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  3. Property Development

Property Development (ABPL90026)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

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Semester 1
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This subject 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;
  • time value of money;
  • the decision to build;
  • property market research and analysis;
  • appreciation of investment and market valuation methods;
  • development appraisal including residual analysis and cash flow modelling;
  • price and worth; risk, return and risk analysis.

 

Intended learning outcomes

On completion of the subject students should be able to:




  • Understand the important factors influencing the decision to build and develop a property;
  • Place property in the context of business organizations, property, urban planning, design, construction and quantity surveying;
  • Identify a site or property suitable for a major property development;
  • Complete a development appraisal for a major property development;
  • Model property development cash flow;
  • Apply industry standard software to the development process;
  • Evaluate the viability of property development proposals.

Generic skills

On completion of the subject students should have developed the following skills and capabilities:

  • professional/industry communication;
  • team working;
  • analytical and problem solving skills;
  • experience of industry software applications.

Last updated: 3 November 2022