Mate, when your starting out any rod will do with the type of fishing your doing. Don't be going blowing your money until you get heaps more hook ups - trust me, u can buy new gear forever!!!
Regarding bites, if you can't feel it on your line, it's probably small fish anyway, u dont care about them right But if your like me, i want to feel everything, then get some braid, as it doesnt stretch and u can feel anything. Just dont over do it and buy a really expensive one.. because u wanna match it with ur jarvis walker.. just like u dont go buy a datsun and then put forumla one wheels on it - it just doesnt match..
What i recommend, is go out with someone else who has experience, that way, its more fun and u can pick up experience more than them. And if you dont catch anything, u got someone to share it with you.
But lastly, whatever you do, don't let your nil catches bring you down. Chin up! That 1m blue groper is callin your name.
Cheers mate