PropertyPRO 2019 (updated 12 June 2019)
The API has undertaken a full review of the API PropertyPRO Residential Valuation & Security Assessment Supporting Memorandum.
The API would like to thank the members of the Residential Standards sub-Committee for their work on this project over the past few years as well as those Members and industry stakeholders who provided feedback and input into the revised Supporting Memorandum and output reports.
This review has resulted in a ‘new’ PropertyPRO Supporting Memorandum (PPSM), including a number of updates, changes and additions as well as eleven (11) Valuation Reports for different residential property types and a Progress Inspection report.
Examples of the eleven (11) different output report templates and the one (1) progress report template that make up the suite of reports that are noted in the ‘new’ PropertyPRO Supporting Memorandum are available at the links at the base of this page. These report templates will be subject to further fine tuning and the API will notify all Members and industry stakeholders when the final versions are published.
The guidelines for the use of the API and PropertyPRO logos in the PropertyPRO output reports are also available below. There are several excel files available in the Resources below, including ‘PPSM fields’ which contains all the fields and their functionality in the proposed industry standard user interface for each output report.
The API and the IT developers at ValEx/CoreLogic have released two (2) industry standard webservices schemas to facilitate the transfer of report data for the Valuation Reports and the Progress Report. The two (2) webservices schemas are available in the Resources below.
The ValEx/CoreLogic IT developers are now close to finalising the industry standard user interface, which will be subject to API review and testing to ensure it complies with the API guidelines and Resources for the ‘new’ PropertyPRO Supporting Memorandum and suite of reports.
The final 'draft' version of the PPSM document will also be updated with minor amendments identified during the IT build process. An interium 'draft' version of the PPSM is available in the list of Resources below. We will re-publish a final version in coming months including an effective date of 1 March 2020.
The current PropertyPRO Residential Valuation and Security Assessment Supporting Memorandum remains in effect until 1 March 2020.
Please do not hesitate to contact us at email@example.com if you have any queries regarding the ‘new’ PropertyPRO Supporting Memorandum or its implementation and release.
- House - TBE
- Unit - TBE
- Vacant Land
- Land with Minor Improvements
- Land with Minor Improvements - TBE
- Houses - Two on One Title
- Houses - Two on One Title - TBE
- Units - Two on One Title
- Units – Two on One Title – TBE
- Progress Inspection Report
- PropertyPRO Document Header Guidelines – RVSA Report
- PropertyPRO Document Header Guidelines – Progress Inspection Report
- PPSM Fields (Excel file) - updated 11 June 2019
- PropertyPRO Valuations Scheme V1.0 (Excel file) - dated 19 February 2019
- PropertyPRO Progress Scheme V1.0 (Excel file) - dated 19 February 2019
- PPSM final ‘draft’ – released 17 December 2018