Annual Report 2012 - The Australian Property Institute

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The Australian Property Institute Annual Report | 2012Western Australian DivisionI have great pleasure in presenting the 81st annual report ofThe Australian Property Institute (Inc) Western Australian Division.For many reasons, 2012 has been a significantyear for the Australian Property Institute. It hasseen the WA Division deliver its 11th straight profit,witnessed yet another rise in our cash reserves,and marked one of the most important changes indecades with the move to 215 Hay Street Subiaco.In the 1980s, API Western Australian Divisionalmembers showed excellent foresight when theycontributed their own funds toward the purchaseof our Charles Street premises, envisaging thatthe API would need its own property if we were toserve the membership well.They were right and we did — so for 30 yearswe used 27 Charles Street as a base to providethe training and services our membership required.But in 2012, the Divisional Council again stood ata critical moment and looked to the future, and wesaw the need for a change.The city has consolidated, there are greaterdemands on our members than ever beforeand there are challenges that membershiporganisations such as API need to face. So whenthe opportunity arose to co-locate with REIWA, wetook it and I believe this decision will have positiveramifications for many years to come.We now have the opportunity to retainCharles Street as a flexible asset of the divisionalmembership, in the knowledge that there are bigplans for South Perth in the future.We have also been able to join with REIWA,the Planning Institute of Australia and StrataCommunities WA in a single building for the firsttime. This gives us the chance to bring the keyrepresentative groups for property professionalstogether, in one central, visible location, which canonly strengthen the work we do.The move has been part of our concertedeffort to elevate the profile of the Institute andto expand the services we can offer both toconsumers and members.Already, we can see the benefits of the closerworking relationship through API Pricefinder, anapp developed in collaboration with REIWA thatwill become the preferred data system for all APImembers in Western Australia.With the economy and property marketrecovering in 2012, we also took advantage ofthe improved sentiment to expand the servicewe provide to our members through our CPDProgram.By developing the program of events and bybuying in the expertise we needed to promotethem properly, we have increased our turnoutamong members and a wide cross-section ofthe business community – who see value in theexcellence and expertise on offer.Lastly, 2012 was another year in which ourCouncillors, staff and volunteers continued in theirtireless work.40
The Australian Property Institute Annual Report | 2012I’d like to extend my personal thanks to allinvolved for this effort, as it ensures API remainsfocused on delivering services and the needs ofmembers.We acknowledge the passing in 2012 of twoDivisional Past Presidents: Kevin Quinn, who wasPresident from 1967 to 1969, and Joe Moylan whowas President from 1985 to 1987. Additionally wereflect on the passing of John Worthington whowas instrumental in developing the course of studyfor Valuers, firstly as a Diploma Course and until itbecame a University Degree in 1988.but as we go forward, we need to recognise thatwhat we offer the consumers and the propertyindustry as an Institute is important, and weshould value our services accordingly.Dennis VolkPresidentAustralian Property Institute (WA Division)So what can we expect looking forward in2013? While we can see that confidence hasreturned to the market, a little foresight warns usthat conservatism is riding shotgun.Our chief goal for 2013, therefore, is to providecontinued stability in a time when stability isuncertain.It demands that we work to improve andincrease the services to members and to ensurethey get value for their money. It requires us tomaintain member equity and continue to workhard on their behalf.Most importantly, I believe that 2013 should bea year when we again place the right value on ourown professional services.It has been too easy in the past to undervalueour skills, expertise, knowledge and experience,41
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Annual Report 2012 - The Australian Property Institute

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