Well, this is our list, put together from family (this is the tenth grandchild, and I'm the 7th child, so lots of first hand experience there) and websites. This was customised for us, ie we don't have a car, so there isn't a capsule etc on here. Also, a lot of the things we would need, we have already at the property we'll be moving to in a few years, so we have alternatives for now: portacot instead of crib/cot, changing pad instead of full table.

eBay is good for cheap clothing and second hand stuff, most things are ok second hand if you give them a good wash, or check out that they are structurally sound. My mum got us heaps of things at her local op shop.

So here goes. Things with a question mark behind them are things that are optional, but would make life easier. Bear in mind, this is just the basic essentials, and once you have everything, and you still have time and money left over, you'll find you might want to buy other stuff as well, or double up to save washing.

Crib/portacot
Blankets/sheets/plastic liner sheets (quantity depends on how often you want to wash)
Tetra snuggle bed ?
Changing pad
Cupboard/chest of drawers
Baby bath/ large tub
Bath thermometer ?
Towels (esp hooded) and wash clothes
36 cloth nappies (flannel for newborn, terry toweling for older baby)
Nappy ties/pins
2 nappy buckets
Nappy covers (pilchers)
Nappy bag
Baby sling ?
Pram
Stroller (or combo of above)
Clip on high chair (we went for this over an ordinary high chair, so Brandon could eat with us at the table straight away)
Burping rugs
Bunny rugs
6-8 stretch suits (wondersuits) 3-4 0000, 3-4 000
4 vests (sleeveless, legless all-in-ones)
2-3 pairs socks/ booties
2-3 cardigans

According to my family, you will get plenty of toys, so there's no need to buy these things yourself, especially if you are on a very tight budget as we are. I think we have everything bar 2 or 3 items off this list. Never underestimate the power of family. Alright, most of it's second hand, but to date we've spent $9, 8 of that on postage, for a bundle of clothing, (more than what's on the list, but the list is just essentials, and I'll be doing enough washing with nappies anyway) and $65 on a set of drawers that DP needed anyway, and will be sharing with Brandon.