MMP111 - Introduction to Property
| Year: | 2021 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 11 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: achieve at least 50% of the available marks in the examination AND
students must successfully complete the professional literacy module (EDL) to gain access to the assignment dropbox
Unit Fee Information
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