Unit details
MMP111 - Introduction to Property
| Offered at: | (B, online) |
|---|---|
| Credit point(s): | 1 |
| Offerings: | Trimester 1 (B, Online) , trimester 3 (Online) |
| EFTSL value: | 0.125 |
| Previously coded as: | SRP111 |
| Unit chair: | P Dare (Trimester 1), TBA (Trimester 3) |
| Prerequisite: | Nil |
| Corequisite: | Nil |
| Incompatible with: | Nil |
| Contact hours: | 1 x 2 hour lecture, 1 x 1 hour tutorial per week |
| Note: Online teaching methods require internet access. Please refer to the most current computer specifications. | |
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 |
| $1260 | $1260 | $2594 | $2754 |
* 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.
