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Phil Western | Colliers | Sydney CBD

Phil Western

CPP, CPV, FAPI, FRICS

National Director, Government Property Services

Valuation & Advisory Services

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About

Professional Summary

Phil leads the National Government Property Services – Valuation and Advisory team in Australia, delivering a diverse range of services to our many Government clients, at a Federal, State/Territory and Local Government level.

With over 30 years’ experience in the Australian and New Zealand Government property sector, Phil brings an extensive, in-depth understanding of Government property, valuations, asset strategy, Government relations, risk management, quality assurance, governance and a diverse knowledge of a range of regulations and legislative frameworks.

Phil has specialist knowledge and expertise in the valuation of Government property assets for the purposes of financial reporting, Just Terms compensation, asset realisation and purchase and disposal requirements.

Additionally, Phil also provides advice to clients on strategic asset management, as well as property tax advice (including valuations for Council rating and State land tax).

Of note, Phil was the New South Wales Valuer General for 11 years until late 2014. In this role, Phil was responsible for a valuation system that provided annually in excess of $3 Billion in land tax revenue for the State government and in excess of $4 Billion in rates revenue for local government councils. Phil was responsible for many significant enhancements to the valuation system, including improved transparency of valuations and supporting information being provided to landowners. 

Accomplishments

  • Valuation of the NSW Crown Land Estate (CLE). Comprising approx. 42% of the NSW total land area, the CLE occupies approx. 34 million hectares of land, with a diverse range of uses from reserves through to commercial property (including marinas, kiosks, restaurants and caravan parks). It also includes the Three Nautical Mile zone (3NM zone). The 3NM zone comprises land below the high-water mark along the coastline of NSW and extending three nautical miles into the ocean. The assessed fair value of the CLE is approximately $12.5 Billion.
  • In 2020 Phil, has overseen and provided expert input to asset valuations for the purposes of financial reporting, including Federal Department of Finance, Water NSW, NSW Department of Planning, Industry and Environment, and City/Country Rail (NSW).
  • In 2016, Phil oversaw the valuation of Snowy Hydro Limited for the purposes of financial reporting. This complex and geographically dispersed property asset required the valuation of the land and buildings, as well as the plant and equipment, much of which was very specialised. The project was completed on time, to the required quality level.
  • In 2017-2018, Phil oversaw financial reporting valuations for the Department of Prime Minister and Cabinet. The project involved properties located in relatively remote locations such as Nhulunbuy and Kalgoorlie. It also involved the valuation of well-known property holdings including Kirribilli House in Sydney, and The Lodge in Canberra. The assignment also included the valuation of fine arts, as well as antique furniture, paintings, and other artefacts.
  • In 2018, Phil oversaw the valuation of the valuation of the NSW National Parks and associated reserves and easements for the then Office of Environment and Heritage. It involved the valuation of approx. 936 properties with a total fair value in excess of $2.1 Billion. The project was completed on time and passed close and detailed audit scrutiny.
  • Phil also had oversight of the valuation of Fire and Rescue - NSW property assets. Principally this involved the valuation of land and building occupied by fire stations, offices, training centres and heritage buildings. Again, these valuations and required reporting were completed on time and to the client’s satisfaction.

Education

Bachelor of Agricultural Commernce (Valuation and Farm Management), Lincoln College, University of Canterbury, New Zealand

Memberships & Involvements

Fellow of the Australian Property Institute (FAPI)

Fellow of the Royal Institute of Chartered Surveyors (FRICS)

Certified Practicing Valuer (CPV)

Certified Property Practitioner (Government) CPP(Gov)

National President - Australian Property Institute (2011 & 2012)

Phil is currently one of eight (8) global members who is appointed to the International Valuations Standards Council (IVSC) Board responsible for Membership and Standards Recognition.

Member of the International Property Tax Institute (IPTI) Global Advisory Board. IPTI is IPTI is a not-for-profit organization with a goal to advance and foster property taxation and assessment ideals on an international level.

 

Services

Service Lines

Valuation and Advisory Services

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