Probably the three biggest expenses are the 2nd battery ($250 on eBay), the dual battery voltage controlled relay @ about $75 also on eBay and the double bed mattress ($150 or less for a half way decent one, try your local vinnies) in that order.
I converted my 1994 LH125 Commuter to a camper and its great, but basic.
I have a cupboard with draws in it that I picked up from an op shop for $30.00, I made my double bed frame and slats with AU$75.00 of timber and I have 2 awnings (1 on either side of the van) that cost $175.00 each from eBay.
All my cooking is done outside the van with a Webber Baby Q BBQ and a couple of single burner stoves.
I have a 52 litre fridge that cost me $469.00 from eBay but most backpackers that I have seen use esky's that cost well under $100. (In fact some of the cheapest I've seen have been at KMart and they start at about $30 or so)
I use 2 x 25 litre water drums that I got for about $25.00 each and for a shower I have a portable shower unit that I also got for about $20.00
All my linen and pillows were also purchased from KMart, pillows are about $10 a pair and the sheets and a doona were under $30 for the lot.
The two best places to shop (up here in Nth QLD at least are KMart and the local Vinnies stores)
eBay is going to be one of the best palces to shop for Hiace parts in Australia as well, it's where I get most everything I've ever needed. (Including the rebuilt 2.8Litre diesel I have in my van!)
Ohh yeah, I also got my van from eBay too
Good luck, let us know how you go and if your passing through Innisfail in Nth QLD, let me know