Its back fellow ozbargain running enthusiasts.
This is a GPS Watch with Heart rate monitor, which has got [generally positive feedback] (http://www.coolrunning.com.au/forums/index.php?s=79bfcda662f…) from users in the past.
Its a great deal at $99
This model includes chest strap and bicycle handlebar mount.
Main features:
compass,
4 training modes,
GPS navigation routes,
calorie consumption,
30 m water resistant,
can export run or cycle data to popular apps.
Available in assorted coloures.
Wrist-based HRMs aren't that accurate; they bobble around more than chest straps, and they are further from the source of the electrical signals they're trying to measure. Plus, it looks like the Aldi one needs you to manually plug it in to a PC to upload the data if you want to track performance.
If you have a modern smartphone - iPhone 4s or better - you can get a Bluetooth Low Energy chest strap for ~$80. That uses your phone to log and display the data. If you then put a running app on your phone - Runkeeper, or iSmoothRun - it'll automatically log your heartrate along with speed/climb via GPS to a website, and give you audio feedback (so that you can set heart rate zones, and have it warn you if you go over/under, without having to look at a screen).