Property Prices in Papua New Guinea

Index Info
Price to Income Ratio: 398.11
Mortgage as Percentage of Income: 5,512.16%
Loan Affordability Index: 0.02
Price to Rent Ratio - City Centre: 15.54
Price to Rent Ratio - Outside of Centre: 542.18
Gross Rental Yield (City Centre): 6.43%
Gross Rental Yield (Outside of Centre): 0.18%
Rent Per Month
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Apartment (1 bedroom) in City Centre 12,829.09 K 6,500.00-20,604.52
Apartment (1 bedroom) Outside of Centre 2,000.00 K 1,000.00-3,000.00
Apartment (3 bedrooms) in City Centre 13,285.71 K 4,500.00-23,000.00
Apartment (3 bedrooms) Outside of Centre 3,000.00 K 1,500.00-4,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 3,269.32 K 464.51-6,503.16
Price per Square Feet to Buy Apartment Outside of Centre 20,330.97 K 1,999.98-55,741.36
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,595.24 K
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12.75 6.50-20.00

These data are based on 58 entries from 10 contributors over the past 18 months.
Last update: May 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References
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