We bought a cot and were originally putting the baby straight into it's own bedroom, however:

Hubby's Aunt and Nan have laybuyed us a crib/bassinette as a gift, so going on how I feel at the time, bubs will either sleep in it's own room in it, or in our room with us in it....and then move into the cot later on.

A great idea if you wanted to save money is to buy the cot, and then buy a 'tetra snuggle bed'....they are like a little coccoon bed the bubs can sleep in inside the cot....plus it can also be layed on the floor or in your bed as well. I think there are cheaper optionss available at BigW etc than the catelogue one.

Its another slightly cheaper option that buying a bassinette.