Dear NZIV member,
Kia ora koutou
It gives me great pleasure to invite you to attend the National Property Conference to be held at the Cordis Hotel in Auckland from July 14 - 16.
Matters of Interest to Valuers
Aside from being a feature-packed programme providing a plethora of interesting presentations delivered by industry experts and influencers, the 2021 National Annual Property Conference represents superb networking opportunities for smart property professionals. But for Valuers there are some particularly good opportunities for gaining highly specific and tailored education from some of the leaders in the profession.
The Conference also provides a great opportunity to gain valuable CPD Points. There are a massive 12 points on offer for the whole programme. Significantly, this includes NZIV compulsory ethics and standards CPD. In fact, on Day One, the opening session for the Conference, led by the Valuers Registration Board, will be the NZIV Ethics Seminar: Ethics 25 Years On. It will focus on ethical practice, issues and trends. Ensuring Valuers are well equipped and knowledgeable will help in making sure relevant issues are kept front-of-mind as part of continuing professional development and daily practice, as well as assisting with appropriate responsiveness to industry and society changes.
The Gala dinner will also feature NZIV Property Industry Awards. These are The Ian Gribble Memorial Award (NZIV’s Premier Award), and the John M Harcourt Memorial Award (made annually in acknowledgement of outstanding service to the valuation profession).
Specialised Breakout sessions for Valuers
On Days Two and Three, there are a number of specialised 'breakout sessions' or workshops, designed specifically for Valuers, and for the most part delivered by Valuers.
On Day Two, Chris Stanley will be delivering his presentation on: Standards – Keeping Shipshape. This is designed to help keep your practice shipshape and up-to-date with international, Australian and New Zealand standards. A second workshop - How can we futureproof ourselves? – will be delivered by Auckland University’s Professor Deborah Levy and Dr Abdul-Rasheed Amidu. As always, this is bound to be thought provoking, lively and interactive!
If you have an interest in plant and machinery valuation, there is also a panel discussion scheduled to look at how the profession might continue to thrive, including the need for registered plant and machinery valuers to take on trainees and explore recruitment models.
There are further breakout sessions planned for Day Three, the first of which will be chaired by well-known Valuer and NZIV Councillor Peter Ward. This session will look at Unit Titles and how ownership structures are changing, and the subsequent impact these changes may have on valuation. Entitled “The Changing Tide of Ownership Structures for Multi-unit Residential Property”, this session will feature project lawyer John Grenwood, and later on involve a panel discussion with representatives from the valuation, legal, and insurance professions.
Skilled engineer, Past President of the Property Council, and Chief Executive of Argosy Property Limited Peter Mence will provide an “up-to-the minute” overview of how the commercial leasing market is adapting and evolving especially after the disrupter of Covid-19 lockdowns. Peter is a Fellow of the Property Institute and is a past lecturer in Advanced Property Management at The University of Auckland: so he is well qualified to provide an interesting and engaging presentation.
Valuer Mark McNamara - author of the VEIF-sponsored research paper Ground Lease Valuation and Analysis - will run an NZIV Workshop featuring a “dive” into leasehold tenure. This session will survey the sometimes-controversial topic of ground leases and the challenges associated with them – including the investigation of contemporary valuation models and how they can be adapted to the NZ environment. Ultimately Mark will try to provide an answer to the question: “What is an appropriate target rate of return for a lessee’s interest?”
Following on from the extremely popular VEIF-sponsored “Value of Water Webinar series in 2020”, Conference participants will have the opportunity to consider the hot topic of water rights in Aotearoa New Zealand. In this session as NZIV General Secretary, I will cover the need-to-know aspects and give insights on managing the constantly changing complexities, challenges and utilisation of valuation principles involved in relation to this critical natural resource. A great chance to catch up if you missed the webinars.
Other Sessions of Interest to Valuers
The NZIV Annual General Meeting will be held on Wednesday afternoon (Day One). All NZIV members are welcome and indeed encouraged to attend.
After the NZIV AGM, Valuer Phillip Curnow will provide an update on the increasing profile of the Valuer's Education and Integrity Foundation (VEIF). Phillip will fill in the details as to how this New Zealand registered Charitable Trust goes about commissioning, funding and resourcing quality, robust research and educational material for property valuation and related issues.
There are also a number of off-site events planned for the afternoon of Day Two, in the lead up to the Gala Awards Dinner later that evening. This includes a visit to the state-of-the-art: PWC Tower and Commercial Bay, looking at Infrastructure and Development related to the 36th America's Cup, and a PINZ Fellows and Life Members Celebration.
Valuers will also no doubt have an interest in many of the more generic sessions. Aside from what will inevitably prove to be inspirational addresses from technological innovator Sir Ian Taylor, and former NZ Prime Minister Rt Hon Sir John Key, there will be sessions covering:
- The Changing World of Work - Flexible Workspaces
- An analysis on the future by well-known economist Cameron Bagrie
- Simpson Grierson Law will help you navigate the Auckland District Law Society’s Deed of Lease Clause 27.5 which raises the possibility of rent relief afforded to tenants.
- Well-being update by one of New Zealand’s top TV journalists, and “depression survivor” Jehan Casinader
- Entertaining and energising presentation by professional sailor Ray Davies - coach to Team New Zealand in the 2021 and previous America's Cup challenges.
Valuers Summit Regional Roadshows
Valuers are also reminded of the first Valuers Summit Regional Roadshow for 2021 being held in Northland 27 May. This full-day programme is not to be missed! Written by Valuers for Valuers, significantly it will include NZIV compulsory ethics and standards CPD. Full details of the programme and registration can be found here.
Also, keep your diaries open for the second Valuers Regional Summit being held in Rotorua on 7 October. The final programme will be available soon, however registrations are now open here.
Ngā mihi nui
Dr Gary Garner
NZIV General Secretary