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Welcome to the Bunnings Workshop community @zool3. It's great to have you join us and many thanks for your question.
You can't really go wrong with AEG tools or Ryobi for that matter. I believe any of the tools you have selected are going to do a fine job for many projects around the home. What sort of projects do you wish to complete? Would it involve any fine joinery or very precise woodworking?
It's interesting to see you've selected corded equipment over the battery alternatives. Is there a reason behind this? There is absolutely nothing wrong with corded equipment, in some cases being the better option, but the trend has been towards battery units for the last several years and I'd be interested to know your thoughts. There's a quite longrunning discussion Tools - battery or corded? by @ProjectPete which you might find of interest. Personally, I have a mix of both and use each of them in different ways.
Here are some previous discussions about purchasing tools for woodworking:
For the "down the track" tools, I would buy them when you need them. Unless you are going to make full use of them now there are many more woodworking accessories which your budget would be better spent on. A good set of multisized clamps for one thing. You can never have too many clamps.
Let me mention some of our keen woodworkers @r23on, @Poppop, @Tara86 and @prettyliving to see if they'd like to contribute to the discussion.
Mitchell
Hi Mitchell,
Thanks for a detailed reply.
I'm hoping to building some furniture for the house - dining table, shelfs, side tables, drawers, garage storage etc so there would be some precise woodworking.
Battery vs Corded
Cost
I guess it just comes down to cost since I am just starting off. I went with cordless drills because that makes sense when going up ladders for curtain installation as an example. As for the saws, I figured I'll just be in my garage so the hazard isn't a problem as I plan to have the power cable hang from the ceiling vs on the floor. Cordless skin are quite expensive, and then getting a 4ah or 5ah battery + an extra charger it just adds on to the cost. Corded tools just gives me the reliability and more power. But it would be good to read other people's thought or to counter argue my thought. I'm quite new to this so it would be great to great more insight.
Brand diversification
Since I have roybi cordless, i would just stick to it, otherwise I need to get more batteries/charger for other brands. You have no limit to brand choice for corded tools
Clamps
Based on my project which size clamps should I be getting to start off with? And how many do I need of each.
Thanks again 
"Drill Press: Ryobi model"
This one?
I'd look for a pedestal drill with more grunt - especially if you consider using large hole saws in the future with your woodwork.
Does anyone know why Ryobi perforated the induction motor casing with hundreds of ventilation(?) slots in the casing?
Up close you can even see the copper coils and wiring inside....just seems cheap and wrong to me.
The AEG range would be more than suitable for what you have described.
That's exactly how I started off buying power tools. I would get what I could afford which was the corded options and they have served their purpose well. You might find in the future you wish to have a bit more freedom of movement and consider adding a few battery tools to your ensemble.
Clamp wise I'm a fan of Irwin Quick-grips as I've used them fairly extensively. I do have more budget-friendly clamps but they just don't clamp with the same degree of force as the Irwin variety. If I was to go out and buy them today I would get four Irwin 610mm Quick-Grip Medium Duty Bar Clamp and four Irwin 300mm Quick-Grip Mini Bar Clamp. That sounds like a bit to spend on clamps but they really are a necessity and should last a very long time. When I look at the money I have spent on tools to do one specific job the cost of those clamps which will do multiple projects isn't so bad.
Mitchell
