Property Prices in Papua New Guinea

Index Info
Price to Income Ratio: 609.09
Mortgage as Percentage of Income: 9,714.60%
Loan Affordability Index: 0.01
Price to Rent Ratio - City Centre: 17.38
Price to Rent Ratio - Outside of Centre: 558.88
Gross Rental Yield (City Centre): 5.75%
Gross Rental Yield (Outside of Centre): 0.18%
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 2,411.37 K 500.00-6,368.22
Apartment (3 bedrooms) in City Centre 10,785.71 K 4,500.00-21,000.00
Apartment (3 bedrooms) Outside of Centre 3,333.33 K 2,000.00-6,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 2,822.55 K 999.99-4,645.11
Price per Square Feet to Buy Apartment Outside of Centre 24,464.26 K 3,716.09-55,741.36
Salaries And Financing
Average Monthly Net Salary (After Tax) 1,205.56 K
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 15.17 10.00-20.00

These data are based on 53 entries in the past 18 months from 10 different contributors.
Last update: December 2022
Our data for each country are based on all entries from all cities in that country.

Sources and References
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