MMP111 - Introduction to Property

Unit details

Year:

2024 unit information

Enrolment modes:Trimester 1: Burwood (Melbourne), Online
Trimester 3: Burwood (Melbourne), Online
Credit point(s):1
EFTSL value:0.125
Unit Chair:Trimester 1: Tom Keel
Trimester 3: Qiang Li
Prerequisite:

Nil

Corequisite:Nil
Incompatible with: Nil
Typical study commitment:

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

This will include educator guided online learning activities within the unit site.

Educator-facilitated (scheduled) learning activities - on-campus unit enrolment:

1 x 1 hour on-campus lecture (recordings provided), 1 x 2 hour on-campus seminar (recordings provided) each week

Educator-facilitated (scheduled) learning activities - online unit enrolment:

1 x 1 hour recorded lecture provided and 1 x 2 hour online seminar (recordings provided) each week

Content

This unit aims to give students a general introduction into the property market, property valuation and the role property plays in a today’s economy. It introduces the concept of real property and improvements to land; highest and best use, property and the economy; a broad overview of property markets and sub-markets; an introduction to property management, stages of property development and the stakeholders; urban economics, sustainability and planning. On completion of Introduction to Property students should be able to: 

  • Place property in the context of the built environment, urban planning, the investment environment,   
  • Appreciate the concept of real property & improvements on land. 
  • Gain a broad understanding of property sectors, markets and sub-markets. 
  • Be aware property finance, tax of the broad legal and economic aspects of property valuation. 
  • Appreciate the basic concepts of investment, yield including the essentials of basic financial mathematics. 
  • Recognise the importance of urban economics in the growth of cities and urban areas. 
ULO These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: Deakin Graduate Learning Outcomes
ULO1

Apply property valuation fundamentals and market data to provide an estimate of property value.

GLO1: Discipline-specific knowledge and capabilities

ULO2

Develop a variety of market, property and client reports.

GLO2: Communication

ULO3

Identify and locate relevant information to conduct a detailed property market analysis.

GLO3: Digital literacy

Assessment

Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week
Assessment 1: (Individual) Web site 1400 words 30% Week 5
Assessment 2: (Individual) Report (Business)  1400 words 30% Week 9
Assessment 3: (Individual) Property Report 1400 words 40% End-of-unit assessment
period

The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.

Hurdle requirement

Hurdle requirement: students must successfully complete the professional literacy module (EDL) to gain access to the assignment dropbox

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: MMP111 Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.

Unit Fee Information

Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.

Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.

Use the Fee estimator to see course and unit fees applicable to your course and type of place.

For further information regarding tuition fees, other fees and charges, invoice due dates, withdrawal dates, payment methods visit our Current Students website.