Earlier than expected June rate rise to burden indebted home owners, Commonwealth Bank warns

Highly indebted real estate borrowers face more expensive mortgage repayments with the Reserve Bank's cash rate tipped to rise ahead of schedule in June. 

Commonwealth Bank economists predict a tightening cycle will begin after the federal election taking the RBA's cash rate to 1.25 percent by early 2023. 

ABC's Peter Ryan says the will move gently with $500 billion of fixed rate mortgages needing to refinance at a higher rate over the next two years.

I speak with CBA's head of Australian economics Gareth Aird