Who We Are

About the Institute

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:

  • Creating extraordinary people through professional learning and continuing professional development.
  • Exemplary ethical practice and behaviour, integrity and transparency.
  • Pursuing excellence in all areas of the property industry.
  • Being socially responsible and working responsibly.

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 professions 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.

New Zealand Institute of Valuers

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 and the NZIV annual budget.;

Councillors serve as representatives on National Committees with the President sitting on the Institute's Board.

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.

Institute Documents

Please note some documents may require logging in to download.

Core Documents

Property Institute Rules & Code of Ethics

Property Institute By-Laws

NZIV Rules

NZIV Code of Ethics


Property Institute AGM Minutes 2015 (pending)

NZIV AGM Minutes 2015 (pending)

Property Institute Annual Report 2014


Property Institute AGM Minutes 2014

NZIV AGM Minutes 2014

Property Institute Annual Report 2013


Property Institute AGM Minutes 2013

NZIV AGM Minutes 2013

Property Institute Annual Report 2012


Property Institute AGM Minutes 2012

NZIV AGM Minutes 2012

Property Institute Annual Report 2011


Property Institute AGM Minutes 2011

NZIV AGM Minutes 2011

Property Institute Annual Report 2010


Property Institute AGM Minutes 2010

NZIV AGM Minutes 2010

Property Institute Annual Report 2009


Property Institute AGM Minutes 2009

NZIV AGM Minutes 2009

Property Institute Annual Report 2008

Property and Valuation Standards

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 2014 both the Property Institute of New Zealand and the New Zealand Institute of Valuers formally adopted the 2013 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