Benefits to Members
Membership to the AVI provides benefits whether you are a current student to become a
property valuer or an existing professional working within the industry. The AVI is owned
and controlled by members who are all registered property valuers proud to be part of a
highly ethical valuation body ...read more
Chairman's Address to Members
The current global financial crisis has impacted many businesses and the Australian Valuers
Institute is not exempt. We thank all existing members for their continued membership and
support. It is in times such as these, with continued pressure being placed upon valuers to
deliver above and beyond with often greater risk and yet unrealistic financial recompense,
that the role of an institution solely dedicated to representing the well being of the valuation
industry is paramount.
The AVI is the only institution in Australia that has existed solely to serve the best interests
of property valuers in NSW for over 70 years and we continue to do so. The AVI now has
plans to build upon that history and expand, providing representation to valuers on a
national basis. The AVI retains a name that is linked very closely to the provision of quality
valuation services and the Institute is constantly called upon to recommend valuers in
geographic locations all over Australia. We need members in other states to refer valuation
work to. Whilst the AVI has to date only operated in NSW, we now see this as the time to
expand into all other States and this will allow the AVI to solely serve property valuers
The AVI website continues to be a site that most consumers nationally and internationally
hit when looking for valuation services not only in NSW, but all over Australia. Board
members are constantly called to give recommendations for appointing valuers in other
states. We would now like to extend this referral service to valuers throughout Australia
who become AVI members.
The AVI intends to change its constitution to allow membership of valuers from throughout
Australia. Should this occur, the AVI would be able to refer interstate enquiries to local
valuers who are members of the AVI.
All members will be listed on a free AVI website register for all consumers to access and call
valuers directly if preferred. Member profiles will be the next step. Specific specialised
valuation requests will be referred to valuers with appropriate specialisations.
CPV and CPD
Together with your AAVI or FAVI post nominal membership, the AVI issues valuers meeting
specific criteria with a CPV (Certified Practicing Valuer) certificate classification as well as
CPD (Continuing Professional Development) certificates. The enhanced AVI website will
provide more information regarding CPV and CPD.
Recent AVI discussions with Genworth (One of Australia’s largest Mortgage Insurers) advise
that Genworth will accept membership of the AVI along with CPV compliance in order for
Valuers to provide services in certain Australian jurisdictions. The AVI agrees with Genworth
regarding the need for mortgage valuers to have acceptable experience before undertaking
this type of valuation service. The use of CPV and CPD will facilitate a satisfactory
educated/experienced level of valuer to meet these Mortgage Insurer requirements.
Operation of the AVI
Following the constitutional changes, the AVI will remain a not for profit organisation. This
means that we aim for all of our operating costs to be break even. This has been the mode
of operation for 70 years and this will remain the case. The AVI currently has no employed
staff and the dedicated board members give their time without fees. This will not change.
Membership, CPV, CPD, conferences and seminars should never be used as an opportunity
to make institutes wealthy at the expense of members. For example:
• Membership at $300 & $400(with PSC) per annum and CPV and CPD certificates at $35
each just meets our operational costs.
• Generally our full day conferences with 5 speakers run at a cost of $165 per delegate
including morning and afternoon tea, lunch and the facilities. This is break even.
We understand that the majority of our members are not registered for GST and cannot
benefit from the GST they currently pay as part of their membership renewal. In this regard
the AVI as of 1 July 2009 will be deregistered for GST and will no longer need to include a
GST component to renewal fees.
We understand that in the current market, the need to balance both constraints on members
time with the need to remain current to changes within the industry. As such research and
development is currently taking place for the facilitation of online CPD activities, again to be
at a reasonable cost.
If our valuer colleagues from other states get on board and a greater national membership
is created, I see no reason why the AVI would not be in a position to reduce yearly
membership fees further. There’s a first.
To date, we have expressed our intention to expand the AVI to some valuers in Queensland
and the response was overwhelmingly positive. I am informed that Valuers in Queensland
want an Institute that solely represents valuers and this gives them an alternative to existing
If the other states respond in a similar manner through membership application, the AVI can
truly represent the interests of valuers nationally. It takes the support of valuers who are
interested in their future to make this work.
Limited Liability Scheme
The NSW members would be aware that the AVI is the only institution that participates with
the Professional Standards Council (PSC) to provide a limited liability scheme for valuers
and their respective businesses. Like Solicitors, Barristers, Engineers and Accountants,
Valuers have the ability to cap their personal liability in the event of a claim.
The AVI is currently in discussion with the PSC to explore the consideration of duplicating
the NSW scheme for other states if the demand exists into the future. We are also
discussing changes with PSC to allow greater flexibility for greater member participation.
Valuers should have their personal liability capped like other professions and your
membership will allow this protection to expand into other states.
The AVI Board believes its role is to serve the best interests of property valuers through the
dissemination of information, education, standards, representation and provision of networks
and systems to refer valuation work.
The Board sees a correlation between the mentoring of students and new graduates as being
vital in developing a strong industry and association. Given there are many valuers with
many years of experience, we are seeking to tap that knowledge by developing a forum for
networking with students or younger valuers. This is one way to share your knowledge and
reduce risk in the industry.
The Way Forward
In order to expand the AVI to a national operation, the Board of the AVI seeks the support
of the existing membership through a special resolution. This resolution would allow the AVI
board to update and make the constitutional changes that will allow national membership.
If you are an existing financial member, please be sure to look out for the details regarding
our next conference. It is intended to use this opportunity with members in attendance to
vote for this constitutional change. It is very important that you participate in this process to
ensure the ongoing viability of the AVI.
Other Membership Matters
If you are an existing long term associate member, please consider an upgrade of your
membership status to fellow when renewing this year. Your fees would remain the same.
We do not charge greater membership fees for your greater experience.
We remind all existing unfinancial members to renew membership as soon as they are able
and to take advantage of the CPV classification and CPD certificates available. If you have
let your membership lapse for 2008, please use this as an opportunity to renew your
membership as of the 2009 renewal date without the necessity to pay outstanding previous
years renewal fees.
If you are aware of colleagues who are not yet members of the AVI, but who may be
interested in joining the Institute, please pass on this correspondence and the attached
Membership form for them to return to the AVI.
Thank you for your ongoing support of the Institute. I look forward to continuing to work
with you to ensure its ongoing viability and growth. I have represented the industry on the
board of the AVI for 16 years. I have a serious passion for representation and commitment
to our valuation industry. I would like to welcome any valuers interested in joining the AVI
to make application.
Australian Valuers Institute
Risk Management Guidance
There are varying levels of awareness of AVI members about loss prevention/risk
management issues and techniques, including the need for AVI members to understand
the legal obligations they face in day-to-day practice.
The risk management guidance notes have been prepared to provide AVI members with
an overview of risk management issues to be considered in relation to all aspects of AVI
members’ practices with a view to increasing and heightening the levels of awareness of
risk management. It is hoped that in reviewing these guidelines, AVI members will have
a raised awareness in relation to these issues ...read more