run by aussies, but ships from thailand, shipping is very reasonable
Soldering tools/components/general toolshttp://www.circuitspecialists.com
for anything soldering related they are very good and cheap. They also have cheap power supplies signal generators and the such. Good place to buy equipment for a home-lab. Shipping is brutally expensive outside of USA.
Misc consumer type of electronicshttp://www.dealextreme.com
They have tonnes of cheap chinese made knock-off gadgets; cell phones, bluetooth, USB-serial converters, cables, etc... It is kinda like bestbuy but without the brand-names you are used too.
Edit: Oops I did not see the "local", all my places are on the net.