Australian Banking and Finance Industry (ABFI) Residential Valuation Standing Instructions
Version 2.0 (October 2017)
The Residential Valuation Industry Group (RVI) has prepared a revised version of the ABFI Residential Valuation Standing Instructions Version 2.0 which came into effect on 2 October 2017.
The new version provides clarity and includes a number of changes throughout the document such as PropertyPRO General Matters (in and out of scope clarification), preferred order of sales evidence and clarity around construction valuations definitions. Members are advised to review the entire document to ensure they are aware of all changes that have been made to the Standing Instructions.