Further confessions of a valuer, 01 – The Property Chronicle
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Further confessions of a valuer, 01

Investor's Notebook

Metamorphosis

In this very special series of exclusive articles for The Property Chronicle, Australian property legend Norman Harker reflects on his extraordinary 50-year life in real estate. He will pull no punches partly because, as he freely admits, Norman has a limited life expectancy of five years from December 2018 due to a diagnosed terminal blood cancer, which he has cheerfully accepted in preference to (in his words) “kicking the bucket without notice”. We are honoured he has chosen us to publish these brilliant, funny and incisive reflections of a lifetime in property.

The series of 24 chapters has resulted in many requests – but few of those are repeatable. However, The Property Chronicle has decided to attempt to break into a new market of perverted masochists and have asked for Further Confessions from my (in)famous career as a valuer.

I have often been asked how I got to how I am today as shown by the lead photo, which was taken on a good day just after I got out of my pit to see if I’d managed to upset anyone with my latest postings on LinkedIn and Facebook.

When I started my official career at Conrad Ritblat and Co, London, in 1970, I was 6ft 1in and weighed in at 140lbs – translated into metric my Excel convert function tells me that I was 1.85 kilometres tall, 63.5 kilograms in weight. But in whatever language, I was as thin as a rake and was in danger of being blown away.

Excel convert function tells me that I was 1.85 kilometres tall 63.5 kilograms in weight

But over the next five years I suffered from a gain of 14lbs a year and, although my girth extended to 44 inches, my height remained obstinately unchanged.

The reason was travelling all around the UK (now the  Dis(UK)) valuing property portfolios. The trouble was that the fee for these valuations were negotiated by illustrious boss John Ritblat (now Surgeon Ritblat), which was always a base fee plus expenses. There was no way that John Ritblat was going to have us travelling around at his expense – proving his innate business acumen.

My metamorphosis was a three-stage process with three causes. The only difference today is that stage three has further morphed by age to the wondrous figure in the lead photo.






Investor's Notebook

About Norman Harker

Norman Harker

Norman Harker FRICS FAPI, the Principal of Sydney-based consultant Norman Harker & Associates, is a specialist Excel property consultant, with expertise in developing, validating, and securing the robustness of Excel DCF and CF analyses for analysing transactions, valuations, investment analysis and feasibility studies. He was an elected New South Wales divisional board member of the Australian Property Institute in 2013-2015 and for many years was a senior lecturer at the University of Western Sydney, where he specialised in developing applications for the use of practising valuers; before that he lectured at the University of Aberdeen in Scotland. He began his career at Conrad Ritblat & Co in London, where he rose from trainee valuer to associate partner. He was diagnosed with incurable multiple myeloma in 2018 and given a life expectancy of five years, and also suffers from an incurable and often inappropriate sense of humour.

Articles by Norman Harker

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