Property Prices in Papua New Guinea

Index
Price to Income Ratio:	253.84
Mortgage as Percentage of Income:	4,048.63%
Loan Affordability Index:	0.02
Price to Rent Ratio - City Centre:	15.21
Price to Rent Ratio - Outside of Centre:	120.80
Gross Rental Yield (City Centre):	6.57%
Gross Rental Yield (Outside of Centre):	0.83%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	9,666.67 K	2,000.00-20,000.00
Apartment (1 bedroom) Outside of Centre	2,589.91 K	500.00-6,439.46
Apartment (3 bedrooms) in City Centre	9,166.67 K	5,000.00-15,000.00
Apartment (3 bedrooms) Outside of Centre	4,166.67 K	2,500.00-7,000.00
Buy Apartment Price	Edit
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	6,038.65 K	464.51-13,935.34
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	888.89 K
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	15.17	12.50-20.00

These data are based on 52 entries in the past 18 months from 9 different contributors.
Last update: May 2022
Our data for each country are based on all entries from all cities in that country.

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