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MMP122 - Introduction to Property Development

Year:

2020 unit information

Important Update:

Classes and seminars in Trimester 2, 2020 will be online.

Last updated: 2 June 2020

Enrolment modes:Trimester 2: Burwood (Melbourne), Cloud (online)
Credit point(s):1
Previously coded as:SRP122
EFTSL value:0.125
Unit Chair:Trimester 2: Kang Koo
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.

Scheduled learning activities - campus:

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

Scheduled learning activities - cloud:

Online independent and collaborative learning activities including 3 scheduled online seminars

Content

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 and legislative policy and precedent.  The unit covers the principles of urban and regional planning with environmental and heritage protection strategies also discussed. Information about land title, registration, zoning and development application processes, including land suitable for subdivision and appeal mechanisms, underpins the unit and assists with the development of effective urban policy and community consultation responses. 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.

 

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

 

These Unit Learning Outcomes are applicable for all teaching periods throughout the year

Assessment

:
Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week 
Assessment 1 (Individual) - Case Study 2000 words 25% Week 5
Assessment 2 (Individual) - Case Study 2000 words 25% Week 9
Closed Book Examination 2 hours 50% Exam 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.

Hurdle requirement

Hurdle requirement: achieve at least 50% of the available marks in the examination and

Students must complete the online module ‘Introduction to Professional Identity’ before they can attain access to Assessment 2.

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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