Industrial property more affordable – great time to buy
Recent property market indicators suggest now is the ideal time to buy a factory or commercial premise.
With interest rates at their lowest levels in almost 50 years, property is more affordable than ever, and now is the best time to buy says Mathew Tiller, Research Analyst of Colliers International.
“Yields on industrial property have increased and interest rates have fallen. This means that the spread between the cost of purchasing a property and the return on investment has increased.”
According to Jackie Mitchell, a property investment specialist with finance broker Finlease, there are opportunities to be found in industrial property and commercial premises, but it is important to find the correct lender in order to secure the funds.
People who read this, also liked:
Housing market expected to recover
Government grant big incentive for first home buyers
Got something to say? Join the small business forum here at DynamicBusiness.com.au.
