Valuers assess land, property and other items such as commercial equipment and objects of art, and provide advice on the administration and commercial use of land and property.
Duties & Tasks
Valuers may perform the following tasks:
- examine items and select appropriate methods of evaluation
- calculate values by considering market supply and demand, condition of items, future trends and other factors (location; size; topography; zoning legislation; and the availability of services, such as transport, community facilities and parking, in the case of real estate, for example)
- submit written assessments of value
- provide consultancy advice on valuation matters
- give evidence in legal proceedings and mediate valuation matters
- provide rental valuations for arbitration purposes.
Real Estate Valuer
A real estate valuer works in the valuation of city, suburban or country real estate and with different types of properties, such as commercial, industrial, residential, rural, hotel, retail and other business properties, or plant and machinery. They may consult with solicitors, surveyors, town planners, architects, accountants, property developers, owners and financiers. They may also analyse property investment returns, act as expert witnesses to argue on behalf of people whose property has been acquired by an authority, work out appropriate rentals and provide market valuation reports.
Valuers have a lot of contact with the public and may be required to spend a lot of time travelling.
- good character and reputation
- good communication skills
- reasonable ability in mathematics
- sound judgment and good analytical skills.