Many first home buyers assume they need a 20% deposit before purchasing a home. In reality, eligible Queensland buyers may be able to purchase with a much smaller deposit by using government incentives such as the First Home Owner Grant and the First Home Guarantee. In this guide, we'll explain how these schemes work and provide an example of how a buyer could potentially purchase a $750,000 property with approximately $12,000 in savings. How Much Deposit Do You Need to Buy a