Registered valuer Adam Binns is looking for another valuer
to join his Dunedin-based valuation firm. Photo by Gregor
It would be fair to say Adam Binns is a little
For the past two months, Mr Binns has been attempting to
recruit another registered valuer to his Dunedin-based firm,
Barlow Justice Binns Ltd, to help cope with a heavy workload.
Despite widespread advertising, he has been unable to attract
anyone and is now considering advertising in the United
Kingdom for a New Zealand valuer who might be keen to return
He was offering a ''highly competitive'' salary, with the
potential for the right applicant to secure a $100,000
package, plus the possibility of gaining equity in the firm.
He thought the opportunity for equity would have been ''the
real clincher'', but even that had not worked, he said.
Mr Binns did not want a graduate, or a foreign valuer, as his
business was so busy he needed someone to ''hit the ground
running'' rather than requiring training.
Not only was there a ''fairly small pool'' of registered
valuers in Dunedin, numbers were also ''relatively small'' in
New Zealand and he was concerned about the future of the
It had been suggested the average age was about 55 and the
increasing number of retiring valuers was not being matched
by new entrants, he said.
Generally, valuation was a dual degree with property
management, and property management seemed to be more
attractive. He believed valuation was ''possibly a less
Mr Binns was concerned what would happen in a few years' time
and the effect it could have on the real estate market.
On the back of the Canterbury earthquakes, the way that
insurance companies were now setting the rules on residential
insurance had created much more work for the valuation
At a time when valuers were ''really struggling to meet
demand'', a new strand of demand was being created, he said.
It was not just an Otago issue but one that was nationwide.
''Other firms around the country also have the same issues,''
Clients were all deadline driven, hence the necessity to
employ another valuer to ''try and ease that burden''.
He had only had one serious reply to his advertisements, from
a valuer at the top of the South Island who, for various
reasons, decided he did not want to take his application any
Mr Binns also believed there was a perception ''that it's
grey and cold and miserable and there's nothing to do here''.
That was ''completely false'' but possibly had an impact.
A valuation technician started this week at Barlow Justice
Binns to do ''some of the background nuts and bolts work''
which would hopefully give Mr Binns a little more time.
He and his wife Lynne moved to Dunedin from the UK nine years
ago. He described the city as ''the best place in the
Property Institute of New Zealand chief executive David Clark
confirmed there was a shortage of registered valuers but was
optimistic about the future.
Employment and property professions tended to be cyclical
with the property market so there had not been ''a huge
amount'' going over the last five years.
However, things were ''picking up now'' and he expected many
more students to join the profession in the next few years.
The institute had been dealing quite closely with Lincoln,
Massey and Auckland universities, which offered accredited
courses, to make sure there was capacity.
It was ''all looking very positive'', he said.