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Property Analysis Studio (ABPL30045)
Undergraduate level 3Points: 12.5Not available in 2020
For information about the University’s phased return to campus and in-person activity in Winter and Semester 2, please refer to the on-campus subjects page.
Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.
Overview
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This final year Bachelor of Environments capstone subject for the Property Major, undertaken in a studio environment, 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, with the assistance of Estate Master (TM) development feasibility software.
Intended learning outcomes
Studio-based exercises will:
- support the sourcing of a number of potential property development sites;
- carry out high level business cases to ascertain optimum site choice;
- carry out broad site and market research on multiple design / development options, including statutory planning advice and initial financial feasibility to ascertain optimum project;
- carry out detailed site analysis, statutory planning analysis, market and marketability analysis, construction cost and development cost estimates, program development, cash flow analysis and financial feasibility analysis using Estate Master (TM) development feasibility software;
- present as a team (orally and in writing) at critical project stages, outcomes of analysis and feasibility;
- advise on financial feasibility outcomes, sensitivity analysis and provide detailed risk analysis on proposals;
- demonstrate an understanding of issues involved in commercial property development and property development processes e.g. (market analysis for selecting property development proposals; stakeholders and their requirements; property development concepts and underlying considerations; the developer’s equation and residual analysis; alternative development options; cost estimating and planning; management of consultant teams and communication requirements;
- introductory knowledge of property development and investment analysis techniques;
- preparation of a systematic property development proposal in a competitive market environment;
- understand the studio-based learning environment, working as groups, applying skills and communication in real case exercises. The teams will also able to develop concepts that will impact upon the sustainability of the project, in the short and longer terms;
- evaluate, organise, exchange and bring together associated issues that are related to market, valuation and property development appraisal.
Generic skills
- Analytical skills: analysing property project criteria and parameters;
- Communication skills: an enhanced ability to communicate complex property projects through written and oral presentations;
- Problem solving skills: an increased body of knowledge associated with resolution of contemporary issues and practices in complex property projects;
- Team working skills: an enhanced ability to generate and communicate a range of relevant property project practices and procedures at an appropriate academic and professional standard.
Last updated: 6 July 2023
Eligibility and requirements
Prerequisites
The subjects listed below or equivalent.
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ABPL30006 | Property Resource Analysis | No longer available | |
ABPL30059 | Property Case Studies | Semester 1 (On Campus - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
Code | Name | Teaching period | Credit Points |
---|---|---|---|
PROP30003 | Design and Property Studio | Semester 2 (On Campus - Parkville) |
12.5 |
Recommended background knowledge
Students undertaking this subject will be expected to be competent in the use of MS Excel software
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: 6 July 2023
Assessment
Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS
Description | Timing | Percentage |
---|---|---|
Group Assessment Task (Please see below) | From Week 4 to Week 12 | 70% |
Individual Assessment Task: Estate Master Property Development Software: Passing Certification Examination on software i.e. a mark of 80% or higher in Estate Master's certification examination
| 15% | |
Individual Assessment Task: attendance and participation in studio sessions and learning sessions (3 hours per session, 2 sessions per week). Examples of participation include individual and group analysis of property related matters in preparation of feasibility study and oral presentations | 10% | |
Individual Assessment Task: completion of 2 no 360 degree team assessments and 12 weekly team diaries | Throughout the teaching period | 5% |
Hurdle requirement: Completion of all pieces of assessment is a hurdle requirement. Note that minimum 90% attendance at studios and learning sessions is also a hurdle requirement | N/A |
Additional details
- Group Assessment Task: The Major Assessment 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 assessable oral presentation graded as pass or fail: includes audit by Academic Skills Unit.
-Second assessable oral presentation (equivalent to 250 words per student); worth 15%.
-Third assessable oral presentation (equivalent to 250 words per student); worth 15%.
-Major Feasibility Report 3500 words equivalent per student 40%.
Note group assignments are undertaken on the basis of students forming groups of four (4) students.
Last updated: 6 July 2023
Dates & times
Not available in 2020
Time commitment details
170 Hours
Last updated: 6 July 2023
Further information
- Texts
Prescribed texts
There are no specifically prescribed or recommended texts for this subject.
- Subject notes
B-ENVS students who have not completed this subject may enrol in PROP30003 Design and Property Studio
- Related Handbook entries
This subject contributes to the following:
Type Name Informal specialisation Non-allowed Breadth Subjects within the Bachelor of Design - relating to specific majors Major Construction Informal specialisation Environments Discipline subjects Major Property - 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: 6 July 2023