Finance experts are saying the cheap home-loan cycle may have come to an end as fixed-term interest rates have risen for the first time in three and a half years.
The big four banks lifted their fixed rate terms by 0.3 per cent in October.
Finance experts are predicting it will be hard to find a three-year fixed rate at less than 5 per cent by the end of the year.
The number of fixed-rate loans has risen by over five times since 2010 due to increasing demand from cheaper rates.
The size of fixed loans has also risen since 2010, from an average of $229,000 to $313,000 suggesting fixed-rate borrowers have been more willing to pay more for property.
The property market has surged in recent months with prices rising in most capital cities, raising fears of a possible property price bubble.