I would wait, we've been going back and forth with the same thing.

There are huge benefits to a larger deposit. You pay less interest on your property in the long run, there's more room to move if your circumstances where to change or rates went up, you might not have to pay lenders mortgage insurance and so on.

I'm also inclined to believe prices are going to fall or at least stagnate of the next couple of years. We live in a popular suburb and there's been houses on the market for over 12months.