The Cook Government has introduced significant reforms aimed at enhancing access to land valuation services for consumers in Western Australia. A new Bill presented to Parliament proposes amendments to the Land Valuers Licensing Act 1978, marking a pivotal change by allowing residential property valuers to obtain a license specifically for their field for the first time.
The proposed legislation aims to improve productivity within the industry while simultaneously reducing costs for consumers. Currently, the licensing framework in WA only permits valuers to assess all types of land, including residential, commercial, and industrial properties. This broad requirement has limited many highly skilled residential valuers, particularly those certified by the Australian Property Institute (API), from practicing in the state.
Under this new framework, the Commissioner for Consumer Protection will have the authority to grant licenses that restrict the holder to residential valuations. This change will enable certified residential valuers, including those holding the Certified Practising Valuers – Residential (CPV – Residential) designation, to operate legally in WA. The API has expressed strong support for these reforms, which they believe will promote professionalism within the residential valuation sector.
Economic Impact and Employment Opportunities
The amendments are expected to create new employment opportunities within WA’s property sector. They could also attract skilled workers from other states and countries, further enriching the local workforce. According to Tony Buti, the Minister for Commerce, these reforms highlight the capability of residential valuers who specialize in their field and aim to dismantle barriers that have hindered their ability to work in the state.
“This is a practical change that supports industry, improves consumer access, and strengthens our workforce,” Buti stated. “By enabling residential valuers to be licensed, we’re unlocking new employment pathways and supporting the property sector with more flexible and responsive regulation.”
The Bill also includes updates designed to modernize and simplify the licensing processes, ensuring that they are more efficient and accessible. This modernization is a crucial step in adapting to the evolving needs of the property market and enhancing the overall quality of valuation services available to consumers.
In conclusion, the reforms introduced by the Cook Government represent a significant advancement in the regulation of land valuation services in Western Australia. By allowing qualified residential valuers to obtain specialized licenses, the government aims to improve access for consumers while fostering a more competitive and skilled workforce in the property sector.
