You were $300 above your budget. Here's what I recommend :
PCPartPicker part list:
http://au.pcpartpicker.com/p/1A2MI
Price breakdown by merchant: http://au.pcpartpicker.com/p/1A2MI/by_merchant/
Benchmarks: http://au.pcpartpicker.com/p/1A2MI/benchmarks/
CPU: Intel Core i5-3570K 3.4GHz Quad-Core Processor ($269.00 @ Mwave Australia)
CPU Cooler: Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler ($42.00 @ PLE Computers)
Motherboard: Asus P8Z77-V LK ATX LGA1155 Motherboard ($139.00 @ Scorptec)
Memory: G.Skill Ripjaws X Series 8GB (2 x 4GB) DDR3-1600 Memory ($84.41 @ Mwave Australia)
Storage: Samsung 840 EVO 120GB 2.5" Solid State Disk ($124.00 @ PLE Computers)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($75.00 @ Scorptec)
Video Card: MSI GeForce GTX 670 2GB Video Card ($359.00 @ Scorptec)
Case: Corsair 200R ATX Mid Tower Case ($79.00 @ Mwave Australia)
Power Supply: XFX 550W 80 PLUS Bronze Certified ATX12V / EPS12V Power Supply ($89.00 @ PLE Computers)
Optical Drive: LG GH24NS95 DVD/CD Writer ($25.00 @ PCCaseGear)
Operating System: Microsoft Windows 7 Home Premium SP1 (OEM) (64-bit) ($119.00 @ PCCaseGear)
Monitor: Asus VE247H 23.6" Monitor ($179.00 @ Mwave Australia)
Keyboard: SteelSeries Apex [RAW] Wired Gaming Keyboard ($83.15 @ Mwave Australia)
Speakers: Logitech LS21 7W 2.1ch Speakers ($28.99 @ Mwave Australia)
Total: $1695.55
(Prices include shipping, taxes, and discounts when available.)
(Generated by PCPartPicker 2013-09-05 09:38 EST+1000)