Property price in melbourne had went up 25.2% in 2007. For those who need a place to live, fair enough that they decide to purchase one now. For those who wouldn’t mind renting, there is no harm waiting for another year to see which direction melbourne property heading to. With the likelihood that interest rates will rise again, it is expected that the growth of the property in melbourne will slow down. If you do take note of the news, you would have heard how well perth property did last year. The significant growth is mainly due to the resource boom during then. This year Perth property growth is only 1.7%. Why in a hurry to get one at this point of time where the price for melbourne property is at the peak ? Of course there will always be a what if question. What if the price keeps on going up ? The only what if question I have in my mind would be .. What if the growth rate in Melbourne for this year is less then 2% ? Since putting money in saving account gives you higher return then that, 2% growth is negligible. I am not saying that putting money in saving account is a long term solution. What I am trying to say is now you would have more time to consider on how to go about getting one rather then making the decision to get one now. To commit your self in a property now, the biggest what if will be the interest rate. If property price is stagnant and the interest rate is going up, wouldn’t it be wise to see how is things like in half a year ti