Investment Property in Port Moresby

Investment Real Estate in Port Moresby

Port Moresby property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Port Moresby .

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Search Map of Port Moresby Investment Real Estate

Port Moresby (; Tok Pisin: Pot Mosbi), also referred to as Pom City or simply Moresby, is the capital and largest city of Papua New Guinea and the largest city in the South Pacific outside of Australia and New Zealand. It is located on the shores of the Gulf of Papua, on the south-western coast of the Papuan Peninsula of the island of New Guinea. The city emerged as a trade centre in the second half of the 19th century. During World War II it was a prime objective for conquest by the Imperial Japanese forces during 1942–43 as a staging point and air base to cut off Australia from Southeast Asia and the Americas.

As of 2020, it had a population of 383,000. The place where the city was founded has been inhabited by the Motu-Koitabu people for centuries. The first Briton to see it was Royal Navy Captain John Moresby in 1873. It was named in honour of his father, Admiral of the Fleet Sir Fairfax Moresby.

Although Port Moresby is surrounded by Central Province, of which it is also the capital, it is not part of that province but forms the National Capital District. The traditional landowners, the Motu and Koitabu people, are represented by the Motu Koita Assembly.

Port Moresby hosted the APEC summit in November 2018. However, there were concerns about security given the capital’s reputation for violent crime.

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The financial stability of Port Moresby has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Port Moresby

Renting out your Port Moresby buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Port Moresby are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Port Moresby and be prepared to change your initial outlook.
Thoroughly research the Port Moresby location with a special emphasis on fringe areas outside the main Port Moresby metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Port Moresby.
Ensure that your target investment property in Port Moresby appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Port Moresby properties yourself is an easy option, but are these savings justifiable when you run into Port Moresby red tape? Physis Realty Port Moresby office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Port Moresby buy-to-rent sector.

With our expert guidance, investing in Port Moresby provides the secure knowledge that your money is working harder than it would in a local Port Moresby bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Port Moresby, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Port Moresby property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Port Moresby

Flipping property in Port Moresby

Flipping property is when we advise clients to buy a Port Moresby property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Port Moresby market has a time to react to the renovation.

The Flipping Strategy in Port Moresby

Investment property flipping in Port Moresby is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Port Moresby real estate investments are sometimes referred to by professionals as ‘distressed’ Port Moresby real estate.

What is distressed Port Moresby property:

Port Moresby property in need of renovation
Port Moresby real estate with a change of purpose and use
Oversold Port Moresby property
Bank repossessions in Port Moresby

Put simply, long term investors in Port Moresby purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Port Moresby investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Port Moresby property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Port Moresby use a minimum profit value of 22% when looking at potential Port Moresby projects. The reason for this is because there are lots that can go wrong in Port Moresby property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Port Moresby

For luxury property investors hoping to add a superb property in Port Moresby to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Port Moresby, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Port Moresby should be entrusted to only the highest-quality agency.

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