| Semester 2, 2023 Springfield On-campus | |
| Units : | 1 |
| School or Department : | School of Surveying & Built Environment |
| Grading basis : | Graded |
| Course fee schedule : | /current-students/administration/fees/fee-schedules |
Staffing
Course Coordinator:
Overview
Surveyors, Planners and GIS professionals are inextricably involved in the process of property development. To appropriately fulfil their roles, they need a thorough understanding of developer motivations, risks and opportunities.
Real property is both a necessity for living and a potential source of economic growth and profit. This course provides an overview of property as an economic asset and an investment vehicle. It highlights the risks and opportunities that come with developing residential property for the market and introduces students to the development process from conception to construction to disposal. The course will describe the basic principles of land valuation for land markets and statutory purposes that is an essential tool for rational decision making in property development.
Course learning outcomes
The course objectives define the student learning outcomes for a course. On completion of this course, students should be able to:
- describe the factors affecting the supply of and demand for land and development
- apply knowledge of the principles of valuation for land and improvements on land
- analyse the potential of a site for development
- apply property development appraisal and feasibility techniques
- compare property development funding and financial structures
- explain decision constraints on construction and disposal alternatives
Topics
| Description | Weighting(%) | |
|---|---|---|
| 1. | Factors affecting property development | 25.00 |
| 2. | Property and land valuation | 25.00 |
| 3. | The Investment decision | 20.00 |
| 4. | The Development decision | 30.00 |
Text and materials required to be purchased or accessed
Student workload expectations
To do well in this subject, students are expected to commit approximately 10 hours per week including class contact hours, independent study, and all assessment tasks. If you are undertaking additional activities, which may include placements and residential schools, the weekly workload hours may vary.
Assessment details
| Description | Group Assessment |
Weighting (%) | Course learning outcomes |
|---|---|---|---|
| Report | No | 25 | 1,2 |
| Planning document | Yes | 25 | 4,5 |
| Tech and/or scntific artefact | No | 50 | 1,2,3,4,5,6 |