MMP211 - Statutory Valuation

Year:

2023 unit information

Enrolment modes: Trimester 1: Cloud (online)
Credit point(s): 1
Previously coded as: SRP211
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 - cloud (online)

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

Content

This unit is broken into two separate components: (a) valuation for statutory purposes and (b) compulsory acquisition and compensation.  Valuation for statutory purposed covers unimproved capital value (UCV), capital improved value (CIV), site value (SV), net annual value (NAV), local government rates, mass appraisal techniques and land tax.  Compulsory acquisition and compensation cover valuation principles and methodologies, expert witness statements and preparation for court as an expert witness. This unit aims to give students a basic understanding of the role of statutory valuation in the property market, and also what compulsory acquisition entails and how it affects the stakeholders.

Hurdle requirement

Nil

Unit Fee Information

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