Enjoy your stay here @ HFV !!
Onkyo S4505 is good but there are better options in your budget. You can consider these models too :
Wharfedale Moviestar MS-100 with Pioneer X823 or Yamaha V475
Boston Acoustics SoundWare XS with Pioneer X523
Or you can buy AVR and speakers separately. For that, you need to do a little research.