Average Property Acquisition Agent Salary in Papua New Guinea for 2024

In this article, we will look at the average Property Acquisition Agent salary for 2024 in Papua New Guinea and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Papua New Guinean kina. To keep things simple, we are using the PGK currency code instead of the currency symbol K.

How Much Does a Property Acquisition Agent Make in Papua New Guinea?

A Property Acquisition Agent working in Papua New Guinea will typically earn around 35,420 PGK per year, and this can range from the lowest average salary of about 17,760 PGK to the highest average salary of 57,620 PGK.

These are average salaries for a Property Acquisition Agent in Papua New Guinea and include benefits such as housing and transport. It's also possible for a Property Acquisition Agent to earn more or less than the average salaries shown above.

Property Acquisition Agent salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Property Acquisition Agent Salaries in Papua New Guinea

So we've looked at the average salaries a Property Acquisition Agent will earn in Papua New Guinea. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Property Acquisition Agent can earn between 17,760 PGK and 57,620 PGK on average in Papua New Guinea. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Property Acquisition Agent in Papua New Guinea is 38,060 PGK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 38,060 PGK, and 50% of the population earn more than 38,060 PGK.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Property Acquisition Agent salary in Papua New Guinea, 25% of the population are earning less than 25,940 PGK while 75% of the population earn more than 25,940 PGK.

75% of the population earn less than 49,300 PGK, and 25% of the population earn more than 49,300 PGK.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

Property Acquisition Agent Salary by Experience Level in Papua New Guinea

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average property acquisition agent salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

• 0 - 2 Years Experience. A Property Acquisition Agent in Papua New Guinea that has less than two years of experience can expect to earn somewhere in the region of 23,520 PGK.
• 2 - 5 Years Experience. With two to five years of experience the average Property Acquisition Agent salary would increase to 28,660 PGK.
• 5 - 10 Years Experience. From five to ten years of experience as a Property Acquisition Agent, the average salary would be 36,720 PGK.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 48,160 PGK.
• 15 - 20 Years Experience. A Property Acquisition Agent with 15 to 20 years of experience can earn an average of 50,520 PGK.
• 20+ Years Experience. For a Property Acquisition Agent with more than 20 years, the expected average salary increases to 52,880 PGK.

Average Salary by Experience Chart

Property Acquisition Agent Salary by Education Level in Papua New Guinea

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Property Acquisition Agent in Papua New Guinea based on the education level of the employees in order to find out whether a better education level would increase your salary.

• High School. A Property Acquisition Agent in Papua New Guinea with a high school education can earn an average salary of 28,660 PGK.

• Certificate or Diploma. A Property Acquisition Agent in Papua New Guinea with a certificate or diploma education can earn an average salary of 39,560 PGK.

• Bachelor's Degree. A Property Acquisition Agent in Papua New Guinea with a bachelor's degree education can earn an average salary of 56,880 PGK.

Average Salary by Education Chart

Property Acquisition Agent Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Papua New Guinea, a male property acquisition agent will earn an average of 39,080 PGK, while a female property acquisition agent will earn around 36,940 PGK.

This means that a male property acquisition agent earns approximately 6% more than a female property acquisition agent for performing the same job.

Average Salary by Gender Chart in Papua New Guinea

Property Acquisition Agent Average Pay Raise in Papua New Guinea

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Property Acquisition Agent in Papua New Guinea is around 7% every 28 months.

The national average pay raise across all professions and industries in Papua New Guinea is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 7 ÷ 28 ) × 12  = 3%

What this means is that a Property Acquisition Agent in Papua New Guinea can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Papua New Guinea for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Papua New Guinea.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Property Acquisition Agent Bonus and Incentive Rates in Papua New Guinea

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Property Acquisition Agent is a low bonus based job, with 38% of employees reporting at least one bonus in the last 12 months.

62% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Papua New Guinea earn approximately 21% more than private sector employees in the same role.

Salaries for Jobs Similar to a Property Acquisition Agent

In the table below, we have salary information for jobs that are similar to a Property Acquisition Agent in Papua New Guinea.

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