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MMP111 - Introduction to Property

Unit details

Year2016 unit information
Enrolment modes:Trimester 1: Burwood (Melbourne), Cloud (online)
Trimester 3: Cloud (online)
Credit point(s):1
Previously coded as:


EFTSL value:0.125
Unit chair:

N Johnston





Incompatible with:


Contact hours:

Campus: 1 x 2 hour class, 1 x 1 hour seminar per week

Cloud (Online): Learning experiences are via CloudDeakin


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

All Commonwealth Supported Place (CSP), fee paying undergraduate and pre-2016 commencing students

Unit fee information available soon

2016 commencing International and full fee paying postgraduate domestic students

Your units are priced based on the course you are enrolled in. Please refer to the current year's course entry to estimate the unit cost.

You can calculate the cost of each unit by using the following calculation:

Course fee x unit EFTSL value = unit price

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