MMP111 - Introduction to Property

Unit details

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


EFTSL value:0.125
Unit chair:

D Halvitgala (Trimester 1), R Reed (Trimester 3)





Incompatible with:


Contact hours:

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


You will need to access substantial learning resources and experiences in CloudDeakin (Deakin’s online learning environment). Compliance with the Standards in computing, connectivity and student capability are a condition on your enrolment.


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

Student Contribution Rate*Student Contribution Rate**Fee rate - Domestic Students Fee rate - International students

* Rate for all CSP students, except for those who commenced Education and Nursing units pre 2010
** Rate for CSP students who commenced Education and Nursing units pre 2010
Please note: Unit fees listed do not apply to Deakin Prime students.