Positive Pacific developments: Papua New Guinea’s housing appetite

Good news can be difficult to find in Papua New Guinea. Since independence from Australia in 1975, reports of crime, corruption and poverty now seemingly tumble out of the South Pacific nation on a daily basis. But a trickle of good news has emerged from a recent housing survey. With 2000 respondents, and considered the most comprehensive ever undertaken in PNG, the survey highlights positive trends for a growing economy – rental demand is high but demand to buy is higher; many Papua New Guineans are keen to put down deposits; the capital Port Moresby and other regional centres are […]

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