New trans-Tasman alliance for property institutes

The property institutes of New Zealand and Australia this month announced they have signed a formal strategic alliance. The agreement commits the two institutes to align their professional standards and services, and to provide a common professional development programme to broaden members' expertise.

Thursday, July 27th 2006, 12:00AM

by The Landlord

The Property Institute of New Zealand (PINZ) has over 3,000 members, representing a wide range of sectors - from property asset management and valuation to financial analysis and project management.

The Australian Property Institute represents approximately 7,500 professionals.

"Without a doubt the financial markets of both countries are coming closer, with large investment flows coming into New Zealand, particularly from superannuation funds, and the two property markets are becoming integrated," says PINZ president, Gerard Logan.

"Increasingly, we are becoming an Australasian property and capital market, making the need to strategically align ourselves enormously important."

"New Zealand property professionals are more often working in both markets, and investment in New Zealand is coming from both sides of the Tasman. That makes it vital for us to develop a formal strategic working relationship to improve the delivery of services to members."

Services to be enhanced include professional practice standards, continuing education, improved journals and publications and using technology for greater sharing of knowledge and information.

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