Design and Property Studio (PROP30003)
Undergraduate level 3Points: 12.5Not available in 2017
About this subject
Overview
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This subject is undertaken in a studio environment, and builds upon prior property subjects and consolidates understanding of business planning and objectives, site analysis, statutory planning analysis, property markets, market analysis, & marketability analysis, construction and other development costs, financial feasibility, sensitivity analysis, risk analysis, development funding, property valuation, the broader urban planning concept and requirement for sustainability in development.
Students, working in small groups are required to source and analyse potential property development sites, carry out high level feasibilities, choose an optimal business case, develop multiple design / development options for one site, carry out detailed site, market and marketability analyses, statutory planning, financial feasibility and risk analysis to determine whether a project should proceed beyond feasibility stage.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- Demonstrate their understanding of the design process and the role that property experts play in leadership and management of transdisciplinary project design and development;
- Demonstrate their emerging analytical, creative, flexible and multi-disciplined approach to the development of business cases for the design conceptualisation and feasibility of development opportunities;
- Demonstrate their understanding for the need to develop a strategic business plan that will determine an entity’s course of action;
- Demonstrate their capacity to source significant potential development opportunities, to undertake development l feasibility analysis.
- Prepare a detailed feasibility report for board of directors that substantiates and supports recommendations;
- Orally present as a team at critical stages to communicate progress and decision making to board of directors;
- Develop greater understanding of the studio-based learning environment, working in groups, applying multi-faceted skills through analysing real world case studies, interacting with stakeholders including planning authorities, construction managers, general public and communicating outcomes and results in a business environment.
Generic skills
Upon successful completion of this subject the student will have had the opportunity to develop the following generic skills:
- Analytical skills
- Communication skills
- Problem solving skills
- work collaboratively and productively in groups and across disciplines;
- apply critical and analytical skills and methods to the identification, evaluation and resolution of problems;
- engage confidently in self-directed study and research;
- communicate ideas effectively in written, graphic and oral formats;
- operate effectively in multicultural and diverse environments;
- use appropriate technologies;
- critically evaluate new ideas, research findings, methodologies and theoretical frameworks in their discipline; and
- recognise and understand the ethical responsibilities of individuals and organisations in society.
Last updated: 14 March 2025
Eligibility and requirements
Prerequisites
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ABPL30059 | Property Case Studies | Semester 1 (On Campus - Parkville) |
12.5 |
| PROP30001 | Valuation of Land and Buildings | Not available in 2017 |
12.5 |
Corequisites
None
Non-allowed subjects
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ABPL30045 | Property Analysis Studio | Semester 2 (On Campus - Parkville) |
12.5 |
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 14 March 2025
Assessment
Additional details
- Group Task: a staged preparation of a detailed feasibility report including oral presentations and three staged submissions due in Weeks 4, 7 and 12,(70%)
- Breakdown:
- First practice oral presentation, includes audit by Academic Skills Unit, due week 4.
-Second assessable individual oral presentation of 20 – 30 minutes (equivalent to 15 hours of work per student), due week 7, (15%).
-Third assessable individual oral presentation (equivalent to 15 hours of work), due week 12, (15%).
-Major group Feasibility Report 3500 words equivalent per student (55%).
- Breakdown:
- Individual Assessment Task: attendance and participation in studio sessions and learning sessions, (10%). Examples of participation include individual and group analysis of property related matters in preparation of feasibility study and oral presentation.
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Individual Assessment Task: two written 360 degree team assessments of 5 minutes each, week 12 (5%)
- Individual Assessment Task: Estate Master Property Development Software (250 words equivalent): Passing Certification Examination on software i.e. a mark of 80% or higher in Estate Master’s certification examination (15%)
Hurdle requirements:
- Submission of all pieces of assessment
- Minimum of 90% attendance at all seminars, studios, tutorials and workshops
- Completion of practice oral presentation
Note: Group assignments are undertaken on the basis of students forming groups of four (4) students.
Last updated: 14 March 2025
Dates & times
Not available in 2017
Time commitment details
170 hours
Last updated: 14 March 2025
Further information
- Texts
- Related Handbook entries
This subject contributes to the following:
Type Name Major Property Informal specialisation Bachelor of Design Elective Subjects - Breadth options
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Please note Single Subject Studies via Community Access Program is not available to student visa holders or applicants
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
Last updated: 14 March 2025