Property Prices in Papua New Guinea

Index
Price to Income Ratio:	129.03
Mortgage as Percentage of Income:	1,661.93%
Loan Affordability Index:	0.06
Price to Rent Ratio - City Centre:	47.39
Price to Rent Ratio - Outside of Centre:	75.55
Gross Rental Yield (City Centre):	2.11%
Gross Rental Yield (Outside of Centre):	1.32%

Rent Per Month	[ Edit ]	Range
Apartment (1 bedroom) in City Centre	4,750.00 K	1,500.00-10,000.00
Apartment (1 bedroom) Outside of Centre	1,720.00 K	800.00-4,000.00
Apartment (3 bedrooms) in City Centre	8,250.00 K	5,000.00-24,000.00
Apartment (3 bedrooms) Outside of Centre	3,900.00 K	2,500.00-7,000.00
Buy Apartment Price	[ Edit ]
Price per Square Feet to Buy Apartment in City Centre	4,490.28 K	4,180.60-4,645.11
Price per Square Feet to Buy Apartment Outside of Centre	2,941.91 K	1,858.05-3,716.09
Salaries And Financing	[ Edit ]
Average Monthly Net Salary (After Tax)	1,550.00 K
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	11.60	8.00-19.00

These data are based on 52 entries in the past 18 months from 9 different contributors.
Last update: November 2020
Our data for each country are based on all entries from all cities in that country.

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