Two Years of No Property Price Growth?

There is also another article suggesting that Perth house prices will not recover for another 2 years thanks to the interest rate rise yesterday as well as other factors. Sluggish population growth and the continuing issue of housing affordability means that there are not as many buyers as there are sellers.  With an increase in interest rates, perhaps the more sensible thing to do is set up a saving account and work on building up a good deposit for a purchase in the coming years. What do you think about the housing market?