Confessions of a valuer, chapter 21: my bane worse than Durin’s Balrog – The Property Chronicle
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Confessions of a valuer, chapter 21: my bane worse than Durin’s Balrog

Investor's Notebook

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.

I was no Gandalf. I did have a ring we won’t talk about, because in Australia ‘ring’ = slang for ‘nether orifice’.

Administrators and their acolytes increasingly became the bane of my life worse than Balrog. Even in retirement, on the advent of bad health, non-doctor or nurse qualified administrators became the new bane of my life that I have fun in challenging. I also saw the same happening in the property profession.

We had had battles with Professor Emeritus Graeme Swain. But he ran a tight and efficient ‘shop’ with three superbly efficient administrators: Noel Burnett, Meg McCormick and Brian Lindsay. As course (or coarse) co-ordinator, I covered ‘hatching, processing and despatching students’. It was an elected position – other ‘real’ academics just wanted to get on with education, research and publication. All except Muggins took one step back when volunteers were called for.

“Other ‘real’ academics just wanted to get on with education, research and publication”

I could influence the programme. Early, I noted that females were a small percentage of the intake. Easy! 

I concentrated my coarse promotion on all-girls private schools. (Many school entrants had previously come from the all-boys private schools.) 

The female ratio shot up. Most in the university put it down to my personal beauty and charm, or lust.






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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