I think Sydney rules at the moment on a more underground level.

http://www.myspace.com/happygohatefuck
They don't have any good recordings yet but they are probably one of my favourite live bands. Kind of grindcore meets free jazz.

http://www.myspace.com/deadfarmers
Their demo recordings don't really do justice to them. Young dudes getting way better every show.

http://www.myspace.com/moonmilk
nice ambient duo.

http://www.myspace.com/glacialavatar

http://www.myspace.com/kiosk

http://www.myspace.com/castings
a great experimental 6 piece that noone gives a shit about here. They recently put out a CD on AMerican Tapes.

I'm pretty sure there aren't any good local bands around here.

These dudes are sweet:
http://www.myspace.com/theautumnproject

I'm sure there's more, I just can't think of any others at the moment.

wexford town is always a haven for musos and shit , most crap but here is some mates bands who are real good......

LAMINATE
http://www.myspace.com/laminatemusic
CHAPLIN
http://www.myspace.com/chaplinmusic
SWALLOWING SHOES
http://www.myspace.com/swallowingshoes
MOUGLI UGANDIS
http://www.myspace.com/mougliugandis
BRNTOWN WATER TASTES LIKE BLOOD
http://www.myspace.com/barntownwatertasteslikeblood

http://myspace.com/pigchickensuicide
Hell yes

Well, if fn is going to bump this thread I might as well post my favorite local band's page

www.myspace.com/carprocks

A band from my town called Carp. They sound to me like Fugazi and the Toadies had a baby.

www.myspace.com/myboyslashmygirl

www.myspace.com/thewiltingdigitalexperiment

Check it!!

hmm..

http://www.myspace.com/copycatmassacre [weird, mr. bungle meets power metal type band]
http://www.myspace.com/coathanger84 [weird synthy glitchy dance shit]
http://www.myspace.com/RUINHORSE [weird big black no wave pop that i was in!]
http://www.myspace.com/scissorshock [hey!]

http://www.myspace.com/aircraftattackingbritain

Sort of droney experimental soundscape type stuff. I've only seen them once because they don't seem to play out that much

www.myspace.com/gindrinker

Local Fall-esque band. They claim they don't sound like the Fall. They do. They are decent.

www.myspace.com/drunkgranny

Local riot girl-ish types. They're involved in putting on gigs and stuff as well and are super nice.

http://www.myspace.com/thevoiceslostinconfusion

From Port Talbot rather than Cardiff but on a local label. Shoegazey.

There are a bunch of others that might be known to people eg Los Campesinos (Indie darlings of the month), Victorian English Gentlemans Club (Artrocker cover stars) but they are mostly nonsense. And Future of the Left (ex-Mclusky)...I forgot them.