Master of Property (MC-PROP)
Masters (Coursework)Year: 2023 Delivered: On Campus (Parkville)
|Award title||Master of Property|
|Year & campus||2023 — Parkville|
|Fees information||Subject EFTSL, level, discipline and census date|
|Study level & type||Graduate Coursework|
|Credit points||300 credit points|
|Duration||36 months full-time or 72 months part-time|
The Master of Property is a professional program for graduates wanting to gain employment in the property industry. The Master of Property focuses on real-world projects which range across the full property and development cycle, preparing students for the realities of professional life. It allows students to develop and build on expertise in valuation, property development and property management.
Professional experience can be an integral part of the program, a unique practical experience enriching the connection to the related fields of work that may also contribute to professional accreditation requirements. There is also the opportunity to take research subjects which may enable students to progress to further studies as a PhD candidate.
Note: Semester 2 (mid-year) entry may be available to students with an undergraduate degree in Property, or with a cognate degree. Entry (with advanced standing) will be offered on a case by case basis.
Links to further information
1. In order to be considered for entry, applicants must have completed:
- an undergraduate degree in any area with a weighted average mark of at least H3 (65%), or equivalent; and
- a personal statement outlining relevant prior study and work experience, and motivation to undertake the course.
Meeting these requirements does not guarantee selection
2. In ranking applications, the Selection Committee will consider:
- prior academic performance; and
- the personal statement.
3. The Selection Committee may seek further information to clarify any aspect of an application in accordance with the Academic Board rules on the use of selection instruments.
4. Applicants are required to satisfy the university’s English language requirements for postgraduate courses. For those applicants seeking to meet these requirements by one of the standard tests approved by the Academic Board, performance band 6.5 is required.
Applicants with the following may be awarded up to 100 points of credit:
- an undergraduate degree in a cognate area with a weighted average mark of at least H3 (65%), or equivalent.
Graduate Degree Package for School Leavers
The University of Melbourne offers Graduate Degree Packages to high achieving school leavers, allowing them to secure places (Commonwealth Supported Places for domestic students or International fee places) in the Master of Property provided that they meet certain requirements.
For a Commonwealth Supported Place or an International Fee Place, the applicant must:
- complete an Australian Year 12 or the International Baccalaureate (IB) in 2018 or later either:
— in Australia; or
— outside Australia and be an Australian citizen;
- achieve an ATAR (or notional ATAR) of at least 96.00;
- apply for a University of Melbourne Graduate Degree Packages for commencement in the year following completion of Year 12 or IB via VTAC;
- enrol immediately or be granted deferral in the year following Year 12;
- successfully complete a Bachelor of Design (majoring in Property) at the University of Melbourne including all the specified prerequisite subjects;
- achieve a minimum weighted average mark of H3 (65%) in their undergraduate degree; and
- commence the Master of Property within 18 months of completing the undergraduate degree.
Applicants eligible for entry via an Graduate Degree Packages will not be required to complete a personal statement as part of their application.
Applicants should refer to the University handbook for the additional entry requirements for the Bachelor of Design.
Transfer into Commonwealth Supported Place
Students with a fee place in this course who complete 100 points of the course with a weighted average of at least 75%, subject to availability of CSP places in a given year, will transfer to a Commonwealth Supported Place for the remainder of the course.
For information about how to apply click here.
Inherent requirements (core participation requirements)
The Melbourne School of Design is the graduate school of the Faculty of Architecture, Building and Planning. It offers professional entry programs in Architecture, Construction Management, Landscape Architecture, Property and Urban Planning. It offers specialist development programs in Property Valuation, Planning and Design and in Urban Design.
The Melbourne School of Design welcomes applications from students with disabilities. It is the University and Faculty (Architecture, Building and Planning) policy to take reasonable steps to make reasonable adjustments so as to enable students’ participation in degrees offered by the Melbourne School of Design (MSD).
A candidate for degrees offered in the MSD must have abilities and skills which include the following: observation; communication; motor; conceptual, integrative, and quantitative; and
behavioural and social. Adjustments can be provided to minimise the impact of a disability, however, particularly at Masters level, students need to be able to participate in programs in an independent manner and with regard to their safety and the safety of others.
(i) Observation: Candidates must be able to read text, diagrams, maps, drawings and numerical data. Candidates should be able to observe details at a number of scales and to record useful observations of environmental contexts.
(ii) Communication: Candidates should be able to communicate with fellow students, professional and academic staff, members of relevant professions and the public. Candidates
must be able to communicate effectively and sensitively. Communication includes not only speech but also reading and writing.
(iii) Motor: Candidates should have sufficient motor function to elicit information from environmental contexts. Off campus investigations may include visits to construction sites,
urban, rural and/or remote environments. Candidates should have sufficient motor ability to prepare documentation of analytic texts, drawings and models of findings and for the
preparation of proposals for environmental interventions via digital or other means. Candidates should have the ability to actively participate in appropriate site and/or design
(iv) Intellectual-Conceptual, Integrative and Quantitative Abilities: These abilities include measurement, calculation, reasoning, analysis, synthesis and, importantly, the ability to
interpret results of such work. Problem resolution, the critical skill demanded of graduates, requires all of these intellectual abilities. In addition, given the disciplines pursued in the
MSD, candidates should be able to comprehend three-dimensional relationships and to understand the spatial relationships in environmental structures of a wide range of scales –
from smaller than the individual through individual buildings and urban spaces to large geographic areas. Further, graduate study entails learning to master one’s own abilities and
skills and to deploy them strategically. This requires further developing skills in both reflective and reflexive thinking and being able to practice these skills.
(v) Behavioural and Social Attributes: A candidate must possess behavioural and social attributes that enable them to participate in a complex learning environment. Students are
required to take responsibility for their own participation and learning. They also contribute to the learning of other students in collaborative learning environments, demonstrating
interpersonal skills and an understanding of the needs of other students. Assessment may include the outcomes of tasks completed in collaboration with other students.
Students who feel a disability will prevent them from meeting the above academic requirements are encouraged to contact the Disability Liaison Unit.
It is expected that graduates of the Master of Property will have completed the academic requirements for membership of:
- Australian Property Institute (API)
- Royal Institution of Chartered Surveyors (RICS)
Intended learning outcomes
On completion of this course, graduates will be able to:
- Demonstrate a high level of technical knowledge of the property development, valuation, investment and finance, and operation;
- Understand a broad range of economic and management theories, including their practical application in the development, investment and management of global real property assets that meet the client's financial, functional and operational requirements;
- Recongise and demonstrate an understanding of how property (development, investment and management) projects are evaluated, structured and delivered in terms of their risk allocations and viability;
- Have the ability to research, analyse, evaluate, discuss and develop solutions to a wide range of comtemporary and emerging challenges facing the property industry.
- Apply a mix of technical, interpersonal, professional, business and management skills relevant to the successful development, valuation, investment, financing and operation of real property assets.;
- Demonstrate technical skills to undertake property market analysis; development feasibility; asset valuation for various purposes; investment portfolio analysis; modelling and evaluation of real estate assets, for redevelopment, valuation and asset repositioning; advanced financial structuring; and property management;
- Demonstrate technical skills related to property law and planning as required for successful property development and valuation;
- Apply cognitive and creative skills to evaluate and research property issues;
- Apply cognitive, technical, interpersonal, communication and technical skills that demonstrate the ability to synthesise complex information then plan, organise, lead and control a property development, valuation, investment or management task;
- Apply communication and technical skills to avoid conflict, manage risk and monitor project progress;
- Evaluate and communicate contemporary educational research ideas and findings to the wider educational community.
Application of knowledge and skills
- Apply theories strategically and creatively in addressing key property industry issues and/or undertaking property industry related activities;Work individually and collaboratively to establish and evaluate requirements of property development, valuation, investment, financing and management;
- Ability to plan and execute a substantial research-based project and/or piece of scholarship.
- Graduates of Master of Property will have knowledge and understanding of full range of direct and indirect property activities (development, investment, finance, valuation, management of properties and practices) nationally and internationally.
- Graduates will have sound knowledge of recent developments in property discipline and areas of professional practice.
- Graduates will have knowledge of research principles and methods as applicable to property professional practice as well as for new knowledge creation.
- Graduates will have skills to demonstrate mastery in inspection, measurement of land and property, analysing development feasibility, valuation, property portfolio management and market analysis.
- Graduates will have sound professional communication, negotiation, data management and software skills.
- Graduates will have research skills to generate and evaluate complex ideas related to the discipline.
- Graduates will have research and communication skills to justify and interpret property related propositions, methodologies, conclusions and professional decisions to specialist and non-specialist audiences.
- Graduates will demonstrate the application of knowledge and skills to various property activities from the direct to the indirect, and from the national to the international through planning and execution of research project or a capstone.
Completion of one entry point program is required.
The Master of Property has two entry point programs: 300pt and 200pt.
300 Point Entry
All student must complete:
- 225 points of core subjects
- 12.5 points of selective subjects
- 50 points of property elective subjects
- 12.5 points of multidisciplinary elective subjects
200 Point Entry
All students must complete:
- 125 points of core subjects
- 12.5 points of selective subjects
- 50 points of property elective subjects
- 12.5 points of multidisciplinary elective subjects
Majors, minors & specialisations
Students entering the Master of Master of Property from a cognate discipline with 100 points of advanced standing will undertake the 200 point program.
Semester 2 (mid-year) entry may be available to students with an undergraduate degree in Master of Property, or with a cognate degree. Entry (with advanced standing) will be offered on a case by case basis.
Students entering the Master of Master of Property from a non-cognate discipline will undertake the 300 point program.
Completion of both ABPL90363 Property Research and Analysis and ABPL90362 Research Thesis – Property is necessary research preparation for doctoral study.
Students in this program may be eligible to undertake final subject assessment if they:
- are in the final semester of their enrolment (not the last 50 points of the course); and
- fail* a single subject worth up to 12.5 points with a final result of 40 - 49%.
* Receive an N or NH grade, except where that NH grade was awarded due to failure to participate in a component of assessment.
Last updated: 5 June 2023