There are actually a couple of GMT's on aussie ebay at the moment, second hand they tend to pop up at between $500-700, depending on age and included accessories, and whether you are fussed on a warranty or not. Also remember that the GMT was made for finding small shallow gold, so you have to use it in areas that best suit the machine.
There are always GMT's going at good prices in the US, most sell for around $500us plus shipping, I bought mine from the US on ebay.
Another option is the Fisher Goldbug 2, probably the most sensitive gold vlf you can buy, but you will have to get used to manually ground balancing vs the auto tracking on the GMT. As with the GMT, the goldbug2 is most suited to detecting around shafts and mullock heaps, shallow bedrock, or for quartz speccies.
The last option in the high frequency range of detectors is the Minelab Eureka, but pricing for these always seems to be at a premium, heading towards $1000.
Alternative options to consider if your also want to do some coin shooting or detecting for jewellery, include the Goldbug Pro, Teknetics G2, Garrett AT Gold and Minelab X-Terra 705.
Don't be fooled by how easy it seems to find gold from you tube clips, gold vlf's take a lot of experience and detecting time under your belt to be competent at finding the yellow stuff, and dealing with hot/cold rocks, and noise from ground mineralisation. If fact, I would go as far to say that detecting in parks & beaches with a vlf would actually be easier than scouring the goldfields these days, hence why most opt for a pulse induction detector on the goldfields.
So I am not trying to warn you off buying a gold vlf, I just wouldn't want to give the young fella false hopes of how easy it is to use one of these detectors, as they can be frustrating to use at times, and in some highly mineralised areas, completely unusable. If you can stretch the budget, possibly look into a second hand PI detector (garrett infinium, minelab SD series), or maybe a new Whites Sierra Pulse Pro, which is very lightweight and affordable.