- PR600 VALUATION TECHNIQUES AND PROPERTY ANALYSIS
A review of basic property valuation concepts, techniques and procedures. Valuation as a guide to business decisions. Valuation methods and analysis for evidence of value. Topics will include valuations for statutory purposes, security and acquisition. Contemporary valuation issues.
Introduction to urban economics, site analysis techniques and feasibility analysis. Property attributes, land use and form. An overview of the property industry with emphasis on the decisions needed for the manufacture, marketing, management and financing of real estate. Public policy issues regarding urban environments and business management.
- PR610 INVESTMENT EVALUATION TECHNIQUES FOR REAL ESTATE
A review of the financial evaluation techniques, including traditional measures and contemporary discounted cash flow techniques. The subject also reviews sources of finance, financial packaging for real estate investment, the preparation of submissions for finance and taxation implications.
- PR611 PROPERTY ANALYSIS
This subject will provide the student with a firm understanding of the nature of real estate analysis principles and basic techniques.
This will be achieved by considering the broad context within which real estate decisions are made with emphasis being placed on the systematic gathering of real estate data, its analysis and interpretation and problem solving techniques.
- PR612 VALUATION OF REAL ESTATE
The aims of this subject are to:
- Provide the student with a basic understanding of the processes involved in property valuation;
- Give an understanding of different approaches and solutions, and their impact in economic terms;
- Provide a basic understanding of the concepts of value;
- Establish the role of the valuer, with specific reference to the societal context within which the valuer operates;
- Develop the fostering of professionalism.
This subject is designed to give the student an introduction to the processes involved in property valuation and the methods and approaches available to the valuer.
- PR613 COMPENSATION VALUATION
This subject aims to develop a thorough theoretical and practical appreciation of the implications of various Federal and State Statutes which affect the valuation of Real Estate resulting from the acquisition of real property.
- PR614 VALUATIONS FOR RATING AND TAXING
This subject aims to develop a thorough theoretical and practical appreciation of the valuation of real property for rating and taxing purposes.
Students will develop a detailed understanding of the:-
- Role of the valuer in a statutory setting, and further development of professionalism in this context;
- Rating and taxation valuation process and its relevant statutes;
- Practical application of the statutory valuation concepts;
- PR615 PROPERTY MANAGEMENT
The subject is designed to introduce students to the major managerial aspects of owning real estate. Planning, marketing and leasing, tenant negotiations, selection and administration.
- PR616 SHOPPING CENTRE MANAGEMENT
Managerial aspects of owning retail shopping centres. Topics include; hierarchy of shopping centres, retail market environment and merchandising, principles of retailing, trade area analysis, market analysis, retail tenancy legislation.
- PR617 REAL ESTATE MANAGEMENT LAW
Introduction to the major legal aspects of owning and managing property. In broad detail the course will include; types of property, forms of ownership of real property, elements of a valid contract, creation and types of agency, duties associated with agency relationships, tenancy legislation, leases, options, commercial arbitration and insurances.
- PR618 VALUATION OF SPECIALIST URBAN PROPERTIES
This subject is designed as the capstone urban valuation subject. It deals with the valuation of complex urban properties, with special emphasis on commercial and industrial properties. The student is expected to have a thorough grounding in general valuation practices and principles through the pre-requisite subjects, and this unit then seeks to build on that basic knowledge. The subject addresses the problems encountered with the valuation of large properties, and seeks to equip the student with basic knowledge of these premises in order for on-going adjustments to be made in line with changing valuation methodology.
- PR619 VALUATIONS PRACTICE
The aim of this subject is to expose students to the practical considerations in the analysis and evaluation of the real estate market. Students will be expected to apply the principles covered in other valuation subjects, and in the co-requisite PR618 Valuation of Specialist Urban Properties to a series of practical valuations undertaken for different purposes.
- PR620 DEVELOPMENT DECISIONS
An examination of the process whereby land use decisions are arrived at with a particular investigation of the roles of the developer and the planner. Resource limitations, political processes and locational constraints in the decision process.
- PR621 RURAL VALUATION
The first semester in this subject will acquaint the student with the principles and practices of rural production and hence the basic elements comprising value in rural districts. It will also look to basic economic measurements in production and the methods available to the valuer to gauge production standards and capability.
The second semester is designed to acquaint students with the market for rural land, the economic realities within which the major rural industries operate, and the methods and approaches used in the valuation of rural land.
The classroom programme is complemented by an intensive field trip during which a series of valuations for differing purposes are carried out.
- PR640 PLANT AND EQUIPMENT VALUATION THEORY AND PROCEDURES
A review of basic plant and equipment valuation concepts, techniques and procedures. Topics will include valuations for insurance, financial accounting, acquisition, merger, tax, finance, business decisions, insolvency, rating and other purposes.
An introduction to the law, accounting standards and valuation guidelines governing plant and equipment valuations.
- PR650 PLANT AND EQUIPMENT VALUATION PRACTICE
A series of case studies and field exercises designed to provide the student with the practical application of the theoretical principles.
- PR660 PROPERTY RESEARCH METHODS SEMINAR
To enable students to acquire the necessary knowledge and skills, or to further develop their existing skills, to be able to successfully complete a post graduate research project involving a significant amount of research. The course provides an analysis of research articles, monographs and dissertations to evaluate the problem specification, data collection and analysis methods and reliability and significance of the conclusions. This subject will introduce students to a rational and ordered process for carrying out research into real estate topics.
- PR661 QUANTITATIVE METHODS
At the conclusion of this subject students should be able to:
- Understand various quantitative techniques and appreciate their applicability to the contemporary property industry;
- Solve specific property related problems using various computer packages;
- Appreciate the potential of computer assisted quantitative methods as an aid to decision making and management in the property arena.
- PR662 PROPERTY FINANCE SEMINAR
Investigates the many different instruments by which investment in real estate is financed. Covers the methods by which developers and investors raise their capital and analyse the tax implications of their decisions. Of particular interest is the need to understand the often competing demands for capital.
Topics include: real estate capital market; raising of equity capital; gap financing and construction loans; negotiating mortgage commitments, including enforceability liability, remedies; complex financial structures, including equity participation, joint ventures, sale/leaseback, interest rate swaps and syndications; managing interest rate risk.
Examines various securitisation techniques, syndications and other participatory financing structures.
- PR665 PROPERTY RESEARCH PROJECT
The subject is designed to give students an opportunity to undertake a research paper of approximately 15,000 to 20,000 words of a standard suitable for publication.
The research topic will be one of the students own choosing approved by the Course Co-ordinator.
- PR670 ECONOMIC STUDIES FOR REAL ESTATE
Provide an overview and appreciation of the marketing principles and practice and their application to the real estate industry. Development of an understanding of the major social and demographic factors affecting property development and investment in Australia. Development of an understanding of the Australian economic system and to develop an awareness and understanding of macro-economic problems and their impact upon the property industry.
- PR790 INDUSTRY STUDIES
An integrated course which investigates and applies the more advanced financial and quantitative skills and places emphasis on them through project applications using computer packages. The subject will include a major individual research project and a series of seminars on selected contemporary issues affecting real estate.
- BD104 BUILDING SYSTEMS
An examination of the various building techniques and service systems with emphasis on developing an appreciation of the positive and negative economic attributes of the various techniques and systems. Influence of construction technologies and methods on the development process. Relationship between form, function and financial outcome.
- BD406 BUILDING SERVICES
This subject is designed to introduce students to the various building service systems that operate within the building environment. To develop an appreciation of the problems associated with their operation, maintenance and cost efficiency.
- AD604 MANAGEMENT AND ADMINISTRATION
An examination of the executive's task within a property organisation with emphasis on skills required to ensure a management team works effectively; management of conflict and time; decision making techniques and negotiating skills.
