Job Prospects... At a glance
Valuers’ employment is projected to grow in the next few years, which will make it easier for new valuers to get work. Income is high, especially for experienced workers. The fees for a degree are about normal for a three-year programme.
Valuers estimate the value of a number of assets, such as property, buildings, art, historical artefacts and more. A valuer usually specialise in valuing one type of items so they can build as much expertise as possible in a specialised area.
Their tasks may include:
In order to work as a valuer of real estate, you need to be registered with the Valuers Registration Board (VRB). To be registered, prospective land valuers must
The VRB recognises the following degrees
When it comes to valuing other types of assets, there are no entry requirements needed to work as a valuer. However, on-the-job training with a skilled valuer and completion of a valuing related programme is highly recommended.
Specialist jewellery valuers have no officially recognised training and registration process. However, gemmology courses are available and suitably qualified jewellery valuers can become members of jewellery valuers and appraisers societies.
Valuers Registration Board: www.linz.govt.nz/regulatory/valuation/valuers-registration-board
Jewellery Valuers Society: www.jvsnz.co.nz
Jewellery Appraisers Society of NZ Inc: www.jasnz.co.nz
Association of Independent Jewellery Valuers: www.independent-jewellery-valuers.org
Gemmological Association of NZ: www.gemmology.org.nz
| VRB recognised degree |
|---|
| $19,500 over three years |
Average costs in 2018 for a domestic student. Costs vary between institutions. First time students may be eligible for fees-free tertiary education for their first year of study, which will reduce the total cost. For more information about fees-free eligibility, go to feesfree.govt.nz. Some polytechnics may have a zero-fees scheme. Further costs include materials, textbooks, and accommodation
For a qualification in personal property valuation, check directly with the relevant training provider for more information about fees.
The StudyLink website provides general budget advice for students who are studying through polytechnics, and the Sorted website provides help with detailed budget planning.
Rents vary from place to place. Estimated market rents by region, city and suburb are available on the MBIE Tenancy services website.
Tenancy Services: www.tenancy.govt.nz/rent-bond-and-bills
StudyLink: www.studylink.govt.nz
Sorted: www.sorted.org.nz/calculators/money-planner
VRB-recognised qualifications are offered at the University of Auckland, Massey University and Lincoln University.
For valuers of personal property, training is available through recognised international appraiser organisations such as the International Society of Appraisers (ISA). Note these qualifications are not recognised by the NZQA.
International Society of Appraisers (ISA): www.isa-appraisers.org
American Society of Appraisers: www.appraisers.org
In recent years fewer students have completed a bachelor’s degree in Valuation.
Qualification completions chart
Source: Ministry of Education
The annual income for valuers is estimated to be around $96,000. Income depends on experience and the area of specialisation.
| Estimated Average Income |
|---|
| $96,000 |
Source: MBIE estimates based on Statistics NZ Census and Labour Cost Index
Valuers’ employment
| Historic | Projected Growth | ||
|---|---|---|---|
| 2006 | 2013 | 2023 | 2028 |
| 1,269 | 1,200 | 1,380 | 1,510 |
| -0.8% | 2.3% | 1.5% | |
Source: Statistics NZ Census and MBIE projections. Percentages are compound annual growth rates.
* Growth projections are based on the category “Information and Organisation Professionals”.
The number of valuers in employment was reasonably stable from 2006 to 2013. During the next five years, employment numbers are projected to rise at over 2%, and this should mean it will be possible for some new valuers to enter the occupation.
Employment chart
Source: Statistics NZ Census and MBIE projections
| Overseas | In further study | Receiving a benefit | In employment | Median Salary |
|---|---|---|---|---|
| 5% | 21% | 3% | 94% | $50,000 |
Source: Tertiary Education Commission
*Three years after completion of Bachelor Degree - Valuation.
Three years after completing a Bachelor's degree in Valuation, 94% of graduates were employed and 21% in further study.
Valuers are not on Immigration New Zealand's skill shortage list
Immigration NZ, skill shortage list: skillshortages.immigration.govt.nz
The number of online job vacancies for the broader group ‘Land Economists and Valuers’ has shown a similar overall growth trend to the average for all vacancies during the last few years, but with more variation.
Jobs advertised chart
Source: Ministry of Business, Innovation & Employment
Valuer vacancies are advertised through public media such as the Trade Me Jobs and Seek websites.
Trade Me Jobs: www.trademe.co.nz/jobs
Seek: www.seek.co.nz
Valuers can specialise in valuing certain types of valuation objects, for example commercial property or jewellery. You are more likely to find a range of specialist valuers in towns and cities. In rural areas, you are more likely to find valuers who appraise a wide range of things.
The following occupations are related roles or alternative titles. Some of the roles may require a higher level of skill than entry-level valuers.
More information on valuers is available on the Careers New Zealand website.
Careers New Zealand: www.careers.govt.nz
The Australian New Zealand Standard Classification of Occupations (ANZSCO) is the official classification of occupations in New Zealand.
The occupation of valuers has been coded to the following ANZSCO code for the purpose of this report:
2245 – Land Economists and Valuers