MMP111 - Introduction to Property
|Year||2017 unit information|
|Enrolment modes:||Trimester 1: Burwood (Melbourne), Cloud (online)|
Trimester 3: Cloud (online)
|Previously coded as:|
Kang Koo (Trimester 1), Richard Reed (Trimester 3)
Campus: 1 x 2 hour class, 1 x 1 hour seminar per week
Cloud (Online): Online independent and collaborative learning activities including 3 scheduled online seminars
This unit aims to give students a general introduction into the property market 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 investment, yield and the time value of money; stages of property development and the stakeholders; urban economics and geography. 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, design and construction.
- Appreciate the concept of real property & improvements on land.
- Gain a broad understanding of property markets and sub-markets.
- Be aware of the broad legal and economic aspects of property valuation.
- Appreciate the basic concepts of investment, yield and the time value of money including the essentials of basic financial mathematics.
- Recognise the importance of urban economics and geography in the growth of cities and urban areas.
Assignment 1 2500 words 25%
Assignment 2 2500 words 25%
Examination 2 hours 50%
Hurdle requirement: achieve at least 50% of the available marks in the examination
Unit Fee Information
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