MMP122 - Introduction to Property Development

Year:

2023 unit information

Enrolment modes: Trimester 2: Burwood (Melbourne), Cloud (online)
Credit point(s): 1
Previously coded as: SRP122
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 seminar 

Content

This unit aims to give students the knowledge and skills to be able to operate as a property professional in the area of development advice and decision-making in property development. It comprises the development process and the major players, concept of highest and best use, time value of money, the decision to build, property market research and analysis, appreciation of investment and market valuation methods, evaluation of land suitable for subdivision, development appraisal including residual analysis and cash flow modelling, price and worth, as well as risk, return and risk analysis. Students progressively explore the issues that affect development of land and redevelopment of existing properties through an understanding of local and regional planning controls, procedures, legislative policy and precedent, and the use of Proptech in facilitating the property development process.

Hurdle requirement

Hurdle requirement: Students must successfully complete the online module “Professional literacy” before they can attain access to Assessment One and Assessment Two drop box.

Unit Fee Information

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