WS. Firstly, welcome to PW.
Secondly, I believe you can get a clean '05 - '06 GLi in this price bracket, and if you're lucky, you might get a latter model. But let's assume you get a '05 GLi in great condition, it will still be a better car than a '12 Cultus, for the following reasons:
1- Its a Toyota Vs. Suzuki
2- Sedan Vs. Hatch
3- Even older model Corollas are reliable as long as you find a good unit, so fewer hassles with mechanics
4- Its resale value will be almost constant within next 3-4 years
5- Drive comfort cannot be matched between Cultus and Corolla.
Hope this answers your query.