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This final year, core subject for the Bachelor of Environments, property major, examines the economic, physical/environmental, financial and legal aspects relating to the analysis of property – both quantitative and qualitative – leading to effective property resource allocation. It draws together the prerequisite analytical approaches required for effective study in the subsequent capstone studio and graduate subjects relevant to high order support for client decision-making within a dynamic commercial property markets context.
This subject is particularly relevant as the basis to commercial (income) property valuation, finance, investment and development feasibility decision-makings. At the core of the subject is a “cash-flow” approach to property resources and analysis. The cash flow method is a technical system which the decision maker often requires, because it explicitly analyses expected cash flow income of a property project over its life cycle or holding period. The risk and return trade-off is studied under the valuation and investment evaluation framework to guide resource allocation choices.
Topics include: property resources, income valuation, commercial property market, DCF modelling, land use and land value, building and costs, cash flow risk and return, enterprise and investment evaluation, capital market and indirect property, cost-benefit analysis and decision-making framework in a property context.
Intended learning outcomes
Upon the completion of this subject student should be able to:
- Understand the character and role of property resource analysis systems and practices across a range of property types from a range of stakeholder perspectives;
- Be aware of the social, legal, economic and environmental impacts of property resource analysis and of anticipated emerging opportunities;
- Access, interpret and communicate data relevant to property resource issues.
- Model property valuation and investment financial flows;
- Understand the principles & techniques of property and asset valuation and analysis;
- Understand the effect of taxation and finance on property investment and development.
Upon successful completion of this subject students will have had the opportunity to develop the following generic skills:
• Analytical skills - an enquiring and analytical approach to the determination of appropriate property resource allocation decisions;
• Communication skills - an enhanced ability to communicate analysed interpretations of property resource allocation outcomes through written and oral presentations;
• Problem solving skills - an increased body of knowledge associated with resolution of contemporary issues and practices in property resource allocation;
• Team working skills - an enhanced ability to generate and communicate a range of relevant property resource analysis practices and procedures at an appropriate academic and professional standard.
Last updated: 19 November 2019