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Save the deposit
or pay off the HECS?

Ahead runs both with your numbers, side by side, so you can see each path before you choose.

Should we throw $10k at my HECS or the house deposit?

Ahead

Here's how the two paths compare on your numbers. It's close:

  • At your current savings rate, $10k toward the deposit gets you to your deposit target about 7 months sooner.
  • $10k off HECS avoids an estimated $310 in indexation over the year.
  • Your take-home barely changes either way, because HECS repayments are based on your income, not your balance.

Deposit path

7 months sooner

vs ~$310 est. HECS indexation

What Ahead looked at

Your HECS balance and indexation
Income and compulsory repayments
Your deposit target and timeline
Savings rate across accounts

Worked example. Figures are illustrative estimates, built from sample data to show how Ahead models a scenario. In the app, every figure comes from your own data and assumptions you can edit. Ahead shows you information, not financial or tax advice, and it doesn't recommend products.

What you can count on

  • Your bank data is shared read-only under Australia's Consumer Data Right (CDR).
  • Ahead is a CDR Representative of Fiskil, an ACCC-accredited CDR principal.
  • Hosted in Australia (Sydney). Your data never leaves the country.
  • We can't touch your money.
  • Revoke your consent in two taps. Cancel your subscription in two taps.
  • No ads. No data sold to anyone.

Now ask it about your money.

Connect your bank read-only and model this against your real numbers in about 60 seconds.

Download on the App Store More scenarios