Amazingly I managed to pull it off, yay, it’s a pretty easy project and it takes less then an hour.
Cost is around $20-40 AUD depending where you source the items from (PVC connectors can be a bit expensive at hardware stores so go to a good plumbing store instead). Although oddly I couldn’t find any PVC cross connectors(the shop assistants looked at me funny when I asked for one(maybe rare in Tasmania?))

For anyone who is wanting to construct their own Fig Rig, there is a few different tutorials available on the web.
The guide I used Fig Rig another one Fig Riggery and one last Figged if i know.
And just for a random time lapse, me constructing it~ oh so exciting
[googlevideo]http://video.google.com/videoplay?docid=-1425732659394618790[/googlevideo]

For the people who don’t know what a Fig Rig does… It spreads out the center of gravity for the Camera along the rig so the camera doesn’t absorb all the shakes directly from your hand. Hence it gives much smoother movement. James says my science is rubbish which it probably is, his explanation on how it works… “basically it makes it so that you have to apply more force to rotate the camera, hence smaller ‘jitter’ or vibration in your hands causes less movement of the camera” and read http://en.wikipedia.org/wiki/Moment_of_inertia for further information

I’ll upload some photos of the Rig holding my camera as soon as I can get another camera to take photos with.