I'm with James on this, cheap, cheap, cheap.
Whether we like it or not most people get into homebrewing for cheap beer.
My thinking is that the cost of a beginner set-up with a beer kit should be below the price of 40 tinnies.
I just might be a skinflint, but at that price it can be justified and built on as you grow into the obsession.
Simple basic essentials, bucket, sypon, thermometer, sanatiser, beer kit, 1/2kg spraymalt!
Some decent literature and pointers to online information.
My opnion