Residential Valuation Standing Instructions

Australian Banking and Finance Industry (ABFI) Residential Valuation Standing Instructions

Version 2.1 (1 September 2018)

The Residential Valuation Industry Group (RVI) has released a revised version of the ABFI Residential Valuation Standing Instructions Version 2.1 which came into effect on 1 September 2018.

The new version (ABFI RVSI V2.1) includes a number of changes throughout the document to provide clarity and consistency to Members and Instructing Parties.  Items of note include further guidance with regards to Suitable (In Scope) and Unsuitable (Out of Scope) property types, definitions for ‘off the plan’ purchases, existing/continuing/permitted use, relocatable (and off site) manufactured homes and rural lifestyle properties.  Several items have been added to VRA 1 and the minimum requirement for two photos for all Vacant Land Reports. 

Resources

To register for the Residential Valuation Standing Instructions Version 2.1 please click here.