Property Prices in Papua New Guinea

Index Info
Price to Income Ratio: 450.40
Mortgage as Percentage of Income: 6,590.54%
Loan Affordability Index: 0.02
Price to Rent Ratio - City Centre: 14.91
Price to Rent Ratio - Outside of Centre: 447.44
Gross Rental Yield (City Centre): 6.71%
Gross Rental Yield (Outside of Centre): 0.22%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 13,079.54 K 6,500.00-20,107.25
Apartment (1 bedroom) Outside of Centre 3,289.77 K 1,000.00-7,238.61
Apartment (3 bedrooms) in City Centre 11,666.67 K 4,500.00-23,000.00
Apartment (3 bedrooms) Outside of Centre 3,300.00 K 1,500.00-10,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 3,054.81 K 999.99-5,109.62
Price per Square Feet to Buy Apartment Outside of Centre 23,892.23 K 1,999.98-55,741.36
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 1,610.00 K
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 13.67 6.50-20.00

These data are based on 54 entries in the past 18 months from 13 different contributors.
Last update: November 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
This page in other languages: