Pay for valuers varies depending on experience.
Graduate and newly registered valuers usually earn between $37,000 and $55,000 a year.
Mid-level valuers can earn $55,000 to $80,000.
Senior valuers with at least five years' experience can earn $80,000 to $150,000.
Source : Property Institute of New Zealand; Hays, 'Hays Salary Guide', 2017.
This information is a guide only. )
What you will do
Valuers may do some or all of the following :
inspect and record details of properties, or items such as jewellery
work out the value of a property or item
advise clients on values for sales, insurances or rates
check planning regulations and legal documents
assess annual rent and running costs of properties
research market information
give evidence in court.
Skills and knowledge
Valuers need to have knowledge of :
the principles and procedures of valuation
the history and details of the items they are valuing
the market value of items, or how to find out this information
styles and trends in their area of work
Property valuers also need to have knowledge of :
architectural and engineering plans
building methods and materials
property, land ownership and resource laws
building codes and local government laws
real estate markets
how the economy affects the value of property.
usually work regular business hours, but may work longer hours to meet deadlines or visit clients in evenings or weekends
are based in offices, auction rooms, art galleries, museums, and jewellery or antique shops
can spend a lot of time travelling locally, visiting clients in their homes, or inspecting businesses and factories for valuations.
Senior valuers may travel nationally and overseas to do valuations.
To become a valuer you need to be of good character and reputation.
Becoming a real estate valuer
To become a real estate valuer you need to have one of the following :
Bachelor of Property
Bachelor of Business
Bachelor of Land and Property Management (Urban or Rural Valuation)
Bachelor of AgriCommerce (Rural Valuation)
Graduate Diploma in Valuation
Graduate Diploma in Property Management
Graduate Diploma of Property
Postgraduate Diploma of Business Administration.
You also need to be registered with the Valuers Registration Board (VRB) and hold a current real estate valuer's Annual Practising Certificate.
Becoming a personal property valuer
To become a personal property valuer it is recommended that you complete :
on-the-job training with an employer or valuation company
a valuation course offered by an international appraisers' organisation such as the American Society of Appraisers (ASA) or the International Society of Appraisers (ISA).
A tertiary entrance qualification is required to enter further training to be a real estate valuer.
A minimum of three years of secondary education is recommended to become a personal property valuer.
Useful subjects include art history, business studies, English, economics, mathematics and painting, sculpture, photography, printmaking combined.
Valuers need to be :
honest, trustworthy and responsible
confident and clear communicators
observant and accurate, with an eye for detail
able to work well independently and as part of a team
able to keep information private and confidential
analytical, with good decision-making skills
good at maths and keeping records.
Useful experience for valuers includes :
real estate or land development work
rural / farm work
building or construction work
banking, finance or insurance work
work as an auction room attendant
selling, repairing or making art, jewellery and antiques
mechanical engineering work
Valuers need to be reasonably fit and healthy because they often visit sites and spend long periods on their feet. They should have good eyesight (with or without corrective lenses), good hearing, and normal colour vision.
Real estate valuers need to be registered with the Valuers Registration Board (VRB) and have a current Annual Practising Certificate.
To register, you must :
be at least 23 years old
be of good character and reputation
hold a recognised qualification
have at least three years' experience as a valuer
pass an oral registration exam.