MMP111 - Introduction to Property
| Year: | 2026 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. |
| 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 liveability in the growth of cities and urban areas
Unit fee information
Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.
Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.
For further information regarding tuition fees, other fees and charges, invoice due dates, withdrawal dates, payment methods visit our Current Students website.
Hurdle requirements
Hurdle requirement: students must successfully complete the professional literacy module (EDL) to gain access to the assignment dropbox