Nic Purdue says it's the right time to buy commercial property

There has never been a better time to buy commercial real estate than right now.

This year there are ideal purchasing conditions, with historically low levels of finance, great returns available from investment property, and plenty of great stock to buy around the market.

Activity in all areas of the market has been robust, particularly land sales for development and institutional-grade office buildings.

We have also seen lots of activity in industrial markets and with good reason – industrial land supply in suburbs such as Hume is quickly disappearing, which will hopefully see growth in rents and tighter yields.

There are also a number of structural changes happening that we see will have a long-term benefit for commercial real estate.

Transport upgrades and planning work in the major towns are great for property values.

Nic Purdue is Knight Frank ACT associate director of institutional sales.