Thanks Dylan8, After all the talk about wheel size and ride height I've decided to install coilovers first so I can adjust things for when I get the new rims, and in the mean time I can drop her nicely over the stock rims.
I have just over half the 2K needed for the parts and the installation, been looking everywhere (ESCTuning, Pedders etc), and I think I'm going to go for the Pedders option, its $1950 for a MK4 installed with a wheel alignment and a 2 year warranty, that can be honored at any Pedders store Australia wide.
The daily
White 2001 Mk4 GTI
GIAC stage 1 - ECS stage 1 clutch & 14lbs Flywheel - 42Draft/Remus Exhaust - APR R1 dv - N75J - K&N
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