With a particular interest in the analysis of underdeveloped assets, Iouri Tcherkas has valued many a diverse range of property segments.
Having spent most of his childhood in the country, Mr Tcherkas favourite valuations involve those within regional areas.
He said likes the challenge posed by lack of market evidence because many transactions occur off-market.
“I really enjoy visiting different regional areas and country towns, learning about what drives them economically and how the various property market segments are performing,” he said.
Mr Tcherkas said real estate agents, government officers and business owners from rural towns were more than happy to share details regarding the location.
“When people find out that you are a property valuer doing work in their town, they are more than eager to discuss the latest property events.
“I recently valued part of a portfolio of commercial property on the NSW south coast and a mixed-use development site in Eden – both were very interesting.”
Iouri Tcherkas said obtaining CPV accreditation after two years of practical experience was a memorable moment from his career, however the highlight is testing his skills in real-life.
“Obtaining the CPV is just the beginning, it’s how you apply your education and training that matters,” he said.
“I am proud to work with likeminded individuals at Preston Rowe Paterson on interesting and challenging assignments.
“I am also proud to be part of a dynamic profession with high professional standards serving an important social purpose and the community.”
Mr Tcherkas attributes his past and present directors, and colleagues as his greatest inspirations in the industry.
“[They] provide me with guidance and motivation to take on greater and more complex assignments,” he said.
“Within the property industry and from a business perspective, I look up to people who think outside the box, are passionate about what they do and are courageous in the face of uncertainty,
“I noticed that a key quality of these individuals is to never stop learning and the ability to turn negative circumstances into positive learning experiences or even business opportunities.”
Mr Tcherkas advice for individuals starting a career in property valuation is to engage in a broad variety of work to get an understanding of how the various property segments, clients, markets, and stakeholders fit together.
“This sometimes may involve stepping out of your comfort zone and putting in extra hours, however after you go through something several times it becomes easier,” he said.
“Develop your social skills and a network of allied property professionals who may assist you in various specialised enquiries.
“Professionals such as agents, builders, planners, lawyers, accountants and finance specialists are also heavily involved in the property industry and if you develop relationships with them, they are more than happy to offer their perspectives.”