Here are some of my favourite shops to find a fabric bargain
GJ's Discount Fabrics in Lygon Street Brunswick is a magnificent shop. The girls really know their stuff and you'd be hard pressed not to find something here that doesn't take your fancy.
Brunswick Fabrics in Sydney Road is also a treasure trove of bargains. You can pick up fabric at $2 a metre here. They had cashmere blend coating for a ridiculous price in great colours too. Good Stuff. Nearby is Hanh Fabrics, just a couple of shops along ...and Unique Fabrics, just across the road.
Rathdowne Remnants has been around for yonks and it's still terrific, although it has moved a few times. Still well worth a look.
...and my all time favourite is not a discount outlet at all, but it is beautiful and well worth a visit. The Cloth Shop in East Ivanhoe has a wonderful selection of gorgeous fabrics and the girls who work there are all sewers and really know their stuff. I often drop in on my way home from work just for a browse and some inspiration. They often have garments made up and displayed around the store. Gorgeous.
There's also the Remnant Warehouse at 10 Cato Street Prahran, (Ph:9510 1121) but I haven't been there for some time so I'm not sure how their stock is at the moment.
...and there's Darn Cheap Fabrics in Burgundy Street Heidelberg and Glen Huntly Road, Glen Huntly