Hey mate, as I never fish dams or lakes I don't have much experiance so I will give you all I know on decent tackle in that price range.
Shimano Ax is a good reel for the price, depends on the size of the fish for the size of the reel.
Ugly Sticks are still good so I am going to give you the one I think would suit your conditions, Gold 6F6IN 3-5kg Ugly Stick.
More information on the Ugly Stick rod - https://store.bcf.com.au/ProductDetails.aspx?PLU=112618
More information on the Shimano reel - https://store.bcf.com.au/ProductDetails.aspx?PLU=108770
Tom,
Enjoy searching for that perfect outfit