King and God of War™III: Remastered all arriving soon.

Players can take advantage of double the storage capacity to download their favourite new release titles from the PlayStation®Store (PS Store). With PS Store anyone can make sure they get their hands on the biggest games as soon as they’re released by pre-­‐ordering; the auto-­‐download feature ensures that pre-­‐ordered games will automatically download to your PS4 so you can play the second they launch. With the PlayStation®4 Ultimate Player Edition, that means even more space to instantly download the best games available. Additionally the increased storage lets players take full advantage of the PlayStation®Plus Instant Game Collection™ with maximum space on the new system to download games.

The new system will be available to purchase in Australia from July 15 for a SRP of AUD$549.95.