MMP211 - Statutory Valuation

Unit details

Year:

2024 unit information

Enrolment modes:Trimester 1: Online
Credit point(s):1
EFTSL value:0.125
Previously coded as:SRP211
Unit Chair:Trimester 1: Nicholas Sheard
Prerequisite:

MMP111

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 - online unit enrolment:

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

Content

This unit is broken into two separate components: (a) valuation for statutory purposes and (b) compulsory acquisition and compensation.  Valuation for statutory purposed covers unimproved capital value (UCV), capital improved value (CIV), site value (SV), net annual value (NAV), local government rates, mass appraisal techniques and land tax.  Compulsory acquisition and compensation cover valuation principles and methodologies, expert witness statements and preparation for court as an expert witness. This unit aims to give students a basic understanding of the role of statutory valuation in the property market, and also what compulsory acquisition entails and how it affects the stakeholders.

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

ULO1

Identify and describe key issues and relevant legal documents such as Land Acquisition and Compensation Act 1986 relating to rating valuation and compensation on compulsory acquisitions.

GLO1: Discipline-specific knowledge and capabilities

ULO2

Prepare a written valuation report for a compulsory acquisition.

GLO2: Communication

ULO3

Analyse market, legal and planning data in statutory valuations and court proceedings to determine the appropriate council rating and compensation on compulsory acquisitions.

GLO4: Critical thinking

Assessment

Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week
Assessment 1: (Individual) Report (Analytical) 1500 words 25% Week 5
Assessment 2: (Group of 3) Report (Business) 2000 words 25% Week 10
Examination - Specified resources 2 hours 50% 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.

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: MMP211 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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