IRIS HOMBELLA RAINOL
Port Moresby,Papua New Guinea
Summary
Motivated Associate Valuer with extensive experience in Papua New Guinea, specializing in property and asset valuation across various sectors. Expertise includes commercial, industrial, and residential properties, as well as specialized assets such as hotels, wharfs, and fuel service stations.
Overview
20
20
years of professional experience
35
35
years of post-secondary education
1
1
Certification
Work history
Associate Valuer
HomeBella Property Valuation Services
Port Moresby, Papua New Guinea
2025.06 - Current
- Improved client understanding with detailed valuation reports.
- Collaborated with real estate agents for accurate local market information.
- Ensured compliance with industry standards and regulations during all valuations.
- Prepared comprehensive written reports, provided clear communication of findings and recommendations.
- Investigated legal documents relating to properties to ensure full disclosure during valuations.
- Handled confidential information sensitively whilst carrying out valuations.
- Gathered information on nearby properties to compare values and improve accuracy of assessments.
- Stayed updated on market trends for local area and similar property types.
- Researched land, property and market values to complete estimations.
- Inspected damaged property, determining extent of loss and liabilities for insurance claims.
- Weighed important factors about location, trends and estimated replacement costs to accurately value property.
- Interviewed property owners, collecting key ownership and condition data for reports.
- Estimated values using approved formulas and outlined calculations.
- Examined properties first-hand, collected measurements and reviewed historical documents to complete thorough evaluations.
- Photographed building interior and exterior to properly document features and conditions.
- Documented details about property construction methods and materials to facilitate accurate assessments.
- Created detailed and accurate reports covering value, estimation factors and methodologies.
- Maintained up-to-date knowledge of the property market trends, ensured relevant valuations.
Assistant Valuer
The Professional Valuers of PNG Limited
Port Moresby, Papua New Guinea
2006.01 - 2025.05
- Carried out day-to-day duties accurately and efficiently.
- Quickly learned and applied new skills to daily tasks, improving efficiency and productivity.
- Successfully delivered on tasks within tight deadlines.
- Demonstrated respect, friendliness and willingness to help wherever needed.
- Worked flexible hours, covering nights, weekends and bank holidays.
- Consistently arrived at work on time and ready to start immediately.
- Offered friendly, efficient customer service and handled challenging situations with ease.
- Liaised with estate agents and solicitors to gather necessary information for appraisals.
- Increased client understanding of their property's worth through clear, concise reporting.
- Conducted detailed property inspections for accurate valuation.
- Assessed complete properties and specific property improvements to determine market values.
- Compiled data regarding market trends, local schools and crime rates to enhance valuations.
- Collaborated closely with architects and builders while assessing new construction projects leading to precise cost estimations.
- Advised clients on ways to increase their property values, based on careful assessment of renovation potential.
- Facilitated discussions between buyers and sellers, aiding in negotiations.
- Ensured compliance with legal requirements during the entire valuation process.
- Achieved fair market value estimates by studying property conditions and comparing similar properties.
- Maintained utmost professionalism whilst responding to queries from clients about their individual report findings.
- Estimated values using approved formulas and outlined calculations.
- Created detailed and accurate reports covering value, estimation factors and methodologies.
- Stayed updated on market trends for local area and similar property types.
- Inspected damaged property, determining extent of loss and liabilities for insurance claims.
- Researched land, property and market values to complete estimations.
- Photographed building interior and exterior to properly document features and conditions.
- Interviewed property owners, collecting key ownership and condition data for reports.
- Maintained property database with new maps, inventory data, feature descriptions and relevant exemptions.
- Prepared thorough, accurate valuations of special purpose property such as Fuel Stations, Wharf, School Buildings and Church Buildings.
- Weighed important factors about location, trends and estimated replacement costs to accurately value property.
- Documented details about property construction methods and materials to facilitate accurate assessments.
Education
Bachelor in Land Studies -
Papua New Guinea University of Technology
Papua New Guinea 2002.03 - 2005.11
National High School Certificate -
Port Moresby National High School
Papau New Guinea 2000.01 - 2021.11
High School Certificate -
Gerehu High School
Papua New Guinea 1996.01 - 1999.11
Primary School Certificate -
Gerehu Community School
Papua New Guinea 1990.01 - 1995.11
Skills
- DUE DILIGENCE
- MARKET ANALYSIS
- PROPERTY INSPECTION
- RENTAL YIELD CALCULATION
- VALUATION REPORT WRITING
- COMPARATIVE MARKET ASSESSMENT
- REAL ESTATE LAWS AND REGULATIONS
- PROPERTY VALUATION METHODS
- RESIDENTIAL PROPERTY ASSESSMENT
- INDUSTRIAL PROPERTY ASSESSMENT
- COMMERCIAL PROPERTY ASSESSMENT
Affiliations
- Playing Hockey
- Playing Soccer
- Listening to Music
- Watching Movies
Accomplishments
PNGIVLA - Provisional Associate Member
Australia Property Institute - Member
Co-Owner of my Valuation Business
Certification
Certificate - Introduction to Real Estate.
Certificate - Property Management Services Stage -1.
Certificate - Introduction to Property Management.
Certificate - Implement Personal Marketing Plan, Establish and Expand Client Base, Market Property & Provide Property Appraisal.
Certificate - API Ethic and Rules Module - 2023.
Certificate - International Valuation Standards Training Module - 2022-2023.
Certificate - Risk Management Module - January 2024.
References
References available upon request.
Timeline
Associate Valuer
HomeBella Property Valuation Services
2025.06 - Current
Assistant Valuer
The Professional Valuers of PNG Limited
2006.01 - 2025.05
Bachelor in Land Studies -
Papua New Guinea University of Technology
2002.03 - 2005.11
National High School Certificate -
Port Moresby National High School
2000.01 - 2021.11
High School Certificate -
Gerehu High School
1996.01 - 1999.11
Primary School Certificate -
Gerehu Community School
1990.01 - 1995.11