How to become a Valuer
Valuers assess land, property and other items such as commercial equipment and objects of art, and provide advice about the administration and commercial use of land and property. Valuers generally specialise in a particular type of valuation according to their knowledge and experience, such as real estate or art. Valuers have a lot of contact with the public and may be required to spend a lot of time travelling.
Personal requirements for a Valuer
- Good character and reputation
- Good communication skills
- Reasonable ability in mathematics
- Sound judgment and good analytical skills
Education & Training for a Valuer
To become a valuer you usually have to complete a VET qualification. As subjects and prerequisites can vary between institutions, you should contact your chosen institution for further information. You can also become a valuer by studying property, property economics or valuation at university. To get into these courses you usually need to gain your Senior Secondary Certificate of more of English and mathematics are normally required. Universities have different prerequisites and some have flexible entry requirements or offer external study. Contact the institutions you are interested in for more information.
Duties & Tasks of a Valuer
Valuers:
- 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 about valuation matters
- Give evidence in legal proceedings and mediate valuation matters
- Provide rental valuations for arbitration purposes.
Tasks
- Examines property, selects methods of valuation, and submits written assessments.
- Calculates values by considering market demand, condition of items, future trends and other factors.
- Gives evidence in legal proceedings, mediates on valuation matters and provides rental determinations for arbitration purposes.
- Provides advice on land and property financing and valuation matters.
Working conditions for a Valuer
Valuations are made for many different purposes, such as rating and taxing, finance, financial reporting, investment, insurance, rental, sale and purchase. A significant proportion of a valuer's time is also spent writing reports. A valuer's competence is largely judged on the quality and thoroughness of a report.
Employment Opportunities for a Valuer
Valuers are employed by government departments or in the private sector. New or trainee valuers may spend part of their time on other tasks such as real estate sales or property management. In the private sector, most valuers are employed by valuation firms, auction houses, real estate agencies and various financial institutions such as banks, insurance companies and building societies. There are also opportunities for self-employment.
Specializations
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 or retail and other business properties. They may also analyse property investment returns, consult with other industry professionals, act as expert witnesses, work out appropriate rentals and provide market valuation reports.
Valuer
Valuers assess land, property and other items such as commercial equipment and objects of art, and provide advice about the administration and commercial use of land and property. Valuers generally specialise in a particular type of valuation according to their knowledge and experience, such as real estate or art. Valuers have a lot of contact with the public and may be required to spend a lot of time travelling.
Average age
41
Future Growth
N/A
Gender Share
25% female
Average full-time
46 hours
Weekly Pay
N/A
Skill level rating
Very high skill
Unemployment
Lower unemployment
Full-Time Share
84%
Employment Size
5,200
Employment by state
ACT: 1.2%
NSW: 33.0%
NT: 0.6%
QLD: 21.0%
SA: 6.8%
TAS: 1.8%
VIC: 25.1%
WA: 10.5%
Age brackets
15-19: 0.3%
20-24: 7.5%
25-34: 27.5%
35-44: 22.1%
45-54: 20.1%
55-59: 8%
60-64: 7.2%
65 and Over: 7.2%
Education level
Advanced Diploma/Diploma: 18.8%
Bachelor degree: 54.9%
Certificate III/IV: 3.7%
Post Graduate/Graduate Diploma or Graduate Certificate: 13.2%
Year 10 and below: 1.8%
Year 11: 0.7%
Year 12: 7%
