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Property Resource Analysis (ABPL30006)

Undergraduate level 3Points: 12.5On Campus (Parkville)

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Overview

Year of offer2019
Subject levelUndergraduate Level 3
Subject codeABPL30006
Campus
Parkville
Availability
Semester 1
FeesSubject EFTSL, Level, Discipline & Census Date

This final year, core subject for the Bachelor of Environments, property major, examines the economic, physical/environmental, financial and legal aspects relating to the analysis of property – both quantitative and qualitative – leading to effective property resource allocation. It draws together the prerequisite analytical approaches required for effective study in the subsequent capstone studio and graduate subjects relevant to high order support for client decision-making within a dynamic commercial property markets context.

This subject is particularly relevant as the basis to commercial (income) property valuation, finance, investment and development feasibility decision-makings. At the core of the subject is a “cash-flow” approach to property resources and analysis. The cash flow method is a technical system which the decision maker often requires, because it explicitly analyses expected cash flow income of a property project over its life cycle or holding period. The risk and return trade-off is studied under the valuation and investment evaluation framework to guide resource allocation choices.

Topics include: property resources, income valuation, commercial property market, DCF modelling, land use and land value, building and costs, cash flow risk and return, enterprise and investment evaluation, capital market and indirect property, cost-benefit analysis and decision-making framework in a property context.

Intended learning outcomes

Upon the completion of this subject student should be able to:

  • Understand the character and role of property resource analysis systems and practices across a range of property types from a range of stakeholder perspectives;
  • Be aware of the social, legal, economic and environmental impacts of property resource analysis and of anticipated emerging opportunities;
  • Access, interpret and communicate data relevant to property resource issues.
  • Model property valuation and investment financial flows;
  • Understand the principles & techniques of property and asset valuation and analysis;
  • Understand the effect of taxation and finance on property investment and development.

Generic skills

Upon successful completion of this subject students will have had the opportunity to develop the following generic skills:


• Analytical skills - an enquiring and analytical approach to the determination of appropriate property resource allocation decisions;
• Communication skills - an enhanced ability to communicate analysed interpretations of property resource allocation outcomes through written and oral presentations;
• Problem solving skills - an increased body of knowledge associated with resolution of contemporary issues and practices in property resource allocation;
• Team working skills - an enhanced ability to generate and communicate a range of relevant property resource analysis practices and procedures at an appropriate academic and professional standard.

Eligibility and requirements

Prerequisites

Code Name Teaching period Credit Points
ABPL20004 Principles of Property Valuation
Semester 1
12.5

Corequisites

None

Non-allowed subjects

None

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

Assessment

Additional details

  • Assignment Valuation Report, required approximately 40-45 hours of work(not exceeding 3000 words), worth 40%, due week 11;
  • One hour mid-semester test, 10%;
  • Class participation, actively participate in lecture and tutorial classes 10%;
  • One two hour examination, examination period 40%.

Hurdle requirement: A minimum grade of 40% must be achieved in the examination in order to pass the subject.

Dates & times

  • Semester 1
    Principal coordinatorGeorgia Warren-Myers
    Mode of deliveryOn Campus — Parkville
    Contact hours36 hours (1X 2 hour lecture and 1x 1 hour tutorial per week)
    Total time commitment170 hours
    Teaching period 4 March 2019 to 2 June 2019
    Last self-enrol date15 March 2019
    Census date31 March 2019
    Last date to withdraw without fail10 May 2019
    Assessment period ends28 June 2019

    Semester 1 contact information

Time commitment details

170 Hours

Further information

Last updated: 10 August 2019