Property Development and Investment (FNCE90049)
Graduate courseworkPoints: 12.5On Campus (Parkville)
Overview
| Availability | Semester 1 |
|---|---|
| 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.
- Dealing with situations with too much or too little information
- Gain case study analysis skills
- Develop video presentation skills
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: 4 March 2025
Eligibility and requirements
Prerequisites
Students must meet one of the following prerequisite options:
Option 1
Admission into one of the following:
- MC-FIN Master of Finance
- MC-FINANCE Master of Finance
- MC-FINENH Master of Finance (Enhanced)
Option 2
Admission into one of the following:
- MC-MGMT Master of Management
- MC-MGMTACT Master of Management (Accounting)
- MC-MGMTAFN Master of Management (Accounting and Finance)
- MC-MGMTFIN Master of Management (Finance)
- MC-MGMTHRE Master of Management (Human Resources)
- MC-MGMTMKT Master of Management (Marketing)
AND
All of
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| FNCE90018 | Corporate Financial Policy |
Semester 2 (On Campus - Parkville)
Semester 1 (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: 4 March 2025
Assessment
| Description | Timing | Percentage |
|---|---|---|
Quizzes (individual), best 3 out of 6
| During the teaching period | 15% |
Video presentation (10 mins, including slides and calculations), or equivalent (normally in groups of 4-5 students)
| From Week 4 to Week 7 | 20% |
Video presentation (10 mins, including slides and calculations), or equivalent (normally in groups of 4-5 students)
| From Week 8 to Week 11 | 20% |
End-of-semester examination
| During the examination period | 45% |
Last updated: 4 March 2025
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 3 March 2025 to 1 June 2025 Last self-enrol date 14 March 2025 Census date 31 March 2025 Last date to withdraw without fail 9 May 2025 Assessment period ends 27 June 2025 Semester 1 contact information
Dr Andre Gygax Email: agygax@unimelb.edu.au
Time commitment details
Estimated total time commitment of 170 hours per semester
What do these dates mean
Visit this webpage to find out about these key dates, including how they impact on:
- Your tuition fees, academic transcript and statements.
- And for Commonwealth Supported students, your:
- Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.
Last updated: 4 March 2025
Further information
- Texts
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Management (Finance) Course Master of Management (Accounting and 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.
Please note Single Subject Studies via Community Access Program is not available to student visa holders or applicants
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
Last updated: 4 March 2025