Great fun Gimp, I had an old hard tail (front shocks only) and recently upgraded to a Giant Trance X2 which has front and rear shocks. What a difference- a much better ride with far more control and I could instantly ride better.
Not sure what your bike shops are like in dunedin. You would be best trying to get a 2011 bike (last seasons) at a heavily discounted price, failing that wait for the 2012 models to come on special just before the 2013 models come out.
Get decent components especially the rear derailleur, shifters and hubs/rims. Fox or Rock Shox are the way to go on most factory bikes, same as most things- you get what you pay for.
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