Property Prices in Papua New Guinea

Index Info
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.

Sources and References
This page in other languages:

DeutschImmobilienpreise in Papua-Neuguinea
PortuguêsPreços de Imóveis em Papua Nova Guiné
ItalianoPrezzi delle proprietà immobiliari in Papua Nuova Guinea
FrançaisPrix de l'immobilier en Papouasie-Nouvelle-Guinée
EspañolPrecios de Inmuebles en Papua Nueva Guinea