Outgoing Australian Property Institute (API) President Phil Western says continuing tough times in the property industry mean membership organisations like the Institute will be even more important in 2013.Mr Western made the comments at the recent Queensland Property Conference, held on the Gold Coast late last year.
He said the property industry was the largest in the national economy, contributing 12.6% of GDP, higher than either the mining or manufacturing sectors.
In order to keep the industry strong through tough economic times, property professionals would need to rely on membership organisations like the API more than ever before, describing the Institute as “facilitating aspirational motivation for members to improve their professional standing”.
He highlighted the need to respond to increasing diversification in the industry, as well as the facilitation of expanded networking opportunities. He also stressed the importance of the Young Property Professionals (YPP) program, describing young property professionals as the future of the API and the industry itself.
“We’re (the property industry) diversifying. We’re more than valuers – we’re property consultants, with 40% of our membership now comprising non-valuers. We need to engage with industry, particularly the finance and insurance industries,” Mr Western said.
“We need to be working even more in partnership with the education community and have a new focus on encouraging relevance, quality and innovation.
“The API is achieving this through the creation of partnerships, providing a ‘home’ for members, improving support and enhancing skills, knowledge and expertise
“We’re improving communications, with our new website, upcoming events website, Find a Property Professional (FPP), education programs, specialised industry events, increased media presence and the Australia and New Zealand Property Journal.
He encouraged members to provide honest feedback in relation to FPP and urged members to register.
Mr Western’s address at the conference was one of his last official engagements as API President. More than 650 delegates attended the event, held in November 2012. The program featured speakers who presented on a variety of issues including the economic outlook, native title compensation, transit orientated development, housing affordability and the 2018 Commonwealth Games.
Plans for the 2013 conference are already well underway. Once again, the two-day event will be held at Jupiters Hotel & Casino on the Gold Coast, November 1-2. Attendance at the event has been consistent for the past several years and organisers look forward to a program of quality speakers and networking opportunities.
The Queensland Property Conference is the largest conference run by the Australian Property Institute anywhere in Australia.
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