Property Prices in Papua New Guinea

Index Info
Price to Income Ratio: 681.50
Mortgage as Percentage of Income: 10,869.47%
Loan Affordability Index: 0.01
Price to Rent Ratio - City Centre: 14.97
Price to Rent Ratio - Outside of Centre: 546.30
Gross Rental Yield (City Centre): 6.68%
Gross Rental Yield (Outside of Centre): 0.18%
Rent Per Month
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Apartment (1 bedroom) in City Centre 12,335.96 K 3,000.00-20,000.00
Apartment (1 bedroom) Outside of Centre 2,490.94 K 500.00-6,845.66
Apartment (3 bedrooms) in City Centre 10,062.50 K 4,000.00-23,000.00
Apartment (3 bedrooms) Outside of Centre 3,357.14 K 2,000.00-6,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 2,822.55 K 999.99-4,645.11
Price per Square Feet to Buy Apartment Outside of Centre 24,464.26 K 3,716.09-55,741.36
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,077.47 K
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 15.17 10.00-20.00

These data are based on 55 entries in the past 18 months from 12 different contributors.
Last update: February 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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