MMP111 - Introduction to Property

Year:

2023 unit information

Enrolment modes: Trimester 1: Burwood (Melbourne), Cloud (online)
Trimester 3: Burwood (Melbourne), Cloud (online)
Credit point(s): 1
Previously coded as: SRP111
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.

Scheduled learning activities - campus

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

Scheduled learning activities - cloud (online)

Online independent and collaborative learning activities including 1 x 1 hour weekly scheduled online seminars 

Content

This unit aims to give students a general introduction into the property market, property valuation 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 property management, stages of property development and the stakeholders; urban economics, sustainability and 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 property finance, tax of the 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 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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