$40 is mid priced? Shows how inflation is affecting Australia. Glad I now live in London.
$40 is mid-priced indeed. Went to the ol' institution Brekky Creek today; my wagyu rump was $36 (including sauce, roll, chips and veg). Of course we're not talking about a pub steak here. Handing over a price like that, that steak had better be cooked to perfection to my liking. Even more so if I have to hand over $50 or more that can feature at some high end steak places (which should also feature very good meat).
Expensive on the world stage? Probably. You could do a lot worse. Even in Europe.
One thing in Australia I miss that I get in London (or England in general) is that when you get served food in England, the establishment actually cares about giving you a quality product. Doesn't matter if it's a few quid for a pub meal or a few twenty quid for a nice lunch, they actually put in the effort and care about the product. Can't blame them; in a city of a few million people, if they don't try hard enough, they'll easily go out of business.
In Brisbane especially, a cafe can be set up as long as you have a fridge / display case, a sandwich press and a microwave. Oh, and a barista machine. Only reason why some of them stay in good business is because they are supported by business people prepared to pay a smaller amount for slightly inferior food that can be rolled out in a few seconds (or grabbed then go).
Of course, something that takes some getting used to in England is the 12.5% optional tipping at service restaurants. That is, it is added to the bill and only removed if you say so. And you don't tend to get a pleasant eye if you request to remove the tip. Probably not as bad as the US where you can get spat on, or lectured, but still awkward. (Note: this is not an argument against tipping in general)
Overall, in many places apart from Australia, if food prices are more expensive, in many cases it represents better value for money in terms of quality of food and service.
Enjoy it. Have you seen the hotel prices in London?
Yep. You can get some really good deals (i.e. value for money, not necessarily lower prices), but the major chain hotels in London are naturally rather high end-ish. Which is not really to anyone's surprise.
Look at Brisbane and Perth hotel rates. They can be a nightmare to get a good rate at times (let alone at short notice), and sometimes you really question whether you want to part with the rates offered for the room product you get in the end. And no, the mining traffic is not completely to blame for the "inflation".