Property Prices in Papua New Guinea

Index Info
Price to Income Ratio: 473.09
Mortgage as Percentage of Income: 7,545.59%
Loan Affordability Index: 0.01
Price to Rent Ratio - City Centre: 14.45
Price to Rent Ratio - Outside of Centre: 431.33
Gross Rental Yield (City Centre): 6.92%
Gross Rental Yield (Outside of Centre): 0.23%
Rent Per Month
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Apartment (1 bedroom) in City Centre 9,666.67 K 2,000.00-20,000.00
Apartment (1 bedroom) Outside of Centre 2,404.58 K 500.00-6,327.47
Apartment (3 bedrooms) in City Centre 10,785.71 K 4,500.00-21,000.00
Apartment (3 bedrooms) Outside of Centre 3,333.33 K 2,000.00-6,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 2,346.21 K 999.99-4,645.11
Price per Square Feet to Buy Apartment Outside of Centre 18,848.19 K 1,999.98-55,741.36
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,205.56 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 10 different contributors.
Last update: December 2022
Our data for each country are based on all entries from all cities in that country.

Sources and References
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