MMP122 - Introduction to Property Development

Unit details

Year:

2024 unit information

Enrolment modes:Trimester 2: Burwood (Melbourne), Online
Credit point(s):1
EFTSL value:0.125
Previously coded as:SRP122
Unit Chair:Trimester 2: Adrian Lee
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) and 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 and 1 x 2 hour online seminar (recordings provided) each week

Content

This unit aims to give students the knowledge and skills to be able to operate as a property professional in the area of development advice and decision-making in property development. It comprises the development process and the major players, concept of highest and best use, time value of money, the decision to build, property market research and analysis, appreciation of investment and market valuation methods, evaluation of land suitable for subdivision, development appraisal including residual analysis and cash flow modelling, price and worth, as well as risk, return and risk analysis. Students progressively explore the issues that affect development of land and redevelopment of existing properties through an understanding of local and regional planning controls, procedures, legislative policy and precedent, and the use of Proptech in facilitating the property development process.

ULO These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: Deakin Graduate Learning Outcomes
ULO1

Describe the fundamental requirements and stages of residential property development.

GLO1: Discipline-specific knowledge and capabilities

ULO2

Differentiate between the different residential property sub-markets.

GLO1: Discipline-specific knowledge and capabilities

ULO3

Perform a “highest and best use” analysis and basic feasibility study of a residential property development.

GLO1: Discipline-specific knowledge and capabilities
GLO5: Problem solving

ULO4

Consider the impact of a range of social, sustainable, ethical, economic and cultural issues in property development decisions.

GLO1: Discipline-specific knowledge and capabilities
GLO8: Global citizenship

Assessment

Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week
Assessment 1: (Individual) Case Study 2000 words 35% Week 6
Assessment 2: (Individual) Case Study 2000 words 35% Week 10
Assessment 3: (Individual) Recorded Video Presentation 3 minutes 30%

Information not yet available

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 online module “Professional literacy” before they can attain access to Assessment One and Assessment Two drop box.

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: MMP122 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

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