At Ray White Valuations, we prioritise risk management and compliance as integral to our valuation process. Our comprehensive risk management framework includes a rigorous quality assurance process, ongoing education and training for valuers through recognised platforms like the Australian Property Institute (API) and Property Council of Australia (PCA), and templated valuation and advisory reports that are continuously updated to reflect changes in bank, lender, and regulatory body requirements. This commitment ensures the consistency, accuracy, and integrity of our reports.
Our Risk & Compliance process begins at the quoting stage, where the Risk Committee conduct a thorough review of the initial quote request by answering a series of valuation risk-based questions. This assessment identifies and eliminates potential conflicts of interest, clarifies the basis of valuation, and considers the asset type and locality to ensure that the most suitable valuer is selected for the engagement.
By utilising a combination of independently sourced and client-provided information, our valuers compile detailed reports that clearly outline property values, using key influencing factors like comparable sales and leasing data from a variety of databases, as well as our wide network of local estate agents. Our expert valuers employ the most appropriate industry-accepted methodologies for the asset type and basis of valuation, including comparative market analysis, income, and cost approaches. This comprehensive strategy ensures our reports are precise and reflective of current market dynamics, keeping clients well-informed throughout the process.
Our templated reports are meticulously constructed to comply with stringent statutory and regulatory standards, fully aligned with Australian Property Institute (API) requirements and the highest bank standards for each asset type and scenario. To ensure they withstand third-party scrutiny, every report undergoes a rigorous two-stage peer and partner review process before being countersigned and approved for client release.