Cladding on Buildings
This Valuation Protocol was prepared in response to requests from both valuers and the lending industry to provide clarity and guidance on the reporting of ‘cladding’ on buildings to ensure a consistent approach across the industry to enable the users of the valuation reports to make informed decisions or undertake further investigations into identified issues.
While the papers prepared relate to mortgage security valuations of residential units/apartments in medium or high-rise apartment buildings/developments (that is, above three (3) stories) for banks/lenders, the general principles outlined also apply to non-mortgage valuations of both residential apartment buildings/developments and high rise non-residential properties where ‘cladding’ is utilised on the exterior of the building.
The following are the Valuation Protocols published by the API in reserve date order.
| Title | Effective Date | Withdrawn Date |
|---|---|---|
| Valuation Protocol - Cladding on Buildings | 3 September 2021 | |
| Valuation Protocol - Cladding on Buildings | 1 May 2019 | 2 September 2021 |
| Valuation Protocols - Cladding on Buildings (amended 10 October 2018) | 10 October 2018 | 31 April 2019 |
| Valuation Protocol - Cladding on Buildings (amended 27 June 2018) | 27 June 2018 | 9 October 2018 |
| Valuation Protocol - Cladding on Buildings (amended 30 March 2018) | 30 May 2018 | 26 June 2018 |
| Standards Update - 'Cladding' Issues | 29 November 2017 | 29 March 2018 |
