Hey Mate, im having the same issues with my VZ SV6 and im also from adelaide, I have replaced the radiator and pump and again, the temp guage raced up to red, and sat there for a sec, and then "click" it comes back down to normal running temp once I pop the cap. At first thought it may have air locks, but now I have noticed a coolant residue running down the gearbox/Engine Join(check yours). First thought was head gasket, but Holden's believe it is the thermostat housing and gasket leaking. Getting fixed tomorrow. Will let you know if it fixes it. I would hope that after only 130,000kms it wouldn't have a blown gasket!!!!!!