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if you meant £ then you should get something for that much even at todays poor exchange rate ... if you meant $$ then you will still be able to get a decent unit or flat; when we came over a few years ago for aholiday we just booked a unit through remax (did it all by cc and over the phone) for 2 weeks - the unit was waaaay bigger than our house, even though it was described as 'a small family unit' :)
Aldinga's beaches are nice but can be problematic of working in city and travelling at night, it's just that little bit too far. Make sure you are looking at current photos too as it's become very built out (by our standards) in recent years.
Lived there for some years but wouldn't again due to my work situation. I'm about 15 mins closer to town and love it here!
Hope that helps.