Very true. I have been looking for good fares ex SIN/BKK/HKG, and they don't seem to exist (yet).
It appears that the airlines regard Australia/Asia as one of the last "cash cows" around the world and charge accordingly. If traffic declines significantly over the next six months I think we may see some fare reductions though.
I have countered this issue to some extent by redeeming FF points for my flights in that region, and/or using LCC's.
For example, today I booked a return business class award BLR-FRA-LHR (LH) and an economy class award CGK-SYD (QF), plus a TR flight SIN-CGK (at at cost of AUD 27 all-in).
I'm not wasting my hard-earned cash on bloated Asian fares!