Binos,
I had exactly the same issue as you a couple of months ago.
I bought this gadget, Aver DVD Ez Maker. It's cheap but uses the computer to do the crunching so it helps if you have a fast computer. All my old VHS tapes are now on DVD and I'm happy with the result.
http://www.aver.com/products/dvm_AVe...aker_usb.shtml
Im sure all the other suggestions would do the job too but this was the cheapest thing I came across and its readily available in Australia. I paid around a hundred I think but I have since seen them at the markets for $75.
Cheers