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Property Development (ABPL90026)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Availability
Semester 1
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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: 8 November 2024