I got an ATAR of 96.35 and I missed out on physio by 0.65 should I wait for 2nd round ??
How do you know you missed out?
This years cut-offs haven't been determined yet (or at least haven't been released).
You are assuming, I think, that the mark won't change from last year and yet every year the cut-offs change and sometimes quite dramatically - both up and down.
Wait and see at this stage and possibly start looking at what else you can do with that ATAR at the uni you want to go to that has the same or similar first year subjects with the intention of transferring.