Quotable Value Explained

Quotable Value Limited
Type:State owned enterprise
Foundation:2005
Location:Wellington, New Zealand
Key People:Jacquie Barker (Chief Executive)
David Nagel (Chief Operating Officer)
Products:Property information and valuation services

Quotable Value Limited (QV) is a state-owned enterprise of the New Zealand government. Its main commercial operations are the provision of full market valuations.

History

QV was originally established as a Crown-owned company on 1 July 1998 as Quotable Value New Zealand Limited.[1] [2] [3] It was formed out of a former government department, Valuation New Zealand.

The original department's main role was the establishment of land values for local authority rating purposes. As part of reforms associated with its corporatisation, local authorities were permitted to choose their own valuers, requiring QV to compete.[4]

QV became a state-owned enterprise in January 2005 and continues in government ownership.[3]

Services

QV's main services include:[5]

QV operates under the QVV, QVR, Darroch and QV Online brands in New Zealand, and uses the Egan and QVA brands in Australia.

Notes and References

  1. https://www.beehive.govt.nz/release/freed-valuation-market-today-good-new-zealand-says-luxton
  2. Web site: Quotable Value profit in maiden year Scoop News.
  3. Web site: Company and entity performance advice.
  4. News: Law allows overseas firm to set values . MacLeod, Scott . 22 June 1999 . . 4 November 2011.
  5. http://www.ccmau.govt.nz/pdfs/QVL-SCI-2008.pdf Statement of Corporate Intent (SCI)