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<blockquote id="ember385" class="ember-view reader-text-block__blockquote"><img src="https://media.licdn.com/dms/image/v2/D5612AQF4I3ax98AoBA/article-cover_image-shrink_720_1280/B56ZzAu__ZJQAI-/0/1772760074281?e=1774483200&amp;v=beta&amp;t=rAfkzXDlgiCfpqYibFEYh3GCfHHBnTyvqVaf00yWLLU" alt="hausples.com.pg" /></blockquote>
<blockquote class="ember-view reader-text-block__blockquote">According to real estate analyst Cyril Jarnias, the term &ldquo;frontier market&rdquo; reflects a property landscape that is both promising and complex. Papua New Guinea&rsquo;s real estate sector is characterized by rapid urban growth, strong rental yields, and a persistent shortage of affordable housing. At the same time, the market is heavily influenced by major mining and gas developments, as well as a land tenure system that is predominantly customary.</blockquote>
In recent years, <a class="DgglOATYhCmWccaPlwcHGEisYksYZHAeVPhfZM " tabindex="0" href="http://hausples.com.pg/" target="_self" data-test-app-aware-link="">Hausples.com.pg</a> has observed an increase in property listings for sale, particularly in Port Moresby and Lae. Many of these listings include standalone houses, residential estates, and blocks of units, with prices ranging between K500,000 and K2,000,000 from 2025.
This trend reflects a shifting real estate market in Papua New Guinea, where more property owners are entering the market while potential buyers continue to face rising property prices and affordability challenges.
<h3 id="ember388" class="ember-view reader-text-block__heading-3">Insights from the 2025 Hausples Real Estate Survey</h3>
The 2025 Hausples Real Estate Survey highlights changing household trends and perceptions within the housing market. The survey revealed a notable increase in respondents living in family households, couples with children rising from 49% in 2024 to over 62% in 2025.
In addition, 88% of respondents believe that property prices have increased, reinforcing the widespread perception that housing affordability is becoming more challenging. Despite this, the survey also shows a growing aspiration toward home ownership, suggesting a shift in long-term housing goals for many Papua New Guineans.
<h3 id="ember391" class="ember-view reader-text-block__heading-3">The Economy and the Real Estate Market</h3>
Papua New Guinea&rsquo;s economy is largely driven by the resource sector, particularly Liquefied Natural Gas (LNG), mining projects, and agriculture. These industries continue to support economic growth and play a significant role in shaping the real estate market.
According to Cyril Jarnias, Papua New Guinea&rsquo;s GDP is projected to grow between 3% and 4.5% annually through 2028. Alongside this growth, increasing urbanization is driving demand for both affordable housing and secure rental properties, particularly in major urban centers such as Port Moresby and Lae.
<ul>
<li>PNG&rsquo;s Unique Land Tenure Framework</li>
</ul>

One of the defining characteristics of Papua New Guinea&rsquo;s real estate sector is its land tenure system. Approximately 97% of land in the country is held under customary ownership, while only 3% is state-owned.
In a recent discussion, Nou Vada, Principal of Nova Lawyers PNG, explained that land accessibility remains one of the country&rsquo;s most significant development challenges.
He notes that sustainable progress will require balanced policies that both protect customary land ownership and create clearer pathways for registration and development, allowing identified land to gradually transition into state lease land where appropriate.
<ul>
<li>Urbanization and Changing Household Preferences</li>
</ul>

Urban migration continues to shape the housing landscape in Papua New Guinea. As more people move into urban areas for employment and economic opportunities, demand for housing in major cities continues to increase.
Data from the Hausples Real Estate Survey shows that more than 60% of respondents now live in family units, highlighting the growing need for larger homes and family-friendly housing options. These trends provide important insights for developers, investors, and policymakers looking to address future housing needs.
<ul>
<li>The Rise of Digital Property Platforms</li>
</ul>

Since its establishment in 2013, <a class="DgglOATYhCmWccaPlwcHGEisYksYZHAeVPhfZM " tabindex="0" href="http://hausples.com.pg/" target="_self" data-test-app-aware-link="">Hausples.com.pg</a> has become one of Papua New Guinea&rsquo;s leading online real estate platforms. The website connects property seekers across the country&nbsp; and abroad with listings for homes, apartments, land, and commercial properties.
Hausples partners with real estate agents, developers, and property owners to showcase one of the most comprehensive property listing platforms in Papua New Guinea.
As digital adoption continues to grow, the platform is also introducing innovative tools such as 360&deg; virtual tours, interactive maps, neighborhood insights, and property trend analysis, helping buyers and renters make more informed decisions.
<ul>
<li>Structural Challenges in the Property Sector</li>
</ul>

Despite the increasing investment interest in Papua New Guinea, the real estate market still faces several structural challenges. Cyril Jarnias highlights factors such as limited infrastructure, restricted land access, high construction costs, security concerns, and reliance on the resource sector as ongoing barriers for developers and investors.
These structural issues continue to shape the pace and direction of property development across the country.
Papua New Guinea&rsquo;s real estate market presents both opportunities and challenges. While economic growth, urbanization, and digital innovation are creating new possibilities for the property sector, addressing land access, infrastructure development, and housing affordability will remain critical for the market&rsquo;s long-term sustainability.
For property buyers, investors, and developers, understanding these evolving trends will be key to navigating Papua New Guinea&rsquo;s unique and rapidly developing real estate landscape.
Disclaimer: At Hausples, we aim to provide helpful insights into the real estate market, but we encourage all readers to conduct their own research and seek professional advice before making any property investment decisions.

Inside Papua New Guinea’s Evolving Real Estate Landscape

Exciting Insights from the 9th Annual PNG Residential Real Estate Survey by Hausples!
We’re thrilled to present the latest findings from our 9th annual Residential Real Estate Survey  the most comprehensive look yet at the housing market in Papua New Guinea. This year, over 1,500 respondents participated in the survey. We refined our marketing strategy prioritizing a targeted audience which has resulted in the smaller number of participants. 
This year's survey digs deep into rental and sales trends across PNG, reveals how people are budgeting and financing their homes, uncovers where they’re getting their property information, and explores what changes they’d like to see in the market. From landlords to tenants, first-time buyers to seasoned investors, we’ve heard from voices across the spectrum.
Interestingly, even with the boost in responses, the results have remained consistent with previous years giving us even more confidence in the accuracy and reliability of the data. A big thanks to everyone who took the time to share their views. Your input helps drive the conversation around housing in PNG and shapes the future of the industry.
We invite real estate professionals, policymakers, and property enthusiasts alike to explore this report. Whether you’re planning your next move or keeping an eye on market trends, there’s something in here for you.
 
<table border="1" style="border-collapse: collapse; width: 400px; height: 30px; background-color: #f70717; border-color: #f70717; margin-left: auto; margin-right: auto;">
<tbody>
<tr style="height: 22.3906px;">
<td style="width: 100%; height: 22.3906px; text-align: center; vertical-align: middle;"><a href="https://realestatekh.lpages.co/hausples-real-estate-survey-download-2025/" style="color: #ffffff;" title="SURVEY REPORT">DOWNLOAD THE 2025 SURVEY REPORT </a></td>
</tr>
</tbody>
</table>

2025 PNG Residential Real Estate Survey

Australia's real estate market is dynamic and influenced by numerous factors, making it crucial to understand before investing. Major cities have high property prices, posing affordability challenges, with diverse property types and significant investor activity shaped by government policies and global economic conditions.
Buying property in Australia is a substantial investment requiring thorough understanding of the process. Rules for non-residents are complex and subject to frequent changes, with penalties for rule breaches. Non-residents generally need approval from the <a class="article-editor-content__link article-editor-content__link" href="https://foreigninvestment.gov.au/" rel="noopener noreferrer">Foreign Investment Review Board</a> (FIRB) to purchase property, applied for through FIRB’s Online Services portal. Each property requires a separate application with fees varying based on property value, typically ranging from thousands to tens of thousands of dollars.
<p aria-label="Write here. You can also include @mentions." class="article-editor-content__paragraph is-empty article-editor-content__has-focus" data-placeholder="Write here. You can also include @mentions."><img alt="" height="402" src="https://images.hausples.com.pg/blog/5.png" width="714"/>
Since 2015, non-residents can buy new residential property, established dwellings for redevelopment, or vacant land for development. A new dwelling is defined as newly built or under construction, never previously sold as a residence, and not lived in for more than 12 months if part of a development.
The Australian Taxation Office (ATO) imposes an annual vacancy charge if non-resident-owned residential property remains unoccupied for over six months yearly. Non-residents must declare income by filing an Australian tax return and may incur capital gains tax upon property sale if its value appreciates.
Redeveloping established dwellings must increase Australia's housing stock, with conditions including completing construction within four years of approval and providing proof of completion within 30 days. Vacant land with a previous dwelling is not considered vacant.
<p aria-label="Write here. You can also include @mentions." class="article-editor-content__paragraph is-empty article-editor-content__has-focus" data-placeholder="Write here. You can also include @mentions."><img alt="" height="396" src="https://images.hausples.com.pg/blog/7_BWwOm2I.png" width="704"/>
Temporary residents, holding visas allowing over 12 months' continuous stay or awaiting permanent visa decisions, can invest in new properties with FIRB approval.Understanding these regulations and processes is essential for navigating the Australian property market successfully and compliantly.
In recent years, Australian banks have become less accommodating to non-resident loan applicants, leading to a rise in non-bank lending among foreigners. Some banks have completely stopped offering mortgages to non-residents, while others have reduced their maximum loan-to-value ratio (LVR) for foreign borrowers to around 60%.
The LVR is a measure used by lenders to assess borrower risk. A higher LVR indicates greater risk for the lender.For instance, if you want to purchase an $800,000 property and have saved a $160,000 deposit, you would need to borrow $640,000.
This results in an LVR of 80%.Under a bank with a maximum LVR of 60% for foreigners, you would need a $320,000 deposit for the same $800,000 property.
<p aria-label="Write here. You can also include @mentions." class="article-editor-content__paragraph is-empty article-editor-content__has-focus" data-placeholder="Write here. You can also include @mentions."><img alt="" height="403" src="https://images.hausples.com.pg/blog/6.png" width="717"/>
Non-residents must obtain FIRB approval before acquiring any Australian residential property. According to FIRB rules, acquiring an interest can include:
<ul class="article-editor-content__bullet-list">
<li class="article-editor-content__list-item">
Signing an unconditional contract to purchase a dwelling or share in one.
</li>
<li class="article-editor-content__list-item">
Holding a security interest via a real property mortgage, even if the possessor is an Australian citizen or permanent resident.
</li>
<li class="article-editor-content__list-item">
Owning an option granting the right to buy a property at a predetermined price in the future.
</li>
<li class="article-editor-content__list-item">
Entering a leasehold agreement likely to exceed five years at acquisition.
</li>
<li class="article-editor-content__list-item">
Increasing ownership share in a dwelling already partially owned by the foreign person.
</li>
</ul>
If FIRB approval is granted and the property sale doesn't proceed, the potential buyer must inform FIRB about the situation. As a foreign property buyer in Australia, follow these steps for a smooth and compliant process:
Engage Professionals: Hire a solicitor/conveyancer and accountant to handle legal paperwork and tax implications.
Organize Finance: Prepare a minimum 10% deposit and seek mortgage pre-approval.
Meet FIRB Criteria: Ensure you qualify as a non-resident investor and budget for FIRB application fees.
Property Search: Look for suitable properties, keeping in mind restrictions on certain types.
Make an Offer: Negotiate the purchase price based on recent local sales data.
Include FIRB Clause: Ensure the contract includes a clause making the sale subject to FIRB approval.
Apply to FIRB: Submit your application promptly to avoid fines for purchasing without approval.
Finalize Mortgage: Complete mortgage approval processes.
Exchange Contracts: Sign and pay your deposit, subject to FIRB approval.
Settlement: Upon receiving FIRB approval, finalize ownership transfer and settlement details through your conveyancer.
Following these steps helps ensure compliance and a smooth acquisition process when buying property in Australia as a non-resident.

Your quick guide to purchasing property in Australia

Taking out a mortgage is an important financial decision anyone will ever make. Understanding the processes involved and what you are signing up for is vital. 
What is a mortgage?
<a href="https://www.rocketmortgage.com/learn/what-is-a-mortgage">A mortgage is a long-term loan</a> that gives borrowers the money they need to buy or refinance a home. <a href="https://www.bankrate.com/mortgages/what-is-mortgage/">Mortgages offer various terms and the repayment time usually ranges from eight to 30 years.</a> Repayments are done in monthly installments and include both interest and principal payments. As a borrower, when you sign an agreement with a lender, you give the lender the right to resell your property if you do not keep up on your repayments. 
How does a mortgage work?
When you get a mortgage, you have a repayment term to pay off the total loan amount. Typically, most borrowers pay in monthly installments which include interest and principal. Mortgages depend on market conditions which means if they drop, borrowers might refinance replacing their existing loan with a new one. 
In PNG, most people rely on down payments and their eligibility for a loan to buy property. Most people use their housing advances from their superannuation savings as a down payment and borrow the remaining balance. 
 
<img alt="" height="422" src="https://images.hausples.com.pg/blog/7.png" width="634"/>
Types of mortgages
There are different types of mortgages and they come in various forms, according to <a href="https://www.investopedia.com/terms/m/mortgage.asp">Investopedia</a>.  It is important to understand what works for you.
Fixed-rate mortgage
A fixed-rate mortgage is where the mortgage interest is the same throughout the loan term. This kind of mortgage usually attracts long-term repayment loans. In this kind of loan, you get a fixed monthly payment amount including loan balance, interest rate, and the time it would take to complete the loan. 
Adjustable rate mortgages
This type of mortgage is affected by interest rate fluctuations depending on market conditions. Adjustable-rate mortgages (ARMs) offer fixed interest rates for a period before transitioning to annual adjustments. This flexibility, however, poses inherent risks. Uncertainty regarding future monthly payments complicates long-term financial planning. This uncertainty can strain affordability, emphasizing the high-risk nature of ARMs.
Home equity loans
Home equity loans provide homeowners with access to funds based on the value of their property, offering flexibility and lower interest rates, unlike other types of loans. Equity is the difference between the current market value of the home and the amount the homeowner still owes on the mortgage. However, there is also the risk of losing the property if the borrower defaults on payments. A home equity loan is only necessary to cover outstanding expenses. 
Interest-Only loans
This is a mortgage loan where the borrower only pays the interest for a specific period. After this time, the mortgage loan was adjusted back into regular payments. Although it might offer borrowers some relief, they should be prepared for the potential of higher repayments.
Balloon loans
A<a href="https://www.investopedia.com/terms/b/balloon-payment.asp"> balloon loan</a> is a type of loan that is not fully paid off over its term. Balloon loans involve borrowers making small monthly payments over a defined period, often with initial payments covering only interest, culminating in a substantial "balloon" payment at the term's conclusion. This final payment is typically larger than previous payments and is intended to pay off the remaining principal. Balloon loans are commonly associated with mortgages.These loans are suitable for short-term financing needs or situations where borrowers anticipate having substantial funds available at the end of the loan term to make the balloon payment. However, they carry significant risk because borrowers must be prepared to either make the large final payment or refinance the loan at that time. If funds are unavailable or if market conditions shift unfavorably, borrowers may encounter financial strain or default..
Refinance loans
Refinance loans give you the option to get a second loan to pay off your existing loan. However, this is an expensive exercise but the process helps you to pay off your existing loan. In other words, these two loans cannot be alike. For example, you cannot obtain a new fixed-rate loan to settle an existing fixed-rate loan. Instead, the new loan can be a fixed-rate option to pay off your current adjustable-rate mortgage.
 
<img alt="" height="442" src="https://images.hausples.com.pg/blog/fngfnfnfnfnf.png" width="663"/>
Getting a mortgage loan
<a href="https://www.forbes.com/advisor/mortgages/how-to-get-a-mortgage/">Eligibility can vary</a> with the mortgage type but most lenders look at your credit rating, income, employment and age, and the property’s value.   Based on your income and credit rating history, lenders verify your repayment capacity before approving any loan. This underscores the importance of preparing the required documents for lender review. Lenders assess your existing debts to ensure your income can support all your loans, including the new application. They determine your debt-to-income ratio, revealing what portion of your monthly income goes toward loan payments. According to Forbes, your <a href="https://www.forbes.com/advisor/mortgages/how-to-get-a-mortgage/">debt to income ratio</a> is the amount you owe in monthly debt payment compared to your income. Borrowing less reduces the lender's risk, as they can swiftly recover their investment by selling the property. A larger down payment also deepens your commitment to the property and motivates you to avoid foreclosure. <img alt="" height="442" src="https://images.hausples.com.pg/blog/9.png" width="663"/> 
The lender will tell you how much you can borrow but how much you want to get is a personal decision. Ultimately, this is a personal decision, placing you in the role of decision-maker regarding how much you wish to borrow, the type of loan you prefer, and the size of the down payment you can manage.
These factors play a crucial role in determining your monthly payments and the total interest you'll pay over the loan's term. Opting for the maximum loan amount can be risky, especially if you're seeking flexibility in your monthly payments.
Making a decision
To find what suits your needs, you need to assess your financial situation. Consider your income, credit history, assets, and savings, and research different mortgage options and lenders. The bottom line is to know what is right for you.

Mortgages and how they work

<h5>Hausples.com.pg is excited to launch the first "PNG Handbook". The most comprehensive guide for travellers and frequent visitors to Papua New Guinea.</h5>
<h5>The guide provides a general overview of PNG with in-depth information on major topics such as:</h5>
<ul class="ac-designer-copy">
<li class="ac-designer-copy">Properties and accomodation in PNG</li>
<li class="ac-designer-copy">Lifestyle and cost of living</li>
<li class="ac-designer-copy">Things to do in PNG</li>
<li class="ac-designer-copy">Shopping centres</li>
<li class="ac-designer-copy">Tourism attractions</li>
<li class="ac-designer-copy">Locations overview accompanied by video guides!</li>
<li class="ac-designer-copy">Visas and permits</li>
<li class="ac-designer-copy">Schools information</li>
<li class="ac-designer-copy">Gyms and fitness centres</li>
<li class="ac-designer-copy">Clubs, nightlife and bars</li>
<li class="ac-designer-copy">Embassies</li>
<li class="ac-designer-copy">Hotels and restaurants</li>
</ul>
 The guide has been distributed to major locations like embassies, hotels, restaurants and many many more and is available for download (free) on the Hausples website.
<a href="https://realestatekh.lpages.co/hausples-handbook-2024/"><button style="background: #ff0000; border-color: #ff0000; border-radius: 5px; color: #ffffff; display: inline-block; vertical-align: middle; padding: 16px 32px; min-width: 192px; border: 1px solid #ff0000; font-size: 1rem; font-family: Helvetica, Arial, sans-serif; text-align: center; outline: 0; line-height: 1; cursor: pointer; -webkit-transition: background 0.3s, color 0.3s, border 0.3s; transition: background 0.3s, color 0.3s, border 0.3s; box-shadow: 0px 1px 5px rgba(0, 0, 0, 0.6);">DOWNLOAD 2024 PNG HANDBOOK</button></a>

2024 PNG Handbook

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Exciting Insights from the 9th Annual PNG Residential Real Estate Survey by Hausples! We’re thrilled to present the latest findings from our 9th annual Residential Real Estate Survey the most comprehensive look yet at the housing market in Papua New Guinea. This year, over 1,500 respondents participated in the survey. We refined our marketing strategy prioritizing a targeted audience which has resulted in the smaller number of participants. This year's survey digs deep into rental and sales trends across PNG, reveals how people are budgeting and financing their homes, uncovers where they’re getting their property information, and explores what changes they’d like to see in the market. From landlords to tenants, first-time buyers to seasoned investors, we’ve heard from voices across the spectrum. Interestingly, even with the boost in responses, the results have remained consistent with previous years giving us even more confidence in the accuracy and reliability of the data. A big thanks to everyone who took the time to share their views. Your input helps drive the conversation around housing in PNG and shapes the future of the industry. We invite real estate professionals, policymakers, and property enthusiasts alike to explore this report. Whether you’re planning your next move or keeping an eye on market trends, there’s something in here for you. DOWNLOAD THE 2025 SURVEY REPORT

This is a test

According to real estate analyst Cyril Jarnias, the term “frontier market” reflects a property landscape that is both promising and complex. Papua New Guinea’s real estate sector is characterized by rapid urban growth, strong rental yields, and a persistent shortage of affordable housing. At the same time, the market is heavily influenced by major mining and gas developments, as well as a land tenure system that is predominantly customary. In recent years, Hausples.com.pg has observed an increase in property listings for sale, particularly in Port Moresby and Lae. Many of these listings include standalone houses, residential estates, and blocks of units, with prices ranging between K500,000 and K2,000,000 from 2025. This trend reflects a shifting real estate market in Papua New Guinea, where more property owners are entering the market while potential buyers continue to face rising property prices and affordability challenges. Insights from the 2025 Hausples Real Estate Survey The 2025 Hausples Real Estate Survey highlights changing household trends and perceptions within the housing market. The survey revealed a notable increase in respondents living in family households, couples with children rising from 49% in 2024 to over 62% in 2025. In addition, 88% of respondents believe that property prices have increased, reinforcing the widespread perception that housing affordability is becoming more challenging. Despite this, the survey also shows a growing aspiration toward home ownership, suggesting a shift in long-term housing goals for many Papua New Guineans. The Economy and the Real Estate Market Papua New Guinea’s economy is largely driven by the resource sector, particularly Liquefied Natural Gas (LNG), mining projects, and agriculture. These industries continue to support economic growth and play a significant role in shaping the real estate market. According to Cyril Jarnias, Papua New Guinea’s GDP is projected to grow between 3% and 4.5% annually through 2028. Alongside this growth, increasing urbanization is driving demand for both affordable housing and secure rental properties, particularly in major urban centers such as Port Moresby and Lae. PNG’s Unique Land Tenure Framework One of the defining characteristics of Papua New Guinea’s real estate sector is its land tenure system. Approximately 97% of land in the country is held under customary ownership, while only 3% is state-owned. In a recent discussion, Nou Vada, Principal of Nova Lawyers PNG, explained that land accessibility remains one of the country’s most significant development challenges. He notes that sustainable progress will require balanced policies that both protect customary land ownership and create clearer pathways for registration and development, allowing identified land to gradually transition into state lease land where appropriate. Urbanization and Changing Household Preferences Urban migration continues to shape the housing landscape in Papua New Guinea. As more people move into urban areas for employment and economic opportunities, demand for housing in major cities continues to increase. Data from the Hausples Real Estate Survey shows that more than 60% of respondents now live in family units, highlighting the growing need for larger homes and family-friendly housing options. These trends provide important insights for developers, investors, and policymakers looking to address future housing needs. The Rise of Digital Property Platforms Since its establishment in 2013, Hausples.com.pg has become one of Papua New Guinea’s leading online real estate platforms. The website connects property seekers across the country and abroad with listings for homes, apartments, land, and commercial properties. Hausples partners with real estate agents, developers, and property owners to showcase one of the most comprehensive property listing platforms in Papua New Guinea. As digital adoption continues to grow, the platform is also introducing innovative tools such as 360° virtual tours, interactive maps, neighborhood insights, and property trend analysis, helping buyers and renters make more informed decisions. Structural Challenges in the Property Sector Despite the increasing investment interest in Papua New Guinea, the real estate market still faces several structural challenges. Cyril Jarnias highlights factors such as limited infrastructure, restricted land access, high construction costs, security concerns, and reliance on the resource sector as ongoing barriers for developers and investors. These structural issues continue to shape the pace and direction of property development across the country. Papua New Guinea’s real estate market presents both opportunities and challenges. While economic growth, urbanization, and digital innovation are creating new possibilities for the property sector, addressing land access, infrastructure development, and housing affordability will remain critical for the market’s long-term sustainability. For property buyers, investors, and developers, understanding these evolving trends will be key to navigating Papua New Guinea’s unique and rapidly developing real estate landscape. Disclaimer: At Hausples, we aim to provide helpful insights into the real estate market, but we encourage all readers to conduct their own research and seek professional advice before making any property investment decisions.

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