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MMP111 - Introduction to Property

Year	2025 unit information
Enrolment modes:	Trimester 1: Burwood (Melbourne), Online Trimester 3: Burwood (Melbourne), Online
Credit point(s):	1
EFTSL value:	0.125
Unit Chair:	Trimester 1: Tom Keel Trimester 3: Qiang Li
Prerequisite:	Nil
Corequisite:	Nil
Incompatible with:	Nil
Educator-facilitated (scheduled) learning activities - on-campus unit enrolment:	1 x 1 hour on-campus lecture (recordings provided), 1 x 2 hour on-campus seminar (recordings provided) each week
Educator-facilitated (scheduled) learning activities - online unit enrolment:	1 x 1 hour recorded lecture provided and 1 x 2 hour online seminar (recordings provided) each week
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.

Content

This unit aims to give students a general introduction into the property market, property valuation and the role property plays in today’s economy. It introduces the concept of real property and improvements to land; highest and best use analysis (HBU-A), property and the economy (their relationship); a broad overview of property markets and sub-markets; an introduction to property management, types of property development and the stakeholders; urban land economics, sustainability and land planning. 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
appreciate the concept of real property & improvements on land
gain a broad understanding of property sectors, markets and sub-markets
be aware of property finance and tax in relation to broad legal and economic aspects of property valuation
appreciate the basic concepts of investment, yield including the essentials of basic financial mathematics
recognise the importance of urban economics and livability in the growth of cities and urban areas

Learning outcomes

ULO	These are the Unit Learning Outcomes (ULOs) for this unit. At the completion of this unit, successful students can:	Alignment to Deakin Graduate Learning Outcomes (GLOs)
ULO1	Apply property valuation fundamentals and market data to provide an estimate of property value.	GLO1: Discipline-specific knowledge and capabilities
ULO2	Develop a variety of market, property and client reports.	GLO2: Communication
ULO3	Identify and locate relevant information to conduct a detailed property market analysis.	GLO3: Digital literacy

Assessment

Assessment Description	Student output	Grading and weighting (% total mark for unit)	Indicative due week
Assessment 1: (Individual) Market and Property Report	1400 words	30%	Week 5
Assessment 2: (Individual) Report (Business)	1400 words	30%	Week 9
Assessment 3: (Individual) Property Report	1400 words	40%	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.

Hurdle requirement

Hurdle requirement: students must successfully complete the professional literacy module (EDL) to gain access to the assignment dropbox

Learning resource

The texts and reading list for MMP111 can be found via the University Library.

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

Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.

Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.

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