Property Prices in Port Moresby, Papua New Guinea

Index Info
Price to Income Ratio: 33.99
Mortgage as Percentage of Income: 453.92%
Loan Affordability Index: 0.22
Price to Rent Ratio - City Centre: 6.04
Price to Rent Ratio - Outside of Centre: 29.34
Gross Rental Yield (City Centre): 16.57%
Gross Rental Yield (Outside of Centre): 3.41%
Rent Per Month
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1 Bedroom Apartment in City Centre K7,216.67 3,500.00-11,300.00
1 Bedroom Apartment Outside of City Centre K2,500.00 2,000.00-6,000.00
3 Bedroom Apartment in City Centre K12,200.00 5,000.00-24,000.00
3 Bedroom Apartment Outside of City Centre K5,124.00 3,500.00-16,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre K858.64 371.61-1,739.80
Price per Square Feet to Buy Apartment Outside of Centre K1,579.49 278.71-3,251.58
Salaries And Financing
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Average Monthly Net Salary (After Tax) K1,930.00
Annual Mortgage Interest Rate (20-Year Fixed, in %) 12.17 6.50-20.00

These data are based on 44 entries from 9 contributors over the past 18 months.
Last update: 3 March 2026

Sources and References
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