MMP122 - Introduction to Property Development
Unit details
| Year | 2017 unit information |
|---|---|
| Enrolment modes: | Trimester 2: Burwood (Melbourne), Online |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Previously coded as: | SRP122 |
| Unit chair: | Kang Mo Koo |
| Prerequisite: | Nil |
| Corequisite: | Nil |
| Incompatible with: | Nil |
| Contact hours: | Campus: 1 x 2 hour class, 1 x 1 hour seminar per week Cloud (Online): Online independent and collaborative learning activities including 3 scheduled online seminars |
Content
Students progressively explore the issues that affect development of land and redevelopment of existing properties through an understanding of local and regional planning controls, procedures and legislative policy and precedent. The unit covers the principles of urban and regional planning with environmental and heritage protection strategies also discussed. Information about land title, registration, zoning and development application processes, including land suitable for subdivision and appeal mechanisms, underpins the unit and assists with the development of effective urban policy and community consultation responses. This unit aims to give students the knowledge and skills to be able to operate as a property professional in the area of development advice and decision-making in property development. It comprises the development process and the major players, concept of highest and best use, time value of money, the decision to build, property market research and analysis, appreciation of investment and market valuation methods, evaluation of land suitable for subdivision, development appraisal including residual analysis and cash flow modelling, price and worth, as well as risk, return and risk analysis.
Assessment
Assessment 1 (Individual) - Case Study report (2000 words) - 25%
Assessment 2 ( Group of 3) - Case Study report (3000 words) - 25%
Examination (2 hours) - 50%
Hurdle requirement: achieve at least 50% of the available marks in the examination
Unit Fee Information
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