I have a fair bit of contact with Myer, and as a result of their recent sale (as in the entire company) they've marked down a lot of the old stock that hasn't had great sell through.

Yesterday they put a pile more items on sale:

25% off Accessory Company, Jag, Robyn Alexander, Conti Moda, Fun, Basque and Guess jewellery.
25% of belts
Save 20% when you spend $150 or more on watches
Save 20% on sunglasses over $75 Excludes Chanel, Tom Ford, Marc Jacobs
Save 20% on women's handbags and wallets over $85
Buy 2 pairs of full-priced women's shoes, 50% off the second

25% off lingerie and sleepwear by Bonds, Kissed, LK, Paul Frank, Playboy, Mitch and Dowd, Mossimo and Soho
25% off lingerie by Elle Macpherson, Lovable, Fine Lines, Bendon and Formfit
20% off a range of childrenswear
25% off lots of manchester, cook/drink/serving/dinnerware
30% off all full priced books

Buy 2 men's full-priced shirts, 50% off the second (same deal for men's shoes)
Buy two business shirts or ties, save 50% on the cheaper
Levis 502 and 506 jeans $75

This sale runs through till the 6th of August.

There are definitely some bargains to be found - they seem to be clearing out a lot of designer items.

I've bought a heap of stuff including some heavily reduced Kenneth Cole trousers! $50 down from the mid-$200 range.