Contract valuer for established firms

Established valuation firms and larger practices that need extra capacity, with their clients (lenders, owners, solicitors) paying them in turn.

A share of the fee, or an agreed rate, for each inspection and report you complete. Income depends on how much work the firms send you.

• Recognised valuation qualifications and experience
• Accurate, fast report writing
• Reliability and meeting deadlines
• Knowledge of the suburbs you cover

• Registration and licensing rules differ by state and territory, so check before taking any work
• Check whether you are genuinely a contractor or would be treated as an employee, and get advice if unsure
• Professional indemnity insurance requirements, and who is responsible if a report is disputed
• Work can be uneven, as firms may send fewer jobs when the market is quiet
• Register for GST if your turnover reaches the threshold

Startup costs are typically around $2,000 to $6,000, depending on your equipment, software and insurance. These are estimates, so confirm insurance requirements with the firms you hope to work for.

Monthly revenue is typically around $1,000 to $5,000, depending on how many jobs firms send you and the hours you can offer. These are estimates, and work can be uneven when the market is quiet.

Registration and licensing rules differ by state and territory, so check before taking any work. Also check whether you would be treated as a contractor or employee, professional indemnity requirements, who is responsible if a report is disputed, and GST registration.