Wondering what you guys think.

My wife and I are tossing up whether to bite the bullet and just buy now and soak up the LMI or wait and continue to save our deposit until we reach 20% of our goal spend.

At this rate, it would be another year/18 months at best if everything went well to get there but everyone always says get in as soon as you can. Would we be making a mistake if we waited it out?