We recently went vacuum shopping, were looking for a bagless but in the end went with the bagged as we found they were more powerful especially for the money – Miele does really good vacuums and you will find a few in that price range. We’ve been so happy with with ours, got the Pet one for around $340 on sale at Good Guys. We actually had a bagless before it, a Dyson which was good but nowhere near as good as the Miele we just replaced it with. Every now and again there are discounts as Harvey Norman and JB that would put the put the Dyson barrel one into your price range which is the one we had and it was pretty good, lasted us a good 7 years and still working without problems.