As announced on 5 February 2020 the PropertyPRO 2020 Resources, including the PropertyPRO Supporting Memorandum (PPSM) document and the associated output reports have been finalised and are published on the API PropertyPRO 2020 Resources webpage at, click here.

The effective date for the ‘new’ PropertyPRO Supporting Memorandum, including full adoption of the report templates, is Sunday 5 April 2020.

The API has updated the wording in the Countersignatory Declaration in the sample output reports and the PPSM to exactly match the wording contained within Appendix C – Supervision Guidelines for APIV Members which also comes into effect on 5 April 2020.

The current PropertyPRO Residential Valuation and Security Assessment Supporting Memorandum remains in effect until 5 April 2020. A PDF version of the current version is available here.

As per previous advice the API has chosen Sydney based IT company, PropertyPRO Technology Pty Ltd to develop, host and support a new version of PropertyPRO Online to be known as PropertyPRO+ which is the final stages of development and will produce reports in full compliance with the PPSM, as an initial offering, from 5 April 2020.  Further information about the PropertyPRO+ product can be obtained by emailing [email protected] or at register.propertyproplus.com.au.

Please do not hesitate to contact us at standards if you have any queries regarding the ‘new’ PropertyPRO Supporting Memorandum or its implementation and release.