Property

The subject considers the nature and operation of investment markets with a focus on three major asset classes; shares, bonds and property. It looks at the characteristics of these different investment options, especially in terms of the risks and returns associated with each. The module also introduces basic financial mathematics involving the time value of money, calculation of present and future values, and the computing of rates of return for investments or projects with property as a context. An introduction to the interpretation, analysis and use of financial statements (profit and loss statements, cash-flow statements and balance sheets) is provided. Finally, it considers the application of appropriate accounting and regulatory standards in interpretation of financial statements.

View detailed information in the Handbook

This subject introduces students to the basic principles and business concepts of Property, through examination of the underlying drivers of commercial Property Development and Property Investment, the underlying systems and relationships – social, commercial, political, economic and environmental - which govern the operation of property markets with particular reference to urban property in Australia. More specifically, the subject examines the nature of property, property and site analysis, the statutory planning process to obtain a planning permit, property market research, and relevance of these processes to development of financial modelling and examination of property productivity, profitability and financial performance. In addition, there is an examination of the participants in the property industry, their roles and how they interact. Topics include:

• the character of property and property interests;
• the nature of markets and exchange;
• property markets and their evolution;
• stakeholders;
• markets and sub-market characteristics;
• highest and best use/most probable use and property potential analysis;
• value and worth in the property context; property classes – residential, industrial, retail, commercial, other public and private sector interests;
• market maturity;
• property development process;
• property investment;
• site analysis;
• underlying concepts associated with planning, planning policy and the statutory planning process;
• market analysis and marketability analysis;
• market analysis techniques;
• the underlying sources of information that lead to the development of financial feasibility for investment property and property development;
• how research and decisions related to assessments of site analysis, statutory planning and market research relate to the development of financial feasibility models, measurement of a property’s potential productivity, profitability and financial performance;
• relevance of risk assessment, mitigation and management throughout feasibility process;
• examination of data sources, collection, analysis, synthesis and review;
• indicators of market movements.

View detailed information in the Handbook

The modern property industry is both an art and science. It draws together a wide range of other professionals in the analysis and management of property projects. Professional and socially responsible property practitioners therefore need to gain a strong understanding of the principles, processes and systems associated with the planning processes, the design and construction of buildings, feasibilities, and potential environmental performance and impact.

This subject describes and emphasises the indelible links between the market’s demand for property, financial feasibility of projects, the design response, the methods, systems and cost of construction and their combined effect on property values. Combining a series of weekly lectures, tutorials and a number of visits to construction sites, this subject will equipe students with the essential knowledge and strategic overview of the property industry as a whole, and then focus on the various design concepts and structural systems currently used; the selection of materials, their applications and performance in construction; the management of the construction process; leading to an awareness of building performance and maintenance, which also impact on property performance, profitability and value.

View detailed information in the Handbook

This is a final year Bachelor of Design subject, undertaken in a seminar studio based environment. It consolidates students’ prior learning of property concepts and principles, property markets, property valuation, statutory planning, feasibility and investment evaluation and finance. Featuring real-world case studies of income producing commercial property investments and property development projects, it will nurture the student’s interest and understanding of complex technical and financial processes related to property. The case studies will demonstrate the requirement and skills associated with the management of a wide range of professions and entities necessary to develop and manage commercial property investments and developments.

View detailed information in the Handbook

Property and property valuation matter, Residential and commercial properties form a substantial part of a nation’s wealth. The practice of quantifying the wealth of landed resources affects the stability of the local, the national and the global markets.

This subject introduces students to the main systems and relationships which govern the generation of opinions of market value for urban property held under freehold title in Victoria. Topics include: value and market value; the property market; the valuation profession; methods of valuation; the valuation process; factors influencing value; direct comparison; data collection; data analysis; procedures for determining and reporting value; the main valuation methods; valuation of property leased at market rent

View detailed information in the Handbook

This core subject for the Bachelor of Design property major draws together economic, physical/environmental, financial and legal aspects relating to the management of the property asset from the perspective of a managing agent or major property portfolio manager who are responsible for the performance of investment properties during the 95% of their economic life between the completion of initial construction and eventual demolition.
Topics include:

• What is property management?;
• Stakeholders including: public and private perspectives, and owner/investor and occupier perspectives;
• Managing properties from various use classifications;
• Managing the physical asset: property inspections;
• Services – contract management;
• Planned programmed maintenance systems, etc.;
• Legal, environmental and market demands including lease conditions and management;
• Sustainability risk management;
• OHS;
• International comparisons.

View detailed information in the Handbook

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.

View detailed information in the Handbook