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Design and Property Studio (PROP30003)

Undergraduate level 3Points: 12.5On Campus (Parkville)

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Overview

Year of offer2019
Subject levelUndergraduate Level 3
Subject codePROP30003
Campus
Parkville
Availability
Semester 2
FeesSubject EFTSL, Level, Discipline & Census Date

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.

Eligibility and requirements

Prerequisites

Code Name Teaching period Credit Points
ABPL30059 Property Case Studies
Semester 1
12.5

And one of the following subjects:

Code Name Teaching period Credit Points
ABPL30006 Property Resource Analysis
Semester 1
12.5
PROP30001 Valuation of Land and Buildings
Semester 1
12.5

Corequisites

None

Non-allowed subjects

Code Name Teaching period Credit Points
ABPL30045 Property Analysis Studio 12.5

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

Assessment

Description

  • Group Task: a staged preparation of a detailed feasibility report including oral presentations and three staged submissions due in Weeks 4, 7 and 12 (80%)

Breakdown:

- First practice oral presentation, includes audit by Academic Skills Unit, due week 4. -Second assessable individual oral presentation of 20 minutes (5 minutes per student, equivalent to 15 hours of work per student), due Week 7 (15%). -Third assessable individual oral presentation of 20 minutes (5 minutes per student, equivalent to 15 hours of work), due Week 12 (15%). -Major Group Feasibility Report 2200 words equivalent per student (50%).
  • Individual Assessment Task: undertaking and passing certification for design development software, week 6- 10 (Hurdle Requirement)
  • Individual Assessment Task: attendance at and participation in studio sessions and learning sessions. Examples of participation include equitable participation include individual and group analysis of property related matters in preparation of Major Feasibility Report and oral presentations (10%).
  • Individual Assessment Task: one written 360 degree team assessments of 5 minutes weeks 7 (2.5%).
  • Individual Assessment Task: one written Individual Reflective Journal reflecting on subject content and learning, group project work, team and individual performance (250 words equivalent per student) due Week 11 (7.5%).

Hurdle requirements:

  • Submission of all pieces of assessment;
  • Completion of practice oral presentation: Week 4;
  • A minimum of 90% attendance at all seminars, studios, tutorials and workshops;
  • Undertaking and passing certification for design development software.
Note: Group assignments are undertaken on the basis of students forming groups of four (4) students.

Dates & times

  • Semester 2
    Principal coordinatorDermot Mcgeown
    Mode of deliveryOn Campus — Parkville
    Contact hours1X3 hour lecture and 1X 2 hour tutorial per week
    Total time commitment170 hours
    Teaching period29 July 2019 to 27 October 2019
    Last self-enrol date 9 August 2019
    Census date31 August 2019
    Last date to withdraw without fail27 September 2019
    Assessment period ends22 November 2019

    Semester 2 contact information

    Subject coordinator

    Dermot Mcgeown

    Email: dmcgeown@unimelb.edu.au

Time commitment details

170 hours

Further information

  • Texts

    Prescribed texts

    There are no specifically prescribed or recommended texts for this subject.

  • Breadth options

    This subject is available as breadth in the following courses:

  • 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.

    Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.

  • Available to Study Abroad and/or Study Exchange Students

    This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.

Last updated: 10 August 2019