Property Prices in Port Moresby, Papua New Guinea

Index Info
Price to Income Ratio: 348.04
Mortgage as Percentage of Income: 4,992.60%
Loan Affordability Index: 0.02
Price to Rent Ratio - City Centre: 15.70
Price to Rent Ratio - Outside of Centre: 507.86
Gross Rental Yield (City Centre): 6.37%
Gross Rental Yield (Outside of Centre): 0.20%
Rent Per Month
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Apartment (1 bedroom) in City Centre 8,145.00 K 3,500.00-15,000.00
Apartment (1 bedroom) Outside of Centre 2,000.00 K 1,000.00-3,000.00
Apartment (3 bedrooms) in City Centre 12,833.33 K 4,500.00-23,000.00
Apartment (3 bedrooms) Outside of Centre 3,500.00 K 3,000.00-5,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 2,446.43 K 371.61-6,503.16
Price per Square Feet to Buy Apartment Outside of Centre 20,330.97 K 1,999.98-55,741.36
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,761.11 K
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 13.33 6.50-20.00

These data are based on 48 entries from 9 contributors over the past 18 months.
Last update: 26 May 2025

Sources and References
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