Quotable Value Limited

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Quotable Value Limited
State owned enterprise
Founded 2005
Headquarters Wellington, New Zealand
Key people
Kay McKelvie(Chair)
Bill Osborne(CEO)
Products Property information and valuation services
Website www.qvgroup.qv.co.nz

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[edit]

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

The original government department's main role was the establishment of land values for local authority rating purposes. As part of the reforms associated with its corporatisation, local authorities were permitted to freely contract their valuation services [3] requiring QV to compete.

QV became a state-owned enterprise in January 2005 [2] and continues in government ownership.

Services[edit]

QV's main services are the provision of local authorities property valuations for rating purposes and general property valuation services.[4] It operates under the QVV, QVR, Darroch and QV Online brands in New Zealand, and Egan and QVA brands in Australia.

References[edit]

External links[edit]