I am in to Jigging myself, Well for start up what kind of set up do you want to use e.g overhead or spin?
I have 2 set up myself. I mean it's better to spend a bit more money on the good set up then buying a mid range set up then upgrade it later.
1.
rod: Jigging Master Custom Rod 400g
Reel: Accurate 665N With docking also T-bar handle
Line:70lb YGK
2.
Rod:Jigging Master Custom Rod 150g
Reel: Accurate 870N with docking also T-bar handle
Line: 20lb Powerpro
some advise for you is that overhead it's much easier to get the fish up and useless power when you fight the fish,
<400 rod you can find in the market it's the Tcurve Jig or even cheaper ones like Jig Wex , Monster Mesh they will do the trick as well.
But reel you will want something that has power and can hold a lots of line if you want to jig in the deep.
Around that price mark that you are talking about you have a few choice for spining reel
CATALINA 6500 - it's got 30kg or drag it's more then you need to jig for a fish.
Certate 3500HD - it's got heaps less line Capacity it's only good for jigging off sydney.
Saltiga overhead - it's a little higher in price.
Hope it helps