Valuation in the spotlight
With median house prices in Adelaide at an all-time high, we turn our attention to the important profession of valuation. An integral cog in the property industry, valuers provide essential advice on valuation and property matters to financial institutions, land owners, tenants, property developers and many more. So what's required to be successful in this demanding profession?
Possessing a successful career in the valuation industry, Matt Singleton, State Manager SA/VIC/TAS for Propell National Valuers is well qualified to tell us what makes a good valuer and what he enjoys about the industry.
Matt says he likes the flexibility and diversity the industry has to offer. Many valuation roles provide the opportunity to work from home or the office and are not bound by 9-5 business hours. Matt lists the opportunity to travel and see a lot of different properties in varied locations as another benefit for professionals in the valuation industry. ‘There are numerous areas to specialise in, be it commercial, residential, industrial, development and feasibility – there are lots of options that can lead to different pathways and opportunities’ says Matt.
Here are the top qualities of a successful valuation professional according to Matt Singleton.
- The ability to make confident, independent, timely decisions guided by industry principles and backed by sound market knowledge
- Good time management, strong ethics and a professional approach
- The ability to work independently and as part of a team
- Analytically minded with sound researching and problem solving capabilities
- Attention to detail and pride in the quality of information provided to clients
- Willingness to embrace change and technology
- A sense of humour and a desire to be good at what you do
- Good knowledge of property
- The ability to relate to a diverse range of people
We also asked Moira Mundy, Executive Officer for the API (SA) for her thoughts and insights about the valuation industry in South Australia. Many of the valuation professionals in SA work in the residential and commercial sectors. Others work within in the Government, retail, rural and plant and machinery valuation sectors. Experience in valuation can also provide a pathway to careers in a diverse range of property sectors, such as property law, finance, facility management, funds management, and property development.
When asked what sorts of people gravitate towards the profession, Moira observed that members of the API (SA) tend to possess some common traits. ‘They are personable, analytical, respectful, methodical and have good communication skills - all of which are required to be a success in the valuation industry’ says Moira.