Probably, but I wouldn't settle for something that's just more powerful, Id want to spend the money to get higher-end current-gen hardware that will last me another 15 years, including upgrading to a good M.2 drive and better GPU. In AUD Id probably be spending at least $2k.
In fact I still have the birth certificate for my current PC, and I spent $1500 on it in 2012 dollars.