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Property Development (ABPL90026)
Graduate courseworkPoints: 12.5On Campus (Parkville)
To learn more, visit 2023 Course and subject delivery.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 1
Email: g.warrenmyers@unimelb.edu.au
Overview
Availability | Semester 1 |
---|---|
Fees | Look up fees |
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. The subject integrates in the context of development climate change risk, sustainability, social and ethical considerations. The core content and competencies focus on:
- the development process and the major players;
- property market research and analysis;
- the decision to build;
- time value of money;
- appreciation of investment and market valuation methods;
- development appraisal including residual analysis and cash flow modelling;
- price and worth; risk, return and risk analysis.
This subject may involve the following software: ARGUS Estate Master, ARGUS Developer. Details of software availability and pricing are captured at https://msd.unimelb.edu.au/graduate-research/resources/it-support#software.
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: 31 January 2024
Eligibility and requirements
Prerequisites
Students must meet one of the following prerequisite options:
Option 1
Admission into the 200pt Program course entry point in the MC-PROP Master of Property
Option 2
Admission into one of the following:
A course at the Melbourne School of Design
OR
Admission into or selection of one of the following:
- MC-CMPROP Master of Construction Management/Master of Property
- MC-ARCPROP Master of Architecture/Master of Property
- MC-PROPUP Master of Property/Master of Urban Planning
AND
Completion of a minimum of 50 credit points of study.
Option 3
Approval from the subject coordinator.
Corequisites
None
Non-allowed subjects
702-418/702-659 Land Economy
702-418/702-659 Property Development and Investment
702-418/702-659 Property Development
ABPL40009 Property Development
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: 31 January 2024
Assessment
Description | Timing | Percentage |
---|---|---|
Assignment 1: One group presentation, (equivalent to 500 words per student)
| First half of the teaching period | 10% |
Assignment 2: group assignment, due around mid-semester
| Mid semester | 20% |
Assignment 3: group assignment
| Towards the end of semester | 20% |
Exam
| During the examination period | 50% |
Additional details
please refer to the LMS for up-to-date information on subjects being delivered and assessment due dates
Last updated: 31 January 2024
Dates & times
- Semester 1
Principal coordinator Georgia Warren-Myers Mode of delivery On Campus (Parkville) Contact hours 1 x 2 hour lecture per week; 1 x 1 hour tutorial per week Total time commitment 170 hours Teaching period 27 February 2023 to 28 May 2023 Last self-enrol date 10 March 2023 Census date 31 March 2023 Last date to withdraw without fail 5 May 2023 Assessment period ends 23 June 2023 Semester 1 contact information
Email: g.warrenmyers@unimelb.edu.au
Time commitment details
170 Hours
Last updated: 31 January 2024
Further information
- Texts
Prescribed texts
There are no specifically prescribed or recommended texts for this subject.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Urban Planning Course Graduate Diploma in Property Valuation - 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: 31 January 2024