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MMP111 - Introduction to Property

Year:

2020 unit information

Important Update:

Classes and seminars in Trimester 3, 2020 will be online.

Last updated: 5 October 2020

Enrolment modes:Trimester 1: Burwood (Melbourne), Online
Trimester 3: Burwood (Melbourne), Online
Credit point(s):1
EFTSL value:0.125
Previously coded as:SRP111
Unit Chair:Trimester 1: Tom Keel
Trimester 3: Tom Keel
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

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.
 

These are the Learning Outcomes (ULO) for this Unit
At the completion of this Unit, successful students can:

Deakin Graduate Learning Outcomes

ULO1

Explain and apply property valuation fundamentals including value principles and concepts, methods of valuation and market data.

 GLO1: Discipline-specific knowledge and capabilities

ULO2

Prepare a well-developed written report for a client.

 GLO2: Communication

ULO3

Identify, locate, evaluate and synthesise information about markets and sub-markets.

 GLO3: Digital literacy

  

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) -  Blog 1500 words 25% Week 5
Assessment 2 (Individual) - Report (Business) 2500 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 successfully complete the professional literacy module to gain access to the assignment dropbox

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: MMP111 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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