what is the best city in PNG to buy positive geared investment properties

I'm a small time investor
I broke my neck 8 yrs ago so I can't aford 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
ect

if you could help me with any info I would be very gratful

Paul

Hi Paul,

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 hehe
- 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.

So you need to find one real case scenario and see how the numbers stack up together

As for the best city to invest in property.... probably port moresby ? Lae wouldn't be too bad either. More high income people who will pay more for rent :D

Hi wantok,

Other centres like Lae, Goroko, and Madang might offer few good properties to invest in but certainly Port Moresby has many properties that you can go for.

Real estate is one form of business you can invest your money. But since you are not working due to the injury perhaps it might be a good idea to see your bank for tips on good investment options. This is to ensure that you make a good/sound investment decision.

Wish you well in your endeavors.

Apiatange