I recently got one of UNI-T's latest budget offerings, the UT890D from
this online seller.
It's a ~$US23, ~$AU32 multimeter. It does not autorange (except on capacitance and frequency), which
will put many people off, but otherwise it has outstanding specs, range and resolution for its price: 6000 counts, 0.01 uA DC current resolution, 1pF capacitance, up to 10MHz frequency (tested it to 20MHz with several V-pp).
It does not do temperature and I would not be crazy enough to trust it for high voltage/power stuff, but for a cheapie, a
dirt cheap cheapie, it's very impressive. Has true RMS and latched fast continuity tester. Probes are kind of crap, as is the wobbly stand, but for a $23 DMM it performs amazingly well.
Accuracy seems excellent from the limited testing I've done. I'll put it up against Agilent bench meters and handheld Flukes at work and report back (unless I get flamed for even mentioning it). I haven't looked inside it yet either. Seriously,
for the money I think this instrument is unbelievable. I grew up with a Dick Smith analog meter and later a Jaycar/Digitech DMM that were 10 to 100 times less capable and cost a lot more.