Property Prices in Papua New Guinea

Index
Price to Income Ratio:	243.52
Mortgage as Percentage of Income:	3,388.97%
Loan Affordability Index:	0.03
Price to Rent Ratio - City Centre:	44.16
Price to Rent Ratio - Outside of Centre:	138.56
Gross Rental Yield (City Centre):	2.26%
Gross Rental Yield (Outside of Centre):	0.72%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	5,333.33 K	2,000.00-10,000.00
Apartment (1 bedroom) Outside of Centre	1,820.00 K	800.00-4,000.00
Apartment (3 bedrooms) in City Centre	8,333.33 K	5,000.00-13,000.00
Apartment (3 bedrooms) Outside of Centre	4,100.00 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	5,690.26 K	1,858.05-13,935.34
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	1,125.00 K
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	12.83	8.50-19.00

These data are based on 56 entries in the past 18 months from 9 different contributors.
Last update: March 2021
Our data for each country are based on all entries from all cities in that country.

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