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Wow, that's the first time I've read ''wealth building'' and ''professional gambler'' in the same sentence!

That's what people said 12 months ago. Property prices in Melbourne have gone up 30% or more since then in some suburbs, possibly less in Sydney though. As for gloom, that was late last year, you must have missed all the press coverage back then. I feel that you're not quite...

So more rate rises and what do you expect to happen to property prices?

I don't follow the logic?? I would look at buying when rates are at their low point and prices are at their low point. Late last year was a good time in Melbourne. And why the talk of falling prices, they've already fallen, and they're going UP now?!