Remember when buying a computer meant a big spend? Nowadays, anyone can get a decent PC, and students are about to get a better deal as HP prices its Stream machines for Australia.

A replacement for the now dead “netbook” set of computers, HP’s Stream computer looks set to kickstart the world of budget computing for people who really need it: kids and students.

Powered by Intel processors, the Stream computers are HP’s first thwack at a new line of computers that will let people who don’t want to spend too much get a Windows machine for less than the cost of many new machines, providing flash storage, Windows 8, Microsoft Office, and WiFi without needing to fork out an arm and a leg for privilege.

Three computers will start this range up for HP, with two Stream laptops and one Stream tablet.

The tablet looks to be the most budget of the lot, providing an Intel-powered 8 inch tablet with a camera on both the front and back, a full copy of Windows 8, as well as a subscription to Microsoft Office 365 Personal for one year, with a retail price of $229. We’re checking to see what the full-specs are, but we suspect it’s an Intel Atom powering things with 32GB of storage and a microSD for room to move.

Interestingly, HP is also talking up a 7 inch model in America with a lower price point, but there’s nothing from HP Australia on that topic.

We’ll keep pestering them and let you know if we hear anything more, but given that both Stream tablets won’t be out until December, HP has some time to get back to us.