Area guide
Lae
Morobe
23 homes are for sale here, too few of them priced for us to publish a typical figure. Renting runs K2,302 a week.
Your money here
What a budget actually reaches in Lae
Drag the figure. The bars are the homes listed in Lae right now, grouped by what they ask.
Only 23 listed in Lae. That is below the 30 this page needs before it will draw a distribution, so there is nothing here to slide along.
Compared
The sangkats of Lae, side by side
Two counts cannot tell you which one to live in. Tap a heading to re-rank.
| Lae | 19 | — | — | 31 | K2,312 | — |
| Other | 4 | — | — | 10 | — | — |
A dash is not a zero. A median needs 30 priced listings behind it and a yield needs 30 on each side; 2 of these fall under that on at least one measure, so those figures are withheld rather than printed off a handful of homes.
Straight questions
The questions people ask about Lae
Answered from the listings themselves, and recomputed every morning.
How much is rent in Lae?
The typical asking rent is K2,302 a month, out of 41 rentals listed. The middle half ask between K1,129 and K3,000.
What kind of property is for sale in Lae?
Mostly apatmen, haus, block of units. Of the 23 homes for sale, 9 are listed as apatmen.
Living here
What Lae is actually like
Lae is the capital of Morobe Province, and the second largest city in Papua New Guinea.
It is situated on the northern coast of the Huon Gulf Peninsula, within close proximity to the Markham Delta. The city is considered as the industrial axis of Papua New Guinea, because it has more industrial capacity than both Port Moresby and Mount Hagen combined. The city of Lae retains an impressive internal road network, serving the logistics needs of both Madang Province and the Highlands Highway, which significantly stretches up to 700km.
The official population of Lae City, based on data compiled by the PNG National Statistical Office, continues past 148,934 to date, which is inclusive of its 11 suburbs: Bumayong, Bugandi, Chinatown, Dowsett, Eriku, Malahang, Taraka, Tent City, Voco Point, 3 Mile and 6 Mile.
The traditional custodians of the greater Lae area are the Butibam and Kamkumung villages, who happen to be the first inhabitants of the land that is currently Lae city. However, the battle for land ownership between the two villages has been ongoing since the colonial days.
Lae was built on the back of the Wau-Bulolo gold rush, with prospectors and miners using Lae airstrip as the transport hub to fly equipment to the fields, during the 1920s. The town grew as miners flew in from around the world with the Morobe Goldfield, at one point, hosting 700 expatriates and over 6000 local miners.
Overtime, Lae city developed into both a major cargo port and manufacturing base in PNG, with almost 20 foreign and locally-owned companies operating alongside each other.
In the years that followed, more established routes were developed and penetrated throughout much of Lae, allowing stories and histories to be told and retold as the city matured. It was not until 2014 when a mammoth plan for development was forecasted by the Asian Development Bank for the Lae wharf, named as the ‘Lae Port Development Project’, which amounted to a hefty sum of $390 million.
Upon project completion, the wharf had an additional 250 meters spread on top of an existing base of 600 meters, purported to ease shipping congestion.
Being the industrial axis of Papua New Guinea, Lae became an important point of entry to the Highlands region, resulting in a revitalised economy that stemmed from major sectors such as distribution, manufacturing, fisheries, mining and agriculture gaining strength.
Every word above is already written, and already on the site.
From here
On the market in Lae right now
Straight answers
What these figures are, and what we will not print
Where these figures come from, and where they stop.
Asking, not sold
Every price here is what a seller or landlord advertises on this site today. Cambodia publishes no register of transaction prices, so nobody can honestly print what homes actually sold for.
Why there is no price chart
Our historical figures are not measured consistently enough to compare one year with another, so we would rather show no trend line than a misleading one.
Small samples are withheld
A median needs 30 priced listings behind it, and a yield needs 30 on each side. Below that the figure is a dash. A dash is an admission; a number would be a claim.
Per square metre is computed
Price divided by floor area, every time, over the homes that state one. The per-square-metre figure agents type into the listing form is never used here.
These counts match the search
Every count is what the search results page returns for the same area, because it is the same query.
Written by people
The sections under "Living here" were researched, written and photographed for this site. Nothing on this page is generated prose.