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Design and Property Studio (PROP30003)

Undergraduate level 3Points: 12.5On Campus (Parkville)

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Overview

Availability
Semester 2 - On Campus
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The Property capstone is undertaken in a studio environment where the knowledge gained in prior property subjects is consolidated into a real-world project. Topics covered include business planning, site analysis, statutory planning analysis, markets and marketability, construction, financial feasibility, sensitivity and risk analyses, development funding, and property valuation. Broader urban planning concepts and sustainability in development are also covered.

Students in the Property capstone work in small groups where they are required to source and analyse potential property development sites, carry out high level feasibilities, choose an optimal business case, and develop multiple design / development options for a site. Detailed site, market and marketability analyses are also carried out, and statutory planning, financial feasibility and risk analysis are used to determine whether a project should proceed beyond feasibility stage.

Intended learning outcomes

On completion of the subject, students should be able to:

  • Evaluate design and development options and describe the role that design teams, other professional experts and relevant stakeholders play in leadership and management of transdisciplinary project design and development.
  • Develop business cases that are analytical, creative, flexible and multi-disciplined for the design conceptualisation and feasibility of development opportunities.
  • Source significant potential development opportunities.
  • Evaluate site, town planning and market parameters including scale, locational analysis, amenity, linkages, strategic and statutory town planning, market and marketability analyses, construction budgets, project constraints and risks.
  • Prepare a detailed feasibility report for board of directors that substantiates and supports their analysis and makes recommendations.
  • Present as a team at critical stages to communicate progress and decision making to board of directors.
  • Develop collaborative and co-operative work processes and protocols to analyse real world case studies and interact with critical stakeholders including town planning authorities, developers, construction managers, transdisciplinary design consultants and other experts and communicating outcomes in a business and professional environment.

Generic skills

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

  • Analytical skills
  • Communication skills
  • Problem solving skills
  • work collaboratively and productively in groups and across disciplines;
  • apply critical and analytical skills and methods to the identification, evaluation and resolution of problems;
  • engage confidently in self-directed study and research;
  • communicate ideas effectively in written, graphic and oral formats;
  • operate effectively in multicultural and diverse environments;
  • use appropriate technologies;
  • critically evaluate new ideas, research findings, methodologies and theoretical frameworks in their discipline; and
  • recognise and understand the ethical responsibilities of individuals and organisations in society.

 

 

Last updated: 4 February 2026