Thread Status:
Not open for further replies.

What is the best city in PNG to buy

Discussion in 'Buying Overseas Property' started by clayton, Sep 16, 2006.

  1. clayton

    clayton New Member

    Hello all,
    I'm a small time investor
    I broke my neck 8 yrs ago so I can't afford to loss any money

    I?m looking for a mentor who could give me some good advice about investing in the PNG property market

    Which city is best
    What type of property should I buy

    if you could help me with any info I would be very grateful
  2. connor

    connor New Member

    Hey Clayton,
    From what I gather, investing in PNG has several differences compared to Australia:

    - High yield / rental income - so it's probably going to be positive cashflow
    - Probably a bit higher maintenance
    - Loan in PNG as far as I know is only for short term, 5 years, maybe 10 max - which negates the positive cashflow here
    - You don't own the land here, just the property. The land is owned by the gov and you are given the title / lease for I think 99 years.... but when you purchase a property this might have less to go, so this is something to look out for.... I don't know how much to renew the title / lease. If someone can explain a bit better, please jump in.
    See you again
Thread Status:
Not open for further replies.

Share This Page