Dremel

Exactly the same one I have, and mine was around FOUR times that price. It's the best rotary tool I've ever had, and I would suggest to buy it if you can.
 
i dont think you could ever go wrong with a dremel, especially at that price! ive used an old corded one for the longest time, and it still works perfectly to this day. add to cart!
 
Too expensive I think. I bought mine without flexi shaft, but with a semirigid hard case, two years ago, for that price. I'm sure you could find it cheaper at any local store, anyway look for these two:

Dremel Hobby 300 Series Tool - Item #230732856363 (76+7.5 AU$)

Dremel 300 Series Bare Rotary Power Tool - Item #400017527303 (54 + 33 AU$)
 
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Thanks KaanE- I'll take a look now :)

EDIT:

the first one you suggested is actually a few dollars more than the one I picked out, and is for only the dremel
The second one is cheaper, although it doesn't come with any extra tools- just the dremel

I'm looking on amazon now like you suggested :)

EDIT #2:
Okay, looked on amazon and I found this> http://www.amazon.com/gp/product/B002BAHFCI/ref=ox_sc_act_title_1?ie=UTF8&m=ATVPDKIKX0DER
It'll cost me $86.38 AU shipped

EDIT #3: Perhaps it's best if I buy from an australian seller- don't want to risk getting an american powerplug
 
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You could also pick up a dremel tool and purchase the flex shaft separately!
I've seen the flex shafts (real dremel brand, not the knock-offs) on ebay for around $20
Dremel 42" Flex Shaft | eBay
Then you can get any of the corded dremels!
SUGGESTION... If you are purchasing off of ebay and getting a used one I would suggest getting a new set of motor brushes!
 
I have a Black and Decker I bout in 2006 that still serves me well and I didn't pay more than $30. It accepts Dremel bits as well. Just make sure whatever you get is corded so you always have power.
 
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