The Property Institute has over 2500 members throughout New Zealand and the world. It was formed in the year 2000 to act as the voice of property professionals and lead them into the new millennium.
The principles we follow are:
The Institute incorporated the membership of the New Zealand Institute of Valuers (NZIV), the Institute of Plant & Machinery Valuers (IPMV), and the Property & Land Economy Institute of New Zealand (PLEINZ). It now represents the interests of Valuers, Property and Facilities Managers, Property Advisors and Plant and Machinery Valuers.
Since inception, the Institute has developed into the leading professional body for standards, qualifications and ethics across all facets of the property profession within New Zealand. We work with government, industry and other professional associations, education stakeholders and the media to promote our standards and views.
Our members play an active role in promoting professionalism, ethical conduct and innovative thinking.
The New Zealand Institute of Valuers (NZIV) was formed in 1938, and given a statutory role in 1948 with the passage of the the Valuers Act 1948.
The NZIV merged operations with the Property Institute in the year 2000, however, due to its duties in section 10 of the Valuers Act, the NZIV continues to exist as a legal entity itself, with the NZIV Council serving also as the Property Institute's Valuers Council. The NZIV also maintains its own Rules and Code of Ethics.
In general, operational and administrative functions of the NZIV are delivered by the Property Institute, and this relationship is governed by a Service Level Agreement, the NZIV annual budget, and the overarching Property Institute / NZIV Strategy.
The Valuers Council is currently working on implementing the NZIV Foundation, to benefit valuers and to enhance their status in the view of the public. NZIV members are welcome to provide feedback on the foundation document.
Please note some documents may require logging in to download.
As a professional body, one of the key roles of the Property Institute is the provision of standards for New Zealand property and valuation professionals to adhere to.
As of the 1st of January 2012 both the Property Institute of New Zealand and the New Zealand Institute of Valuers formally adopted the 2011 International Valuation Standards for valuation practice.
All Property Institute members who hold current Annual Practicing Certificates are offered free access to the IVSC International Valuation Standards. More information on gaining access to these is available here.
Members of the public are also able to download a copy of the International Valuation Standards (IVS) from here.
To cater for local issues, the Institute in conjunction with the Australian Property Institute has developed a series of Guidance Notes for applying the IVS to the Australian and New Zealand property environment. These also provide information for other property professions such as property management, property advisory and plant and machinery valuation. These guidance notes embody recognised good practice and can be found here. The website also provides information on current updates and exposure drafts and the linkages between the IVS and Australian and New Zealand Guidance Notes