Sydney
Nudge, nudge. Wink, wink. Want to buy a cut-price Ferrari, Bentley, Porsche or Aston Martin? Then come to Sydney, where prestige car dealers are awash with some of the choicest marques.
While the government likes to boast Australia is well placed to sidestep the mayhem gripping the world's major economies, the first tremors are reaching Sydney. Consumer spending, waterfront real estate and fine dining are all suffering as the local stock exchange continues to slide, but now those ultimate tokens of capitalist machismo - luxury motor cars - are also falling victim to the meltdown.
One Sydney car dealership says that, on average, at least four people a week are walking into its showroom trying to offload unwanted Ferraris, Bentleys, Porches and other luxury vehicles in a bid to repay debts incurred by playing the stock market.
Nasser Elkordi, co-owner of Modena Prestige Cars, says most of the sellers are young male traders struggling to repay margin call debts - loans taken out in the expectation the bull market would last forever.
'I feel sorry for the sellers,' he says. 'They haggle, but that only lasts five minutes before I hand over a cheque. At the end of the day, they have to offload - they only have days to pay back the loan.'
While the country's major retailers are pinning their hopes on an economic revival sparked by this week's cut in Australian interest rates, others are not so sure Sydney - the nation's finance capital - is in recovery mode.