It's an interesting price, specially when you consider that our labrador, who actually is a full pedigree who's grandfather was bred by the Queen (yes, QEII) cost us $1000.

We paid that for our dog as we were after a working dog - she comes from a line of customs / guide dogs and I was after a dog to train for search & rescue.

I would really be interested to see the breeder you've found, as essentially labradoodles are a cross-breed. They are still only a purebreed, and not a registered breed. Those kind of prices make me think of puppy farms with "designer breeds".

But if you have your heart set on one, and are after a cheaper alternative, then there are rescue groups which are rehoming dogs, and the RSPCA etc. The RSPCA can often advise you of rescue groups, or your local council.
Either way, good luck with getting a gorgeous puppy.