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Property Development and Investment (FNCE90049)
Graduate courseworkPoints: 12.5On Campus (Parkville)
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.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 1
Dr Andre Gygax Email: agygax@unimelb.edu.au
Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.
Overview
Availability | Semester 1 |
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Fees | Look up fees |
This subject presents the principles, concepts and methods needed to analyse an investment in an existing property, to analyse a potential property development and to raise private and public debt or capital for property investment. Discounted cash flows and real estate economics are the basis of these analyses. The subject introduces students to principles of rent and vacancy determination; the application of real estate market analysis to the investment decision; the financial analysis of properties; mortgage financing and the role of public debt taxation; and raising private capital for property.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- Recognise the core determinants of property investment value and discuss their impact on a property investment or property development;
- Evaluate and apply market information to derive a market analysis for an investment property or development;
- Perform an investment analysis for an income producing property;
- Perform a financial analysis of a single use and multiple use development project;
- Explain the impact of alternate capital structures on the value and risk of an investment property or development;
- Analyse the impact of taxes on a property investment;
- Explain the various mechanisms for raising private and public equity for a property investment and determine their impact on the investment decision.
Generic skills
On successful completion of this subject, students should have improved the following generic skills:
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Oral communication
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Written communication
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Collaborative learning
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Problem solving
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Team work
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Statistical reasoning
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Application of theory to practice
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Interpretation and analysis
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Critical thinking
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Synthesis of data and other information
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Evaluation of data and other information
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Using computer software
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Accessing data and other information from a range of sources.
Last updated: 27 March 2024
Eligibility and requirements
Prerequisites
This subject is only available to students enrolled in the Graduate Diploma in Finance, Postgraduate Diploma in Finance, the Master of Finance, and for students in the Master of Management who have completed FNCE90018 Corporate Financial Policy and FNCE90056 Investment Management.
Code | Name | Teaching period | Credit Points |
---|---|---|---|
FNCE90018 | Corporate Financial Policy |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
FNCE90056 | Investment Management |
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
|
12.5 |
Corequisites
None
Non-allowed subjects
None
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: 27 March 2024
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 |
---|---|---|
Assignment, or equivalent (normally in groups of 3 students
| From Week 7 to Week 9 | 30% |
Video pitch presentation, or equivalent (normally in groups of 3 students)
| From Week 10 to Week 11 | 20% |
End-of-semester examination
| During the examination period | 50% |
Last updated: 27 March 2024
Dates & times
- Semester 1
Principal coordinator Andre Gygax Mode of delivery On Campus (Parkville) Contact hours One 3-hour seminar/workshop per week Total time commitment 170 hours Teaching period 2 March 2020 to 7 June 2020 Last self-enrol date 13 March 2020 Census date 30 April 2020 Last date to withdraw without fail 5 June 2020 Assessment period ends 3 July 2020 Semester 1 contact information
Dr Andre Gygax Email: agygax@unimelb.edu.au
Time commitment details
Estimated total time commitment of 170 hours per semester
Last updated: 27 March 2024
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Management (Accounting and Finance) Course Master of Finance Course Master of Management (Finance) - 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: 27 March 2024