WBP and MVS valuation firms form Austwide Valuations in hopes of setting industry benchmark

Privately owned valuations groups WBP Property Group and MVS National Valuers have formed a new nationwide alliance called Austwide Valuations.

Austwide Valuations aims to set a new benchmark for valuations standards and provide greater service and coverage for each group’s clients.

MVS national spokesman Jeff Keane says Austwide is a national initiative to improve the standard of residential real estate valuation services in Australia.

“Austwide ensures valuation products and services are compliant with lawful and regulatory guidelines, reliable and accurate and of a high professional standard,” says Keane.

Chief executive of WBP Property Group Greville Pabst says the Australian valuation industry is rapidly evolving and many smaller regional and rural valuation firms are struggling to meet current compliance standards.

Austwide Valuations membership is open to all Australian valuation firms, with the aim of reducing insurance risk and improving reporting standards.

“Austwide Valuations has developed a quality assurance certification standard known as AustwideQA. The certification standard is designed to monitor and manage quality control, risk compliance and performance under a strict code of conduct for Austwide members,” says Keane.

WBP Property Group and MVS National Valuers will continue to operate independently.