Is it worth getting an M3 Macbook air now?

Hello guys! I have been looking to buy a Macbook, mainly for university and coding stuff.

The one which I like the most, is the M3 one with 16 gigs of RAM and 512gb SSD. That is the most I can afford to pay for a Macbook. It would be quite a big help for me now, because it is light to carry around, and not to mention, it would be a huge increase in battery life compared to my current laptop, which only has. 2-3 hours with one charge.

My question is, that for 1100 euro, which is the price for it currently in my country, does it worth the investment, or should I wait until the M4 MacBook Air is released a bit later this year?