Master of Property

An introduction to the principles and legal concepts that apply to the built environment professions and how this law develops and changes. The subject covers:

• the fundamentals of common law;
• liability in tort law for injury or loss caused to other people or their property;
• legally binding contracts, their terms, obligations and breaches. These concepts extend into construction contracts, standard forms of contract, liabilities, litigation and arbitration;
• concepts of property and ownership in Australia. The legal nature of land, improvements, fixtures and chattels, land registration systems and encumbrances. Co-ownership: subdivision, joint tenancy in common. licenses and leases. occupier's liability;
• planning law;
• environmental law;
• intellectual property covering copyright, patents and consultancy issues.

View detailed information in the Handbook

This Masters level subject is designed to introduce the fundamental concepts required for understanding how property markets function and/or operate, as well as the basic valuation techniques required for determining the value of real property.

It serves both the new 300 point Master of Property and the Graduate Diploma of Property Valuation, which are courses taught within the Melbourne School of Design.

This is a foundation subject and is meant for students who are relatively new to the property education. The emphasis of this subject is to introduce students to the main systems and relationships which govern the operation of property markets, with particular reference to the valuation of commercial property in Australia.

The subject examines market analysis and valuation techniques as they apply to real property. The main areas to be covered include:

• To set property within an economic context
• To examine property as a set of linked markets, functionally divided between use, investment and development
• To critically evaluate the role that regulations and planning play in the property markets
• Typical valuation processes focussing on direct comparison, direct capitalization method, discounted cash flow method and residual method.

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This subject aims to provide a range of applied skills to operate as a property professional in the area of property valuation and management. The subject examines:

• ownership and use perspectives as they apply to investment, valuation and management of real property as a business;
• property classes, market sectors and specialised properties;
• managing the physical asset in the various ownership and use scenarios, including legal, OHS, risk management, environmental and market demands;
• lease income and management.

The application of quantitative methods in analysis will be emphasised. These will include: discounted cashflow analysis, real estate finance and financial analysis, post taxation analysis and securitisation.

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This subject focuses on the nature of accounting from the perspective of the users of financial reports. In this subject, students will learn how to analyse and interpret financial information prepared by diverse businesses, both profit and not-for-profit. A key theme in the subject is to understand the relevance of accounting information for the decisions typically made by diverse stakeholders including financial analysts, bankers and shareholders as well as the strategic and operational decisions made by managers within the different businesses. This subject is designed to meet the needs of students from all disciplines, who seek to become more informed users of accounting information but who do not intend to pursue further studies in accounting.

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This aim of this subject is to study the legal framework within which urban planning takes place, and the ways that local provisions (e.g. ‘Planning Schemes' in Victoria) are prepared and administered to implement plans. The subject focuses on the legal frameworks and mechanisms used in Australia, with particular emphasis on Victoria. There is some critical comparison with alternative approaches used in other jurisdictions.

The intentions of the subject for students are threefold:
1. To understand the basis of key statutory processes and subsequently be able to undertake key entry-level statutory tasks that are of value to practitioners.
2. To develop skills that can be used for ongoing learning in statutory planning and planning law.
3. To critically consider existing planning processes, and ways they might be changed to achieve better outcomes.

The subject begins by establishing the role of regulation and laws in the processes and governance of urban planning, and the objectives that statutory planning seeks. The possible tensions and conflicts between these objectives, and the different approaches that might be adopted in dealing with these are considered. Through the lens of statutory planning, the challenges of climate change, recognition of indigenous cultural heritage, and professional ethics are examined alongside the pressures of ongoing population growth and development that seeks overall social, economic and environmental goals.

The main processes and roles of Victorian statutory planning process are covered in detail, addressing the amendment of planning schemes, permitting processes, scheme administration and reviews (appeals). Finally, the relationship between these urban planning systems and other regulatory systems, such as Commonwealth environmental legislation and indigenous processes are examined, before turning to the question of possible reforms.

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The subject provides a broad overview of a range of topics relevant to the Australian construction industry, including the regulatory framework, construction materials and technology, construction documentation, geotechnical engineering, building structures, construction management and economics, and building inspections and faults. Building mechanical, electrical, hydraulic, fire, transportation and communication services and controls are also covered. The subject addresses issues in the context of residential, commercial and industrial buildings, and includes site visits.

The intention of this subject is to provide a broad introduction to the industry, with construction systems base, including an introduction to planning and scheduling, soil conditions, cost estimating and project management. The subject is intended for students entering the Master of Property program with no, or at least a very limited, construction background. This subject is not available to any students who have already completed 25 points of construction technology based or equivalent studies.

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This subject is designed to equip students with the tools necessary to enable them to make the core decisions faced by managers and investors. The first part of the subject deals with establishing the environment in which organizations operate, namely the objectives of the suppliers of financial and human capital. The subject then considers the basic tools commonly employed by financial managers and investors including discounted cash flow techniques and financial mathematics. Measures and definitions of alternative forms of risk are considered and the relation between risk and expected reward in capital markets is established. Finally, the subject considers the important decisions faced by firms (such as investment, financing and dividend policy) and by investors (the composition of their optimal portfolio of stocks).

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This subject provides an introduction to the fundamentals of microeconomics, strategy and key issues in macroeconomics, and applies this knowledge to business and management issues. Topics to be covered include: the working of competitive markets; the operation of business organisations such as cost management and pricing decisions; strategic behaviour and market outcomes in different market environments; the effect of public policy on business organisations; and the main macroeconomic influences on the business environment.

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This subject builds on property fundamentals and valuation principles, and focuses on current research and practices in the real estate market for specialist property assets. The subject aims to introduce to you a range of applied knowledge and skills for property valuation analysis and evaluation, such as:

• Contemporary consideration in valuation of specialist properties (e.g. rural properties, shopping centres, retirement homes, leisure centres, resorts, easements, etc);
• Advanced financial analysis;
• Composition and functioning of the property lending market;
• Property lenders and lending products;
• The determination (and assessment of major determinants) of lending interest rate;
• Contemporary risk issues;
• Measurement of returns.

View detailed information in the Handbook

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.

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Valuation for statutory purposes including rating. Examination of all taxes affecting property, including land tax. Compulsory acquisition and compensation.

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Overview of the legal system in Australia:

• The concept of property and ownership in Australia
• Comparative land policy
• The general law and the Torrens land registration systems
• The legal nature of land: improvements, fixtures and chattels
• Encumbrances: easements, restrictive covenants, right
• Co-ownership: subdivision, joint tenancy in common
• Licenses and leases
• Contract, tort and agency
• Occupier's liability
• Impact of heritage legislation

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As the real estate market becomes increasingly international, it is necessary to understand how specific national markets operate and how they relate to one another within an international system. With globalisation, capital flows with increasing ease between national economies, and many real estate market actors - users, investors, developers and financiers - now search for opportunities across national boundaries. Real estate services, such as agency or research, have become international in order to serve these requirements.

At the global level, the institutional environment of real estate is extremely diverse. There are wide national differences in the economic, political, social and legal contexts within which real estate markets operate. Variations in planning control, landlord and tenant law, methods of valuation, professional education, and the symbolic significance of landed property represent important examples, and there are many others. Real estate market analysis therefore has to translate between different systems, both literally in terms of working language and metaphorically in terms of differences in business practice and culture.

This subject is intended to provide a comprehensive analysis of international real estate markets examining the rationale for their existence and development, its links to economic change, international financial diversification and institutional adaptation. The subject also examines the role of, and changes in, business culture to provide an understanding of the behaviour of real estate markets. The subject allows comparison over time of real estate markets in different countries, showing differences in market characteristics and changes thereof. The entry of international companies and their role in market development is also examined.

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This subject is an in-depth examination of property investment and financing strategy and decision-making, with a focus on cash flows, return, and value. Property investments are surveyed with emphases on the analysis of commercial real estate and the theory and methods of investment analysis in respect to tax and financial consequences. Financial and non-financial determinants of investment feasibility of income-producing property are covered. The subject covers a range of approaches used in financing of investment properties. A case-based approach facilitates student learnings in analysing investment and financing strategies as they are applied to real world scenarios. Students will learn financial modelling skills, the art of investment and financing decision making involving qualitative and quantitative skills, and considerations that add value to property assets and investment portfolios of investors

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Topics covered in this subject include:

• The role of corporate property in the strategic management of the organisation;
• Property as a strategic asset;
• Corporate property strategies and their alignment with organisational strategy;
• Models of CRE management;
• Tenure decisions;
• CRE portfolio analysis;
• CRE projects as interventions in CRE portfolios;
• CREM and procurement;
• Measuring corporate property performance;
• Workplaces and CRE;
• National and international locational analysis and competition;
• CRE information and information systems.

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Property Research and Analysis is a taught module that draws on theories and techniques to analyse various property-related research questions in an applied way through selected research-based studies demonstrating how these theories and techniques are applied. The specific focus on research in this subject provides the foundation for ABPL90362 Research Thesis – Property.

The subject has two aims:

1. To equip students with the skills necessary to conduct rigorous and original research;
2. To provide them with an opportunity to develop a scholarly foundation and a theoretical framework for an investigation into a research topic determined by the student in conjunction with an academic supervisor. The academic supervisor will guide the student while undertaking ABPL90362 Research Thesis – Property.

The subject concentrates on the preliminary stages of research, from defining a research question through to planning and beginning implementation of the research. The output of students' work constitutes the basis for the empirical work conducted in ABPL90362 Research Thesis - Property and forms an integral part of the final research report of that subject.

Together ABPL90363 Property Research Analysis and ABPL90362 Research Thesis - Property meet the 25-point research pathway to PhD requirement.

Prescribed software programs with a cost
SPSS Statistics

Details of software availability and pricing are captured at: https://msd.unimelb.edu.au/current-students/student-experience/it-support

View detailed information in the Handbook

The subject will examine the economic, social, legal and political context of land and property by focusing on:
1. Local, national and global economies: the changing spatial dimensions of land and property markets.
2. Social significance: social meanings attached to land and property and their effects on economic behaviour.
3. Regulatory regimes and public involvement: the legal framework for property market activity and its economic implications.
4. Governance and policy processes: the political significance and policy implications of land and property.

Prescribed software programs with no cost
SSPS Statistics 26, SPSS Amos 26
Prescribed software programs with a cost
RStudio

Details of software availability and pricing are captured at: https://msd.unimelb.edu.au/current-students/student-experience/it-support

View detailed information in the Handbook

Topics covered include:

Commercial property as an investment asset class in Australia; Property joint ventures, partnerships, trusts, funds and companies; Listed and unlisted REITs; Valuation and pricing of listed and unlisted property securities; Equity and debt financing; Taxation of property investment vehicles, including stapled entities; Property funds management; Recent trends in property investment products.

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The subject provides students with an opportunity to produce an ordered, critical exposition of autonomously gained knowledge, thus demonstrating proper understanding of the nature, development strategies and conventions of research work, with particular focus in their area of specialisation.

The subject concentrates on the middle to final stages of research: from implementation of a research plan, to effectively interpreting and presenting results of the research plan implemented. Seminar group and one-on-one meetings are held with the supervisor/coordinator, to allow students to exchange and/or obtain advice on their topics.

Knowledge and materials prepared in the ABPL90363 Property Research and Analysis are to inform the final research report.

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Students enrolled in this subject will partner with a host organization to complete an industry-based research project. Firms may be based in the commercial property development, investment, valuation, management and consultancy fields. Students will be supervised by the Subject Coordinator in collaboration with a designated party at the host organisation. Students will work on a research topic chosen by the host organization and will spend no more than 12 days working at the host organization over the course of the subject. Work will be limited to that needed to complete the research project. The Industry-Based Research Project will enable students to extend and apply the knowledge acquired through the Master of Property coursework subjects, will provide students with a valuable professional experience, and will extend their professional networks. This project can be taken to fulfil the research requirement of the Master’s in Property and may replace ABPL90362 Research Thesis – Property

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Topics covered include:

• advanced life cycle based property asset management;
• economic modelling;
• asset management optimisation;
• functional and economic performance;
• standards;
• obsolescence;
• condition assessment;
• maintenance and refurbishment implications;
• market and income issues;
• property finance, accounting and taxation issues;
• risk analysis;
• public and private sector guidelines.

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A series of case studies conducted in different countries or cities over four intensive weeks. Case studies are to be carried out in groups. They will cover a range of property, construction and infrastructure topics including project inception, project finance, project valuation and appraisal, urban planning policies and permits, project procurement and delivery, construction planning and management, construction technology and services, construction methods and equipment, construction and leasing contracts, and associated legal matters.

Candidates are required to arrange and pay for their own travel, accommodation and incidentals. The travel cost and accommodation is around AUD 5500 (AUD 2500 for travel and AUD 3000 for accommodation, food and local travel). One preferred/ recommended budget accommodation option in each of the cities will be provided.

Note: This subject includes a pre-teaching period. During the pre-teaching period students are expected to complete the course readings, review the lectures and any other course preparation as outlined on the LMS. The LMS will become available at the commencement of the pre-teaching dates.

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A series of case studies will be conducted in one or two cities of an Asian country (chosen from China, Singapore, Indonesia, South Korea, and Japan), over two intensive weeks.

Case studies are to be carried out in groups. They will cover a range of property, construction and infrastructure topics including project inception, project finance, project valuation and appraisal, urban planning policies and permits, project procurement and delivery, construction planning and management, construction technology and services, construction methods and equipment, construction and leasing contracts, and associated legal matters.

Candidates are required to arrange and pay for their own travel, accommodation and incidentals. The travel cost is estimated to be about AUD 3000 (AUD 1200 for travel and AUD 1800 for accommodation, food, local travel and incidentals). One preferred/ recommended budget accommodation option will be provided.

Note:

• Travelling time: 29 June-10 July 2026
• The student will receive a $500 subsidy in 2026

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The subject concerns housing issues. The provision of housing is presented as a complex system of interplay between construction, finance, real estate and bureaucracy (and others). It considers the challenge of providing good homes to all within the context of consistent under-supply over decades and a policy preference for private sector delivery.

This subject has four components

1. The structure of housing provision. The roles and interplay between parts of the housing system including how markets work; the roles of developers, financiers, consumers and government; how the housing market works; supply, demand, role of property developers and the role of banks (including the growth of financialisation).
2. The contribution of housing form and planning for housing to the workings of cities.
3. The implications of market failure for certain population groups.
4. Low-income housing policy (e.g. social housing).

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The subject examines a number of topics relevant to the long-term ownership and use of buildings where sustainability is important. These topics include:

• Issues in property asset life cycles;
• Facility economics, including economic decision-making and life cycle costing;
• Triple-bottom line decision-making about property assets;
• Projects and interventions in properties’ life cycles;
• Property asset maintenance management;
• Depreciation and obsolescence of property assets; and
• Sustainability, value and investment decisions.

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The focus of this subject lies in the integration of services and energy efficient strategies into the fabric of the building and its construction process. After introductory material on environmental quality and energy related issues, the subject provides students with knowledge in the field of electrical, mechanical, air handling, hydraulic and communication services and particularly the construction issues they generate: levels of documentation and decision-making required; connections with process planning; spatial requirements for functioning, installation and access purposes; protection and quality assurance; building tolerances; systems integration; layout strategies; work sequences and temporary works; contract coordination; testing; maintenance; and upgrading-replacement.

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This subject aims to give students an understanding of the processes and issues relating to the transfer of freehold and leasehold interests in property with a commercial agency focus within the current legal and market context. The subject will be presented under three main themes:

1. real estate agency structures - legislation and agency practice, licensing, codes of ethics, consumer protection;
2. the management of an agency practice including trust accounts;
3. marketing and markets.

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This subject explores planning and policy making for productive and competitive urban settlements by investigating the economic drivers, activities, and interrelationships of cities and regions. You will examine how making and moving of goods, services, and jobs shapes the vitality, structure and governance of cities and regions. Complex planning issues, requiring judgements about the competing demands of economic development and social needs, are associated with the growth and decline of sectors and places in their particular urban contexts. Various economic perspectives and examples are used to show and interpret how urban activities and sectors – such as manufacturing, transport, services, recreation, and creative activities – have locational and network impacts within and between cities. Special attention will be paid to comparative analysis and innovation in developing cities and regions, and to the implications of market failures and inequalities produced by economic development activities, and to crucial socio-economic agendas including Indigenous issues.

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Demographic ageing is creating a shift in how to think and define homes, cities and public spaces. This subject explores feasible and sustainable approaches to keep the older segment of the population physically and socially active. Innovative changes in design can lead to significant advancements in service delivery, transportation models and homes that allow people to age in place. In addition, design principles for dementia and palliative care are a few of the many concepts that help minimise stress on people as they age and their families. Students will explore these topics and develop their own ideas about the way design can optimise the ageing process for comfort, security and overall well-being.

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Property is the choice of investors amongst many avenues of asset classes and constitutes a significant share of the global wealth. The economic performance of most developed countries is influenced by the performance of their real estate markets. The property investment has witnessed numerous cycles of growth and recession, and is now considered as a mature and sophisticated market. In order to attract even wider participation, and to meet the appetite of diverse range of investors, newer instruments (in particular) real estate derivatives, are being developed across the globe. While financial and commodity derivative products are being used widely, financial engineering in property is relatively recent. These products have the potential to offer better returns and diversification, while prone to significant risks as the potential to destabilize the operating environment is large. It would be imperative to have better risk management capacity to configure and utilize these instruments.

The aim of this subject is to expose you to the linkage between structured finance and property markets, and the functioning of financial engineering products prevalent in Property domain, in particular real estate derivates, and to equip you with knowledge, skills required to understand, analyse and value different derivative instruments

This subject is designed to capitalise on the multi-disciplinary nature of participants. As such, it uses active discussions, interactive problem solving, peer review and group work, among other teaching and learning activities. In addition, the major assessment task is designed to allow for a significant amount of flexibility as you will be able to determine the focus of your own assignment. You will also be able to vote to determine subject content towards the end of the semester.

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Representing Spatial Information is the study of conveying insight gained through geospatial data and information. Upon completion, students will be able to communicate complex relations and insights through visual storytelling and concise graphics.

This subject will introduce students to fundamental concepts in spatial information and provide a practical understanding of the rise of the Smart City and how spatial information can assist in evidenced-based and collaborative decision-making.

Students will also be exposed to a range of digital environments, including open data repositories, urban modelling and visualisation tools and open source geospatial information technologies.

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This subject further develops fundamental knowledge of real estate assets and markets, and applies learnings in context of technical modelling and evaluation of real estate assets, for redevelopment, valuation and asset repositioning. Topics covered include: advanced development feasibility; advanced asset valuation and advanced asset repositioning considerations. These topic areas are supplemented by development of advanced technical modelling skills utilizing proprietary software, providing students with the potential for external accreditation in commonly used industry software. Students are required to apply this knowledge and skills to a real-life case project and develop a range of potential solutions for optimization of the asset.

The subject has four aims:

1. Provide students with an advanced understanding of complex real estate challenges and identifying opportunities for repositioning or re-development of the asset;
2. Provide students with the ability to critically analyse real estate asset health using qualitative and quantitative frameworks and formulate a strategic plan and model these from a financial perspective;
3. To equip students with specialist expertise in technical skills to undertake advanced development feasibility, advanced property valuation and life-cycle analysis utilizing industry proprietary software;
4. Develop students capacity to critically analyse, design, create and propose new well-researched and financially modelled strategies for real estate assets.

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The use of project management techniques has risen sharply. Examples of projects include research and development studies, reorganisation efforts, implementation of change programs, installation of a new piece of equipment, advertising campaigns, construction, organising special events and other one-off endeavours. The subject will cover the key drivers of project success, training and leadership in project environments. Project selection is the first critical set of decisions. Matching of the projects selected to the organisation’s strategy is taken as the starting point. Practical tools and techniques will then be introduced to manage the project or special event for success. The subject will also involve the use of an appropriate Project Management software package such as MS Project.

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This subject introduces the construction of detached and multi-unit low-rise residential buildings with an emphasis on Australian construction practices, standards, and methods. Students will develop relevant knowledge of local building techniques and compliance requirements applicable to the Australian residential construction sector. The key functions and performance requirements for the main elements are discussed in relation to material selection, structural design and construction methods.

This aim of this subject is to introduce students to the intersection of construction techniques, contemporary practice, building legislation, developments in sustainable design principles, and advancements in materials technology and their influence on the construction of low-rise residential buildings. This is particularly important for students who are entering the program without a cognate undergraduate degree. The subject also includes an introduction to services within a residential context, and discusses various topics related to building pathology and maintenance.

Incidental costs

Students will be required to purchase personal protective equipment (steel-toed boots, hard-hat, hi-vis vest and safety goggles); cost approx. $90 to $120 per person. Students may use equipment from a previous subject if these are in good working condition.

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This subject explores evidence‐based planning and design practices for health and wellbeing. Derived from translational medicine, the approach seeks to access rigorous, robust and peer reviewed examples of evidence‐based design practices which exist in not only the architectural and urban planning sectors but also through environmental psychology, population health, health planning, biophilic and biourbanism experiences and related case studies. Cultural and creative practices including aspects of Australian indigenous knowledges further contribute to the learning content. The subject is informed by the International WELL Building Institute (IWBI) which is the leading international tool for advancing health and wellbeing in the built environment.

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This aim of this subject is to study the legal framework within which urban planning takes place, and the ways that local provisions (e.g. ‘Planning Schemes' in Victoria) are prepared and administered to implement plans. The subject focuses on the legal frameworks and mechanisms used in Australia, with particular emphasis on Victoria. There is some critical comparison with alternative approaches used in other jurisdictions.

The intentions of the subject for students are threefold:
1. To understand the basis of key statutory processes and subsequently be able to undertake key entry-level statutory tasks that are of value to practitioners.
2. To develop skills that can be used for ongoing learning in statutory planning and planning law.
3. To critically consider existing planning processes, and ways they might be changed to achieve better outcomes.

The subject begins by establishing the role of regulation and laws in the processes and governance of urban planning, and the objectives that statutory planning seeks. The possible tensions and conflicts between these objectives, and the different approaches that might be adopted in dealing with these are considered. Through the lens of statutory planning, the challenges of climate change, recognition of indigenous cultural heritage, and professional ethics are examined alongside the pressures of ongoing population growth and development that seeks overall social, economic and environmental goals.

The main processes and roles of Victorian statutory planning process are covered in detail, addressing the amendment of planning schemes, permitting processes, scheme administration and reviews (appeals). Finally, the relationship between these urban planning systems and other regulatory systems, such as Commonwealth environmental legislation and indigenous processes are examined, before turning to the question of possible reforms.

View detailed information in the Handbook

This subject investigates the organisation of the construction industry in various contextual environments, with an emphasis on a socio-ecological approach involving the strategic selection of construction technologies and methods according to specific social, cultural, economic, environmental, legal and technological contexts as well as regional traditions.

Consisting of a seminar component and a travel component (which can vary each year depending on the focus provided by the subject coordinator), the subject will expose students to different cultures, places and people, thus stimulating their ability to reflect critically on the mainstream construction environment of Melbourne.

Approximate Costs:
Flights: $600
Accommodation (8 nights), Food and Local Activities: $400
Local Travel: $500

Note: Prices listed are subject to change. The costs per student are likely to be $1000 in total. Participating students will receive a one-off subsidy of $500 from the Faculty which will be utilised toward local travel. Students will be expected to contribute $400 to cover food, accommodation and local activities not later than 2 days prior pre-teaching. Students will be required to arrange and pay for the return flight to Cairns.

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This subject provides an introduction to the nature and construction industry both locally and internationally. It investigates the roles and responsibilities of a range of industry stakeholders and introduces project procurement systems and contracts. Theories relating to management and project management and how they apply to the construction industry are presented. The subject then focuses on issues affecting the management of construction projects at the site level. An overview of production management and how it relates to the construction industry is provided along with consideration of issues affecting the efficient use of resources such as labour, subcontract labour, materials, plant and equipment. Labour productivity improvement techniques to such as work study and activity sampling are presented. Industrial relations, site safety and quality assurance are introduced along with construction project planning methods. Critical path scheduling is presented and the construction plan for a small scale building is undertaken.

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This subject explores the notion of resilience and its application to the planning, design and management of urban settlements at various scales. The notion of resilience is related to the capacity of systems to adapt to disruptions without them changing to entirely different states, which in the case of human settlements often results in catastrophic consequences for the inhabitants. The subject will explore approaches for enhancing existing settlements, as well as creating new ones, to be better prepared to confront future environmental changes, both predicted and unpredicted, as they occur, with a focus on changes associated with climate change, such as increasing intensity and frequency of extreme weather events, as well as more gradual changes, such as rising sea levels. Students will explore ways of decreasing the vulnerability of urban settlements to these types of risks and while at the same time promoting sustainable development through planning and design interventions.

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AIMS

In this subject, students will learn about the land development process, residential subdivision design requirements in Victoria, the subdivision design process, energy efficient subdivisions, planning legislation and environmental controls; the preparation of plans of subdivision and association documentation under the Subdivision Act 1988; and the use of computer-aided design and drafting techniques. This subject is core to students considering a career as a licensed cadastral surveyor and is a requirement for accreditation by the Surveyors Registration Board in Victoria. It complements the knowledge of GEOM90041 Cadastral Surveying and ABPL90041 Property Law, and complements other subjects in the Spatial specialization of the ME (Spatial).

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This subject familiarises students with contemporary housing theory and practice through a research-led teaching approach. It introduces students to emerging housing issues within current research initiatives.

The subject will explore disciplinary contributions to addressing housing challenges, e.g. the role of design, planning, construction, finance, market and policy in housing supply and demand dynamics. Students will critically analyse and examine real-life housing practices and contemporary research questions and projects. Through engagement with housing researchers, students will work in groups to explore pressing housing issues and propose opportunities for industry practitioners or academic researchers. Within this subject, students will learn to bring a systematic and practical approach to tackling housing issues and identify emerging challenges.

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This subject aims to give you theoretical frameworks, practical insights, and preliminary skills to work in your chosen profession in contexts where determining what problem to work on is an important complement to knowing how to solve that problem.

You will develop these understandings, insights and skills by working on two projects. In the first, they will work in multi-disciplinary teams on a strategically-important innovation challenge sponsored by an industry organisation. Through that project, you will learn the “what and how” of delivering innovation-like projects – understanding the relationship between your challenge and the organisation’s strategy; designing, securing, and conducting interviews; analysing qualitative data to generate insights; ideation and creativity techniques to create value; stakeholder management; working in an intense team on an ambiguous problem; visual and oral communication. In the second, you will develop the ability to apply to the same concepts to yourself – How will you know what you want and need? How will you know if you need to change? How will you innovate yourself as your interests, needs, and work world shift?

We aim for you and your team to own your project and your learning.

Creating Innovative Professionals (CIP) and its companion subject, Creating Innovative Engineering ENGR90034 (CIE), are delivered by the University's Innovation Practice Program. To learn more about the Program, including the range of organizations that have participated as sponsors, examples of past projects and to hear students talk about their experiences in taking CIE/CIP, please go to the Innovation Practice Program’s website.

All project sponsors will require students to maintain the confidentiality of their proprietary information. The University will require all students (except those working on projects sponsored by the University itself) to assign any Intellectual Property they create (other than Copyright in their Assessment Materials) to the sponsor of their project.

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This subject builds on property fundamentals and valuation principles, and focuses on current research and practices in the real estate market for specialist property assets. The subject aims to introduce to you a range of applied knowledge and skills for property valuation analysis and evaluation, such as:

• Contemporary consideration in valuation of specialist properties (e.g. rural properties, shopping centres, retirement homes, leisure centres, resorts, easements, etc);
• Advanced financial analysis;
• Composition and functioning of the property lending market;
• Property lenders and lending products;
• The determination (and assessment of major determinants) of lending interest rate;
• Contemporary risk issues;
• Measurement of returns.

View detailed information in the Handbook

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.

View detailed information in the Handbook

Valuation for statutory purposes including rating. Examination of all taxes affecting property, including land tax. Compulsory acquisition and compensation.

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Overview of the legal system in Australia:

• The concept of property and ownership in Australia
• Comparative land policy
• The general law and the Torrens land registration systems
• The legal nature of land: improvements, fixtures and chattels
• Encumbrances: easements, restrictive covenants, right
• Co-ownership: subdivision, joint tenancy in common
• Licenses and leases
• Contract, tort and agency
• Occupier's liability
• Impact of heritage legislation

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As the real estate market becomes increasingly international, it is necessary to understand how specific national markets operate and how they relate to one another within an international system. With globalisation, capital flows with increasing ease between national economies, and many real estate market actors - users, investors, developers and financiers - now search for opportunities across national boundaries. Real estate services, such as agency or research, have become international in order to serve these requirements.

At the global level, the institutional environment of real estate is extremely diverse. There are wide national differences in the economic, political, social and legal contexts within which real estate markets operate. Variations in planning control, landlord and tenant law, methods of valuation, professional education, and the symbolic significance of landed property represent important examples, and there are many others. Real estate market analysis therefore has to translate between different systems, both literally in terms of working language and metaphorically in terms of differences in business practice and culture.

This subject is intended to provide a comprehensive analysis of international real estate markets examining the rationale for their existence and development, its links to economic change, international financial diversification and institutional adaptation. The subject also examines the role of, and changes in, business culture to provide an understanding of the behaviour of real estate markets. The subject allows comparison over time of real estate markets in different countries, showing differences in market characteristics and changes thereof. The entry of international companies and their role in market development is also examined.

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Topics covered in this subject include:

• The role of corporate property in the strategic management of the organisation;
• Property as a strategic asset;
• Corporate property strategies and their alignment with organisational strategy;
• Models of CRE management;
• Tenure decisions;
• CRE portfolio analysis;
• CRE projects as interventions in CRE portfolios;
• CREM and procurement;
• Measuring corporate property performance;
• Workplaces and CRE;
• National and international locational analysis and competition;
• CRE information and information systems.

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This subject is an in-depth examination of property investment and financing strategy and decision-making, with a focus on cash flows, return, and value. Property investments are surveyed with emphases on the analysis of commercial real estate and the theory and methods of investment analysis in respect to tax and financial consequences. Financial and non-financial determinants of investment feasibility of income-producing property are covered. The subject covers a range of approaches used in financing of investment properties. A case-based approach facilitates student learnings in analysing investment and financing strategies as they are applied to real world scenarios. Students will learn financial modelling skills, the art of investment and financing decision making involving qualitative and quantitative skills, and considerations that add value to property assets and investment portfolios of investors

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Property Research and Analysis is a taught module that draws on theories and techniques to analyse various property-related research questions in an applied way through selected research-based studies demonstrating how these theories and techniques are applied. The specific focus on research in this subject provides the foundation for ABPL90362 Research Thesis – Property.

The subject has two aims:

1. To equip students with the skills necessary to conduct rigorous and original research;
2. To provide them with an opportunity to develop a scholarly foundation and a theoretical framework for an investigation into a research topic determined by the student in conjunction with an academic supervisor. The academic supervisor will guide the student while undertaking ABPL90362 Research Thesis – Property.

The subject concentrates on the preliminary stages of research, from defining a research question through to planning and beginning implementation of the research. The output of students' work constitutes the basis for the empirical work conducted in ABPL90362 Research Thesis - Property and forms an integral part of the final research report of that subject.

Together ABPL90363 Property Research Analysis and ABPL90362 Research Thesis - Property meet the 25-point research pathway to PhD requirement.

Prescribed software programs with a cost
SPSS Statistics

Details of software availability and pricing are captured at: https://msd.unimelb.edu.au/current-students/student-experience/it-support

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The subject will examine the economic, social, legal and political context of land and property by focusing on:
1. Local, national and global economies: the changing spatial dimensions of land and property markets.
2. Social significance: social meanings attached to land and property and their effects on economic behaviour.
3. Regulatory regimes and public involvement: the legal framework for property market activity and its economic implications.
4. Governance and policy processes: the political significance and policy implications of land and property.

Prescribed software programs with no cost
SSPS Statistics 26, SPSS Amos 26
Prescribed software programs with a cost
RStudio

Details of software availability and pricing are captured at: https://msd.unimelb.edu.au/current-students/student-experience/it-support

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Topics covered include:

Commercial property as an investment asset class in Australia; Property joint ventures, partnerships, trusts, funds and companies; Listed and unlisted REITs; Valuation and pricing of listed and unlisted property securities; Equity and debt financing; Taxation of property investment vehicles, including stapled entities; Property funds management; Recent trends in property investment products.

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The subject provides students with an opportunity to produce an ordered, critical exposition of autonomously gained knowledge, thus demonstrating proper understanding of the nature, development strategies and conventions of research work, with particular focus in their area of specialisation.

The subject concentrates on the middle to final stages of research: from implementation of a research plan, to effectively interpreting and presenting results of the research plan implemented. Seminar group and one-on-one meetings are held with the supervisor/coordinator, to allow students to exchange and/or obtain advice on their topics.

Knowledge and materials prepared in the ABPL90363 Property Research and Analysis are to inform the final research report.

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Students enrolled in this subject will partner with a host organization to complete an industry-based research project. Firms may be based in the commercial property development, investment, valuation, management and consultancy fields. Students will be supervised by the Subject Coordinator in collaboration with a designated party at the host organisation. Students will work on a research topic chosen by the host organization and will spend no more than 12 days working at the host organization over the course of the subject. Work will be limited to that needed to complete the research project. The Industry-Based Research Project will enable students to extend and apply the knowledge acquired through the Master of Property coursework subjects, will provide students with a valuable professional experience, and will extend their professional networks. This project can be taken to fulfil the research requirement of the Master’s in Property and may replace ABPL90362 Research Thesis – Property

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Topics covered include:

• advanced life cycle based property asset management;
• economic modelling;
• asset management optimisation;
• functional and economic performance;
• standards;
• obsolescence;
• condition assessment;
• maintenance and refurbishment implications;
• market and income issues;
• property finance, accounting and taxation issues;
• risk analysis;
• public and private sector guidelines.

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A series of case studies conducted in different countries or cities over four intensive weeks. Case studies are to be carried out in groups. They will cover a range of property, construction and infrastructure topics including project inception, project finance, project valuation and appraisal, urban planning policies and permits, project procurement and delivery, construction planning and management, construction technology and services, construction methods and equipment, construction and leasing contracts, and associated legal matters.

Candidates are required to arrange and pay for their own travel, accommodation and incidentals. The travel cost and accommodation is around AUD 5500 (AUD 2500 for travel and AUD 3000 for accommodation, food and local travel). One preferred/ recommended budget accommodation option in each of the cities will be provided.

Note: This subject includes a pre-teaching period. During the pre-teaching period students are expected to complete the course readings, review the lectures and any other course preparation as outlined on the LMS. The LMS will become available at the commencement of the pre-teaching dates.

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A series of case studies will be conducted in one or two cities of an Asian country (chosen from China, Singapore, Indonesia, South Korea, and Japan), over two intensive weeks.

Case studies are to be carried out in groups. They will cover a range of property, construction and infrastructure topics including project inception, project finance, project valuation and appraisal, urban planning policies and permits, project procurement and delivery, construction planning and management, construction technology and services, construction methods and equipment, construction and leasing contracts, and associated legal matters.

Candidates are required to arrange and pay for their own travel, accommodation and incidentals. The travel cost is estimated to be about AUD 3000 (AUD 1200 for travel and AUD 1800 for accommodation, food, local travel and incidentals). One preferred/ recommended budget accommodation option will be provided.

Note:

• Travelling time: 29 June-10 July 2026
• The student will receive a $500 subsidy in 2026

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The subject concerns housing issues. The provision of housing is presented as a complex system of interplay between construction, finance, real estate and bureaucracy (and others). It considers the challenge of providing good homes to all within the context of consistent under-supply over decades and a policy preference for private sector delivery.

This subject has four components

1. The structure of housing provision. The roles and interplay between parts of the housing system including how markets work; the roles of developers, financiers, consumers and government; how the housing market works; supply, demand, role of property developers and the role of banks (including the growth of financialisation).
2. The contribution of housing form and planning for housing to the workings of cities.
3. The implications of market failure for certain population groups.
4. Low-income housing policy (e.g. social housing).

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The subject examines a number of topics relevant to the long-term ownership and use of buildings where sustainability is important. These topics include:

• Issues in property asset life cycles;
• Facility economics, including economic decision-making and life cycle costing;
• Triple-bottom line decision-making about property assets;
• Projects and interventions in properties’ life cycles;
• Property asset maintenance management;
• Depreciation and obsolescence of property assets; and
• Sustainability, value and investment decisions.

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The focus of this subject lies in the integration of services and energy efficient strategies into the fabric of the building and its construction process. After introductory material on environmental quality and energy related issues, the subject provides students with knowledge in the field of electrical, mechanical, air handling, hydraulic and communication services and particularly the construction issues they generate: levels of documentation and decision-making required; connections with process planning; spatial requirements for functioning, installation and access purposes; protection and quality assurance; building tolerances; systems integration; layout strategies; work sequences and temporary works; contract coordination; testing; maintenance; and upgrading-replacement.

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This subject aims to give students an understanding of the processes and issues relating to the transfer of freehold and leasehold interests in property with a commercial agency focus within the current legal and market context. The subject will be presented under three main themes:

1. real estate agency structures - legislation and agency practice, licensing, codes of ethics, consumer protection;
2. the management of an agency practice including trust accounts;
3. marketing and markets.

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This subject explores planning and policy making for productive and competitive urban settlements by investigating the economic drivers, activities, and interrelationships of cities and regions. You will examine how making and moving of goods, services, and jobs shapes the vitality, structure and governance of cities and regions. Complex planning issues, requiring judgements about the competing demands of economic development and social needs, are associated with the growth and decline of sectors and places in their particular urban contexts. Various economic perspectives and examples are used to show and interpret how urban activities and sectors – such as manufacturing, transport, services, recreation, and creative activities – have locational and network impacts within and between cities. Special attention will be paid to comparative analysis and innovation in developing cities and regions, and to the implications of market failures and inequalities produced by economic development activities, and to crucial socio-economic agendas including Indigenous issues.

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Demographic ageing is creating a shift in how to think and define homes, cities and public spaces. This subject explores feasible and sustainable approaches to keep the older segment of the population physically and socially active. Innovative changes in design can lead to significant advancements in service delivery, transportation models and homes that allow people to age in place. In addition, design principles for dementia and palliative care are a few of the many concepts that help minimise stress on people as they age and their families. Students will explore these topics and develop their own ideas about the way design can optimise the ageing process for comfort, security and overall well-being.

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Property is the choice of investors amongst many avenues of asset classes and constitutes a significant share of the global wealth. The economic performance of most developed countries is influenced by the performance of their real estate markets. The property investment has witnessed numerous cycles of growth and recession, and is now considered as a mature and sophisticated market. In order to attract even wider participation, and to meet the appetite of diverse range of investors, newer instruments (in particular) real estate derivatives, are being developed across the globe. While financial and commodity derivative products are being used widely, financial engineering in property is relatively recent. These products have the potential to offer better returns and diversification, while prone to significant risks as the potential to destabilize the operating environment is large. It would be imperative to have better risk management capacity to configure and utilize these instruments.

The aim of this subject is to expose you to the linkage between structured finance and property markets, and the functioning of financial engineering products prevalent in Property domain, in particular real estate derivates, and to equip you with knowledge, skills required to understand, analyse and value different derivative instruments

This subject is designed to capitalise on the multi-disciplinary nature of participants. As such, it uses active discussions, interactive problem solving, peer review and group work, among other teaching and learning activities. In addition, the major assessment task is designed to allow for a significant amount of flexibility as you will be able to determine the focus of your own assignment. You will also be able to vote to determine subject content towards the end of the semester.

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Representing Spatial Information is the study of conveying insight gained through geospatial data and information. Upon completion, students will be able to communicate complex relations and insights through visual storytelling and concise graphics.

This subject will introduce students to fundamental concepts in spatial information and provide a practical understanding of the rise of the Smart City and how spatial information can assist in evidenced-based and collaborative decision-making.

Students will also be exposed to a range of digital environments, including open data repositories, urban modelling and visualisation tools and open source geospatial information technologies.

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This subject further develops fundamental knowledge of real estate assets and markets, and applies learnings in context of technical modelling and evaluation of real estate assets, for redevelopment, valuation and asset repositioning. Topics covered include: advanced development feasibility; advanced asset valuation and advanced asset repositioning considerations. These topic areas are supplemented by development of advanced technical modelling skills utilizing proprietary software, providing students with the potential for external accreditation in commonly used industry software. Students are required to apply this knowledge and skills to a real-life case project and develop a range of potential solutions for optimization of the asset.

The subject has four aims:

1. Provide students with an advanced understanding of complex real estate challenges and identifying opportunities for repositioning or re-development of the asset;
2. Provide students with the ability to critically analyse real estate asset health using qualitative and quantitative frameworks and formulate a strategic plan and model these from a financial perspective;
3. To equip students with specialist expertise in technical skills to undertake advanced development feasibility, advanced property valuation and life-cycle analysis utilizing industry proprietary software;
4. Develop students capacity to critically analyse, design, create and propose new well-researched and financially modelled strategies for real estate assets.

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The use of project management techniques has risen sharply. Examples of projects include research and development studies, reorganisation efforts, implementation of change programs, installation of a new piece of equipment, advertising campaigns, construction, organising special events and other one-off endeavours. The subject will cover the key drivers of project success, training and leadership in project environments. Project selection is the first critical set of decisions. Matching of the projects selected to the organisation’s strategy is taken as the starting point. Practical tools and techniques will then be introduced to manage the project or special event for success. The subject will also involve the use of an appropriate Project Management software package such as MS Project.

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This subject introduces the construction of detached and multi-unit low-rise residential buildings with an emphasis on Australian construction practices, standards, and methods. Students will develop relevant knowledge of local building techniques and compliance requirements applicable to the Australian residential construction sector. The key functions and performance requirements for the main elements are discussed in relation to material selection, structural design and construction methods.

This aim of this subject is to introduce students to the intersection of construction techniques, contemporary practice, building legislation, developments in sustainable design principles, and advancements in materials technology and their influence on the construction of low-rise residential buildings. This is particularly important for students who are entering the program without a cognate undergraduate degree. The subject also includes an introduction to services within a residential context, and discusses various topics related to building pathology and maintenance.

Incidental costs

Students will be required to purchase personal protective equipment (steel-toed boots, hard-hat, hi-vis vest and safety goggles); cost approx. $90 to $120 per person. Students may use equipment from a previous subject if these are in good working condition.

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This subject explores evidence‐based planning and design practices for health and wellbeing. Derived from translational medicine, the approach seeks to access rigorous, robust and peer reviewed examples of evidence‐based design practices which exist in not only the architectural and urban planning sectors but also through environmental psychology, population health, health planning, biophilic and biourbanism experiences and related case studies. Cultural and creative practices including aspects of Australian indigenous knowledges further contribute to the learning content. The subject is informed by the International WELL Building Institute (IWBI) which is the leading international tool for advancing health and wellbeing in the built environment.

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This aim of this subject is to study the legal framework within which urban planning takes place, and the ways that local provisions (e.g. ‘Planning Schemes' in Victoria) are prepared and administered to implement plans. The subject focuses on the legal frameworks and mechanisms used in Australia, with particular emphasis on Victoria. There is some critical comparison with alternative approaches used in other jurisdictions.

The intentions of the subject for students are threefold:
1. To understand the basis of key statutory processes and subsequently be able to undertake key entry-level statutory tasks that are of value to practitioners.
2. To develop skills that can be used for ongoing learning in statutory planning and planning law.
3. To critically consider existing planning processes, and ways they might be changed to achieve better outcomes.

The subject begins by establishing the role of regulation and laws in the processes and governance of urban planning, and the objectives that statutory planning seeks. The possible tensions and conflicts between these objectives, and the different approaches that might be adopted in dealing with these are considered. Through the lens of statutory planning, the challenges of climate change, recognition of indigenous cultural heritage, and professional ethics are examined alongside the pressures of ongoing population growth and development that seeks overall social, economic and environmental goals.

The main processes and roles of Victorian statutory planning process are covered in detail, addressing the amendment of planning schemes, permitting processes, scheme administration and reviews (appeals). Finally, the relationship between these urban planning systems and other regulatory systems, such as Commonwealth environmental legislation and indigenous processes are examined, before turning to the question of possible reforms.

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This subject investigates the organisation of the construction industry in various contextual environments, with an emphasis on a socio-ecological approach involving the strategic selection of construction technologies and methods according to specific social, cultural, economic, environmental, legal and technological contexts as well as regional traditions.

Consisting of a seminar component and a travel component (which can vary each year depending on the focus provided by the subject coordinator), the subject will expose students to different cultures, places and people, thus stimulating their ability to reflect critically on the mainstream construction environment of Melbourne.

Approximate Costs:
Flights: $600
Accommodation (8 nights), Food and Local Activities: $400
Local Travel: $500

Note: Prices listed are subject to change. The costs per student are likely to be $1000 in total. Participating students will receive a one-off subsidy of $500 from the Faculty which will be utilised toward local travel. Students will be expected to contribute $400 to cover food, accommodation and local activities not later than 2 days prior pre-teaching. Students will be required to arrange and pay for the return flight to Cairns.

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This subject provides an introduction to the nature and construction industry both locally and internationally. It investigates the roles and responsibilities of a range of industry stakeholders and introduces project procurement systems and contracts. Theories relating to management and project management and how they apply to the construction industry are presented. The subject then focuses on issues affecting the management of construction projects at the site level. An overview of production management and how it relates to the construction industry is provided along with consideration of issues affecting the efficient use of resources such as labour, subcontract labour, materials, plant and equipment. Labour productivity improvement techniques to such as work study and activity sampling are presented. Industrial relations, site safety and quality assurance are introduced along with construction project planning methods. Critical path scheduling is presented and the construction plan for a small scale building is undertaken.

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This subject explores the notion of resilience and its application to the planning, design and management of urban settlements at various scales. The notion of resilience is related to the capacity of systems to adapt to disruptions without them changing to entirely different states, which in the case of human settlements often results in catastrophic consequences for the inhabitants. The subject will explore approaches for enhancing existing settlements, as well as creating new ones, to be better prepared to confront future environmental changes, both predicted and unpredicted, as they occur, with a focus on changes associated with climate change, such as increasing intensity and frequency of extreme weather events, as well as more gradual changes, such as rising sea levels. Students will explore ways of decreasing the vulnerability of urban settlements to these types of risks and while at the same time promoting sustainable development through planning and design interventions.

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This subject aims to give you theoretical frameworks, practical insights, and preliminary skills to work in your chosen profession in contexts where determining what problem to work on is an important complement to knowing how to solve that problem.

You will develop these understandings, insights and skills by working on two projects. In the first, they will work in multi-disciplinary teams on a strategically-important innovation challenge sponsored by an industry organisation. Through that project, you will learn the “what and how” of delivering innovation-like projects – understanding the relationship between your challenge and the organisation’s strategy; designing, securing, and conducting interviews; analysing qualitative data to generate insights; ideation and creativity techniques to create value; stakeholder management; working in an intense team on an ambiguous problem; visual and oral communication. In the second, you will develop the ability to apply to the same concepts to yourself – How will you know what you want and need? How will you know if you need to change? How will you innovate yourself as your interests, needs, and work world shift?

We aim for you and your team to own your project and your learning.

Creating Innovative Professionals (CIP) and its companion subject, Creating Innovative Engineering ENGR90034 (CIE), are delivered by the University's Innovation Practice Program. To learn more about the Program, including the range of organizations that have participated as sponsors, examples of past projects and to hear students talk about their experiences in taking CIE/CIP, please go to the Innovation Practice Program’s website.

All project sponsors will require students to maintain the confidentiality of their proprietary information. The University will require all students (except those working on projects sponsored by the University itself) to assign any Intellectual Property they create (other than Copyright in their Assessment Materials) to the sponsor of their project.

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AIMS

In this subject, students will learn about the land development process, residential subdivision design requirements in Victoria, the subdivision design process, energy efficient subdivisions, planning legislation and environmental controls; the preparation of plans of subdivision and association documentation under the Subdivision Act 1988; and the use of computer-aided design and drafting techniques. This subject is core to students considering a career as a licensed cadastral surveyor and is a requirement for accreditation by the Surveyors Registration Board in Victoria. It complements the knowledge of GEOM90041 Cadastral Surveying and ABPL90041 Property Law, and complements other subjects in the Spatial specialization of the ME (Spatial).

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This subject familiarises students with contemporary housing theory and practice through a research-led teaching approach. It introduces students to emerging housing issues within current research initiatives.

The subject will explore disciplinary contributions to addressing housing challenges, e.g. the role of design, planning, construction, finance, market and policy in housing supply and demand dynamics. Students will critically analyse and examine real-life housing practices and contemporary research questions and projects. Through engagement with housing researchers, students will work in groups to explore pressing housing issues and propose opportunities for industry practitioners or academic researchers. Within this subject, students will learn to bring a systematic and practical approach to tackling housing issues and identify emerging challenges.

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