We have a double rumor regarding the Nexus 5 today. The first one is that the device will be revealed the last week of October. This corresponds with previous rumors suggesting an end of this month launch. The rumor came from the usual "sources close to the matter," which is as dubious as it gets. This report also comes with intel that the phone will cost half the price of the iPhone 5S. This would put it in the £275 ($473 AUS, $446 US) range, which is a little more expensive than the previous Nexus 4. Of course, this rumored pricing is also not regionally adjusted, so it's possible the US sale price will be a bit lower, perhaps in the $350-400 range.
Ultimately, this rumor doesn't offer much that is new, although it is additional confirmation of some previous intel. Of course, we will continue to crank out stories which offer any hints at the launch of this new device.