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 |
| Prerequisite: | Nil |
| Corequisite: | Nil |
| Incompatible with: | Nil |
| 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. |
| Scheduled learning activities - campus | 1 x 1 hour on-campus lecture (recordings provided), 1 x 2 hour on-campus seminar (recordings provided) each week |
| Scheduled learning activities - online | 1 x 1 hour recorded lecture provided and 1 x 2 hour online seminar (recordings provided) each week |
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.
Hurdle requirement
Hurdle requirement: students must successfully complete the professional literacy module (EDL) to gain access to the assignment dropbox
Unit Fee Information
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