Technical Information Paper (TIP) – Valuations for Mortgage and Loan Security Purposes released
The Australian Valuation Standards Committee (AVSC) has updated the API TIP Valuations for Mortgage and Loan Security Purposes (ANZVTIP 12) to incorporate NZIV requirements so that we have a combined Australian and New Zealand paper. This TIP is effective from 1 January 2020.
The updated TIP replaces ANZVTIP 12 in Australia and New Zealand.
The purpose of this TIP is to provide information to Valuer Member of the Institutes who provide valuation services for mortgage and loan security purposes. Members undertaking valuations for mortgage and loan security purposes must do so to a standard of professionalism and skill required and consistent with membership of the API and in compliance with the law.
The API is committed to the promotion of best practice within the property industry and welcomes feedback to help this goal be achieved.
For any enquiries please email [email protected]
To download a copy of this TIP, click here.
Updated rules for NSW Property Agents
Updated rules for real estate agents, stock and station agents, strata managing agents, and assistant agents start on 1 September. The laws incorporate feedback from the public consultation on the…
New Build to Rent Valuation Guidance Paper
The Australian Property Institute is excited to be able to deliver a new valuation guidance paper to support an evolving new asset class – Build to Rent. With the continued…
Contamination Issues ED
The API is systematically reviewing its standards to meet the changing and future needs of Members. The API has undertaken a review of APGP403 Land Contamination Issues and produced an…
Upgrade of the Residential Desktop Assessment Supporting Memorandum
The API is focused on the future of the profession and is systematically reviewing its robust standards to respond to changing market conditions, property values, data set changes and capacity…
Professional Indemnity Insurance Environment
In a challenging professional indemnity market, the API constantly strives to engage with industry stakeholders to support its Members to obtain competitive and more favourable Professional Indemnity Insurance (PII) policy…
Relaxation of Lender Restrictions
In a challenging professional indemnity market, the API is always looking for favourable PII policy terms for its Members. Through continued discussions with Woodina, Michael Wood, has informed us, for…