Hey i'm looking at a nexus 7 currently: http://www.ebay.com.au/itm/ASUS-Google-Nexus-7-16GB-Wi-Fi-7i…
But i'm more looking at this tablet as it is $50 cheaper: http://www.dealsilove.com.au/deals/nextbook-premium-7-tablet…
What is a good cheap alternative?
If you really want to take a chance on a cheap Chinese jobbie, try Ainol,Ainol Novo 10 Hero 2 10.1inch 1280x800 IPS Quad Core Android 4.1 16GB WIFI Tablet PC US $179.99 for the 16gb version.
Actions ATM7029, 1.5GHz, Cortex A9 quad core+Android 4.1.1+1GB (DDR 3)/RAM+16GB Nand Flash/ROM+Aluminum shell+10.1 Inch+Capacitive Screen, IPS, (G+G techlogy)+Dual camera+10 points multi-touch + ALPS touch botton+ Flash 11.1+WIFI+external 3G+HDMI
http://www.aliexpress.com/store/product/Ainol-Novo-10-Hero-2…
I recommend some hotsale items to you like 8GB Sanei N83 RK3066 1.6GHz 8 Inch Capacitive , 8GB Sanei N83 A13 1.0GHz 8 Inch Capacitive Android 4.0.3 Tablet PC White .
Product link : http://www.eachgame.me/goods-17508.html
The tablet comes with protective foil on both the screen and the back of the housing to protect it against scratches and dirt. After pealing this of a nice, shiny and bright IPS display is revealed! Also the back of the tablet is made of a glossy white plastic and looks great!See for yourselve! you may check this product video http://www.youtube.com/watch?v=wg6rX-Yq_hY
Bing Lee is currently selling the 7" Nexus for $219 for the 16gb version.
You would be far better off with the Nexus rather than that other thing. I suspect the CPU is a single core 1ghz jobbie. Good luck if you buy it.
If you really want to take a chance on a cheap Chinese jobbie, try Ainol, thats what most people here go for.