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Unit details

MMP111 - Introduction to Property

Year2015 unit information
Enrolment modes:Trimester 1: Burwood (Melbourne), Cloud (online)
Trimester 3: Cloud (online)
Credit point(s):1
Previously coded as:

SRP111

EFTSL value:0.125
Unit chair:

R Reed

Prerequisite:

Nil

Corequisite:

Nil

Incompatible with:

Nil

Contact hours:

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

Cloud (Online): Learning experiences are via CloudDeakin

Content

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.

Assessment

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
$1283$1283$2672$2837

* 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.

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