Graduates valued as QV staff show their age

ESTHER ASHBY-COVENTRY
Last updated 05:00 13/12/2013

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There is no shortage of property valuers in Timaru, according to Land and Information New Zealand (LINZ). They are just getting older.

With the majority of valuers in New Zealand over the age of 50, LINZ has identified that there is a risk to the long-term sustainability of the profession.

There are eight registered valuers holding practising certificates in South Canterbury, out of a total of 13 registered valuers (including non-practising registered valuers).

This compares with 884 holding practising certificates of 1200 registered valuers nationally.

LINZ general manager Craig Armitage said only those with certificates can undertake valuations for the public.

"The New Zealand Institute of Valuers and the Property Institute of New Zealand has been active in encouraging younger people into training as valuers to mitigate this risk," Mr Armitage said.

Quotable Value (QV)-registered valuer Ian Fairbrother said because of increased workload, it had employed a graduate valuer.

"By employing graduates throughout the country it creates and maintains a career path within our organisation," Mr Fairbrother said.

He said changes to insurance policies and a reasonably active residential property market had contributed to the need for the extra staff member.

QV's core business is preparing rating valuations for local authorities.

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- The Timaru Herald

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