Gucci on Collins Street in Melbourne starts their Winter 2008 sale on Thursday officially. I haven't been in, but I'm told that for the most part the sale is already happening with 30% off bags and much the same for other leather goods such as belts and wallets.
I'm hoping they have their menswear on sale, as there are a pair of pants I have my eye on!
actually they are pretty good - and when they go on sale the prices are fairly affordable - look hard enough and i'm sure you'd be able to find something