Gaming Build $1200

Solution
THERMAL PASTE - Not needed.
MB - Look toward a B150 board that had four memory slots for an upgrade option down the road.
MONITOR - Changed to an IPS panel.
KEYBOARD - Look toward a mechanical unit.

PCPartPicker part list / Price breakdown by merchant

CPU: Intel Core i5-6500 3.2GHz Quad-Core Processor ($267.00 @ Shopping Express)
Motherboard: Asus B150M-A Micro ATX LGA1151 Motherboard ($109.00 @ Shopping Express)
Memory: Crucial 8GB (2 x 4GB) DDR4-2133 Memory ($46.00 @ CPL Online)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($64.00 @ Shopping Express)
Video Card: EVGA GeForce GTX 1060 3GB 3GB SC GAMING Video Card...

Thulram

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GamerBoy's setup is good except for the PSU; it's form factor is SFX whilst your case is ATX. The Silverstone may come with an adapter bracket but there's no guarantee. There would be nothing worse that having to go out and buy another after seeing it doesn't fit.

Try the Seasonic G Series V2 550W instead, I don't have an exact price on that, at least $120 AUD I believe.

You may have to keep to the 3GB version of the GTX 1060 for budgetary reasons, I recommend the EVGA GTX 1060 3GB SC Gaming, a different version to the current EVGA one you have selected. According to UserBenchmark, the percentages are the best.
 

Thulram

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HOWEVER; if you can save up to $1400, try aiming for the Asus GTX 1060 6GB ROG STRIX. Try to future-proof parts of your setup.

Don't forget, if your PC isn't next to the router, you'll need a WI-FI card. If so, purchase the TP-LINK TL-WN881ND. It's $20.
 

Cheesee Crackers

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Im planning to get an Ethernet cable
 
THERMAL PASTE - Not needed.
MB - Look toward a B150 board that had four memory slots for an upgrade option down the road.
MONITOR - Changed to an IPS panel.
KEYBOARD - Look toward a mechanical unit.

PCPartPicker part list / Price breakdown by merchant

CPU: Intel Core i5-6500 3.2GHz Quad-Core Processor ($267.00 @ Shopping Express)
Motherboard: Asus B150M-A Micro ATX LGA1151 Motherboard ($109.00 @ Shopping Express)
Memory: Crucial 8GB (2 x 4GB) DDR4-2133 Memory ($46.00 @ CPL Online)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($64.00 @ Shopping Express)
Video Card: EVGA GeForce GTX 1060 3GB 3GB SC GAMING Video Card ($229.00 @ Shopping Express)
Case: Deepcool TESSERACT SW ATX Mid Tower Case ($49.00 @ Scorptec)
Power Supply: SeaSonic 550W 80+ Gold Certified ATX Power Supply ($96.00 @ CPL Online)
Optical Drive: LG GH24NSB0 DVD/CD Writer ($19.00 @ CPL Online)
Operating System: Microsoft Windows 10 Home OEM 64-bit ($129.00 @ IJK)
Monitor: LG 23MP55HQ-P 23.0" 60Hz Monitor ($175.00 @ CPL Online)
Keyboard: Thermaltake POSEIDON Z Wired Gaming Keyboard ($99.00 @ Centre Com)
Total: $1282.00
 
Solution

Cheesee Crackers

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What would be a good power supply ? I don't want to get it to expensive
http://au.pcpartpicker.com/user/MadCuzBad/saved/

 

Thulram

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Seconded, the SeaSonic PSU has enough safety features to almost remove any risk of damage to your system during power surges or spikes. The price is actually $106 but PCPartPicker does not have any in stock.