Quotable Value

What Quotable Value does

Quotable Value (QV) is a New Zealand State-Owned Enterprise headquartered in Petone, Lower Hutt, established in July 1998 when it assumed the commercial functions of the Valuation Department (VNZ) under the State-Owned Enterprises Act 1986. The company operates two principal business lines. The first is property valuation services covering homeowners, commercial and industrial clients, rural property owners, and most significantly local councils, for which QV conducts statutory three-yearly rating valuations across New Zealand districts under independent audit by the Office of the Valuer General. The second is QV CostBuilder, a cloud-based subscription platform offering a proprietary database of more than 60,000 construction cost rates across six main urban centres (Auckland, Hamilton, Palmerston North, Wellington, Christchurch, Dunedin), organized into four modules covering building costs per square metre, elemental costs, cost planning rates, and detailed rates, with monthly material price updates sourced from over 70 trade suppliers.

QV's revenue model combines three streams: subscription-based recurring revenue from CostBuilder (priced at NZD $299 per user per year scaling to NZD $1,190 for ten users, with 11+ users by negotiation), professional services revenue from council rating valuation contracts, and direct-to-consumer revenue from QV e-Reports delivered instantly via email. Distribution operates through a self-serve online platform with 14-day free trial, inside sales via a customer support helpline, and an integration partnership with RIB Software embedding CostBuilder rate libraries into CostX quantity surveying software. The company serves a hybrid customer base spanning government (local and central), construction industry professionals (quantity surveyors, builders, project managers), commercial and rural enterprises, and individual homeowners, with content marketing via the QV House Price Index and construction cost updates supporting top-of-funnel acquisition across segments. Revenue is not publicly disclosed.

Name

Quotable Value

Legal name

Quotable Value Ltd

Website

https://qv.co.nz

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

Quotable Value is a New Zealand State-Owned Enterprise providing property valuation, statutory rating valuations for local councils, and the QV CostBuilder subscription platform for construction cost data, serving homeowners, government, and construction professionals across New Zealand.

Ownership category

akta.pro rank

Headquarters

HQ city

Petone

HQ country

New Zealand

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. QV CostBuilder Subscriptions: Annual subscription-based access to construction cost databases. Pricing tiers based on number of authorised users, starting from $299 for single user access. Subscriptions include unlimited access to rate libraries, automatic updates, customer support, and product upgrades.
2. Rating Valuations Services: Property valuation services provided to local councils on behalf of government bodies. Rating valuations are carried out on all New Zealand properties every three years to help councils apportion rates.
3. QV e-Reports: Direct property valuation reports sold to individual homeowners, providing instant estimated property values, comparable sales data, and expert insights delivered to inbox.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Quotable Value (QV) is a New Zealand State-Owned Enterprise providing professional property valuation services and construction cost data across New Zealand. Its core offerings include three-yearly Rating Valuations for local councils, individual Property Valuations for residential, commercial, industrial, and rural clients, instant digital QV e-Reports for homeowners, and the subscription-based QV CostBuilder platform containing more than 60,000 construction cost rates across six main New Zealand urban centres for quantity surveyors, builders, and construction project managers.

Product overview

Quotable Value (QV) operates as a State-Owned Enterprise providing property valuation and related data services across New Zealand. The company's portfolio centers on two core offerings: property valuation services and a construction cost intelligence platform called QV CostBuilder. The QV e-Report provides instant property valuations delivered digitally, while QV CostBuilder is a subscription-based online database with four integrated modules—Building Costs per Square Metre, Elemental Costs of Buildings, Cost Planning Rates, and Detailed Rates—covering construction costs across six New Zealand regions. Additional services include Rating Valuations for local councils, Property Search for property data exploration, and the QV House Price Index for market analytics.

Differentiator

Problem solved

Functional benefit

Brands

• QV e-Reports: Property valuation reports delivered electronically to customers
• QV House Price Index
• QV CostBuilder

Products and services

• QV CostBuilder A subscription-based online construction cost database that provides more than 60,000 construction cost rates across six main New Zealand urban centres (Auckland, Hamilton, Palmerston North, Wellington, Christchurch, and Dunedin) for quantity surveyors, builders, and construction project managers. Includes square metre rates, elemental cost breakdowns, cost planning rates, and detailed rate items, with monthly material price updates and a 14-day free trial.
• QV e-Report A digital instant property valuation report delivered to the customer's inbox within minutes, providing the property's current estimated value, comparable local sales data, and expert insights. Designed for individual New Zealand homeowners who want a quick, accessible property estimate without engaging a valuer in person.
• Property Valuations Professional property valuation services delivered by qualified registered valuers for residential homeowners, commercial and industrial property owners, rural and lifestyle property owners, and central government clients across New Zealand.
• Rating Valuations Three-yearly rating valuations carried out on all properties within a New Zealand local council district to help councils apportion rates, reflecting the likely selling price at the effective revaluation date. Contracted by local authorities and audited by the Office of the Valuer General.
• Property Search An online property data search tool covering all New Zealand regions and districts, enabling users to explore property values, comparable listings, and location-level data.
• QV House Price Index A comprehensive national residential property market index that tracks property values across New Zealand regions with monthly and quarterly updates, providing market insights, trend analysis, and regional breakdowns.
• Revaluation Survey A revaluation survey service for local councils involving mass appraisal processes across all properties in a district and establishing current market trends to support statutory rating valuation updates.

Quantifiable outcome

• 60,000+ construction cost rates across six regions
• +4 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Partnerships

One partnership is on record.

• RIB Software (CostX)coreTechnology or IntegrationQV CostBuilder has entered into a partnership with RIB Software enabling CostBuilder's vast library of 60,000+ regularly updated construction costs to be accessed directly within CostX quantity surveying software. CostBuilder data can be uploaded directly into CostX for application into cost plans and to automate future price updates. NZ-based RIB CostX users can license these digital CostBuilder libraries directly from RIB via a subscription agreement.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Cotality (formerly CoreLogic): Global property data, analytics, and valuation intelligence firm. Comparable to QV's property data and valuation analytics business (Property Search, QV House Price Index), though at much larger scale and scope across multiple geographies.
• CBRE Group: Global real estate services firm with a major valuation and advisory practice (including former Terracorp in NZ). Competes with QV in commercial and industrial property valuations, though CBRE's scope is far broader.
• Turner & Townsend: Global cost and commercial management consultancy serving construction, real estate, and infrastructure. Comparable to QV's cost intelligence and project advisory offerings, but as a global incumbent rather than NZ-specialist.
• JLL (Jones Lang LaSalle): Global real estate services firm providing commercial property valuation, advisory, and capital markets services. Comparable to QV's commercial & industrial valuation segment as a broad incumbent with international scale.
• Rider Levett Bucknall: Global quantity surveying and cost management consultancy. Comparable to QV's professional valuation services and QS-adjacent expertise, but operates at much larger international scale across cost planning, valuation, and project advisory.

Emerging players

• PriceHubble: European/Swiss property analytics and AVM platform serving financial institutions, brokers, and developers. Comparable to QV's e-Report and analytics segment, but as a tech-forward emerging player focused on digital valuation rather than traditional mass appraisal.

Direct peers

• BCIS (Building Cost Information Service, RICS): UK construction cost data service operated by RICS. Closest international functional analogue to QV CostBuilder, providing building cost indices, elemental rates, and detailed rate libraries to quantity surveyors and construction professionals.
• Opteon Property Group: Australia/NZ residential and commercial valuation firm (formerly Darroch Valuations and Mike Pero Real Estate). Competes with QV directly in NZ property valuation services across residential, commercial, and rural segments.
• RIB Software (CostX): Quantity surveying software vendor whose CostX platform integrates CostBuilder rate libraries via an OEM partnership. Operates in the same NZ construction-cost workflow as QV CostBuilder and is both a partner and adjacent competitor.
• Rawlinsons: Australia-based publisher of Rawlinsons Construction Cost Guide and Australasian cost data handbooks. The closest international analogue to QV CostBuilder, providing construction cost databases to quantity surveyors and builders across the Australasian region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/QV.co.nz
• LinkedInlinkedin.com/company/quota
• Xx.com/qv

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Quotable Value