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The rise will be a win for self-funded retirees, however those with home loans will see a $45 monthly increase for an average $300,000 mortgage over 25 years.

Certified financial planner Bruce Brawn said the interest rate was unsustainably low and people needed to acknowledge that it would continue to increase.

“We still are at the lowest interest rate in decades,” he said.

“We can’t expect them to remain as low as it has been. Commonsense tells us that it won’t stay that low.”

Those that are negatively affected by the rise should undertake a “stress-test”, which Mr Brawn said would show if they could handle future rate increases.

“It’s not unreasonable to expect it’ll go up by two per cent. It would still be reasonable at 5.25 or 5.5 per cent,” he said.

There are also concerns about first home buyers that rushed to purchase properties to capitalise on monetary bonuses from the government.

Mr Brawn said the financial benefits were designed as an economic stimulus that had falsely kept the market price of property up.

He added that this was also a concern for young home buyers, who had never experienced harder times and may face the stress of increasing rates.

People have also approached Mr Brawn about their annual superannuation statements that were sent out after June 2009.

The recent economic recovery is not reflected in the statements that show a loss, but Mr Brawn said the economic situation was presently recovering.

“Super has picked up 20 per cent,” he said. “We have lost more than that, but that’s a big chunk back in a short amount of time.”