Recommended Study Sequence

Property Development Controls provides students with an understanding of the property planning process from both a State government and Local government perspective. The unit will cover the areas of planning instruments, planning process, property development control issues and planning applications. The unit will also address the areas of Planning and Environment Law, with specific reference to the legal framework that regulates planning and development in NSW and the impact of environmental law on the property industry in Australia.

Land Law seeks to give students an understanding and appreciation of the main legal concepts concerning property and interests in land, and of some of the technical rules used in land law, in a way which will be relevant to students development as property professionals. Students who successfully complete this unit will be familiar with and understand the main concepts of land law, be able to relate these concepts one to the other and to the practice of the property profession, and be familiar with the legal terminology relating to these concepts.

The value of special premises constitutes an important segment of valuation practice in Australia. A number of special valuation considerations arise in the appraisal of this class of premises. However, the most compelling reason for studying the valuation of special premises is the fact that these classes of property provide an ideal vehicle whereby valuation principles and methods of valuation can be critically evaluated by students.

To provide students with a background in relation to the general physical and economic factors of rural land and its development. To identify information and factors to be considered in the valuation of rural land and the process of rural sales analysis. To provide an understanding of the theory and techniques necessary to complete valuations of predominant types of rural property holdings. To identify and be aware of those environmental factors that influence rural land productivity and value.

This unit is replaced by 200711 Statutory Valuation in 2009. Compulsory acquisition and litigation is, as its name suggests, a combined unit which takes in both law and valuation. It is a capstone course in that it draws together what you have learnt in a number of valuation and law units. Hopefully it will enable you to perform better as a professional when you have completed the course. Students will demonstrate a comprehensive understanding of the principles of compensation and litigation in real estate.

Aims: To provide students with an overview of building regulations and construction techniques with an emphasis on low rise residential buildings; techniques of surveying land and buildings. Content: General process, local council, building regulations, permits, professions, players and makers, constraints (environmental and regulation), construction process (foundations, footings, framing, structure, cladding, services), history (architectural styles, economy), structural elements (bracing systems), envelope, surveying.

The development of business skills in the form of the application of information collection, analysis and evaluation, logical reasoning skills and communication skills relevent to business and economic issues.

This unit is an introduction to economic concepts and contemporary economic issues. It introduces students to basic concepts such as markets and their operation, the behaviour of firms, the efficiency and potential failings of free markets, the role of government, key macroeconomic variables and problems such as unemployment. It illuminates these concepts via application to contemporary economic issues and debates over different theoretical perspectives. This unit also exposes students to recent developments in economics via presentations by specialist guest lecturers.

This unit is broken down to four main topic areas. The first topic area will cover the various professions within the property industry with particular emphasis on the valuation profession. The second session will concentrate on the areas of academic and industry report writing. This section will also address the areas of academic study, lecture procedures and examination technique. The third section will cover topics in relation to residential valuation and introduce the valuation methodologies for the more advanced property types as well as the skills required for data collection. The fourth section will introduce the valuation mathematics required for later valuation units.

Aims: To provide students with an overview of building regulations and construction techniques with an emphasis on low rise residential buildings; techniques of surveying land and buildings. Content: General process, local council, building regulations, permits, professions, players and makers, constraints (environmental and regulation), construction process (foundations, footings, framing, structure, cladding, services), history (architectural styles, economy), structural elements (bracing systems), envelope, surveying.

This unit is a survey of the marketing process, introducing students to the marketing concept, strategic and marketing planning, marketing research, consumer and customer behaviour, issues of market segmentation, targeting and positioning as well as all the elements of the marketing mix (product/service, pricing, distribution and marketing communication strategies).

For information on this unit please contact the Unit Coordinators: Sharon Taylor (Blacktown and Campbelltown Campuses) and Jean McCartney (Parramatta Campus). This unit provides exposure to financial and management accounting information from a user viewpoint. The unit aims to provide breadth of awareness and knowledge in relevant fields of accounting essential to decision making for managers.

This is an introductory law unit designed to introduce the fundamentals of law in a commercial context. The unit introduces students to the basic principles of law and the legal system as well as examining some of the major areas of law that impact on commercial dealings. This unit examines the structure of the legal system, the way law is made, legal reasoning and problem solving. The main areas of law covered include contracts, torts and agency.

This unit covers five main topic areas. The first topic area, as well as revising valuation methodology, will extend the students knowledge in relation to industrial property valuation. The next area will concentrate on the hypothetical development method of valuation, which will also include strata valuation principles. The third main topic area introduces the valuation of partial interests and higher valuation mathematics. The fourth area covers statutory valuation and rating, taxing of property. The last area will introduce the students to commercial property valuation, elementary acquisition and resumption principles and valuer liability.

This Level 1 unit introduces the basic concepts and techniques of statistics that are particularly relevant to problem solving in business. It also provides a sound base for more advanced study in statistics and forecasting in subsequent sessions. Topics include: presentation of data; descriptive statistics; the role of uncertainty in business decision making; hypothesis testing; and basic forecasting.

This unit will provide students with good understanding of theory and practice of commercial valuation. All aspects of commercial valuation will be covered, including commercial valuation reporting standard of the Australian Property Institute.

This unit provides an opportunity for students to engage with the dynamics of the management of organisations. Students will be introduced to the connection between the way work and systems are organised and managed and their impact on individuals and societies. This is achieved by using case based opportunities to examine real life contexts. This is an essential unit for business students that can be taken by any student needing a broad initial understanding of management.

Property Development Controls provides students with an understanding of the property planning process from both a State government and Local government perspective. The unit will cover the areas of planning instruments, planning process, property development control issues and planning applications. The unit will also address the areas of Planning and Environment Law, with specific reference to the legal framework that regulates planning and development in NSW and the impact of environmental law on the property industry in Australia.

This unit is designed to provide students with the knowledge required for making property investment decisions. It teaches students how to systematically analyse potential property investments in the real world. The analysis is based on the discounted cashflow models, which utilizes techniques such as NPV, IRR and MIRR, etc.

This unit examines the role of property in an investment portfolio, with particular attention given to property portfolio performance analysis and property investment strategy. Indirect property investment vehicles in Australia and overseas are assessed, including listed property trusts, property syndicates, property securities funds and listed property trust futures. The performance analysis of both direct and indirect property is also examined to assess the strategic contribution of property to an investment portfolio.

To provide students with a background in relation to the general physical and economic factors of rural land and its development. To identify information and factors to be considered in the valuation of rural land and the process of rural sales analysis. To provide an understanding of the theory and techniques necessary to complete valuations of predominant types of rural property holdings. To identify and be aware of those environmental factors that influence rural land productivity and value.

Land Law seeks to give students an understanding and appreciation of the main legal concepts concerning property and interests in land, and of some of the technical rules used in land law, in a way which will be relevant to students development as property professionals. Students who successfully complete this unit will be familiar with and understand the main concepts of land law, be able to relate these concepts one to the other and to the practice of the property profession, and be familiar with the legal terminology relating to these concepts.

This unit critically evaluates the wide ranging nature of the property development process, from initial development concept through to the end use of completed development projects. Considesr the implications of the property development process and development decisions from the wide ranging points of view of developers, end users, financiers, public authorities and the community at large. Gains both a theoretical and an applied understanding of development appraisal techniques, including financial and feasibility aspects inherent in those techniques.

This unit will examine the operation of commercial property management as a discrete discipline of the property industry. Students will examine the fundamental principles of the day to day management of the various classes of mainstream commercial investment property. This unit will also enable students to understand the various duties of the commercial manager, including legislative and regulatory provisions and obligations. Students will understand the nature of contemporary commercial leasing practice and the relationship between building owner, building manager and tenants, including the vested interests and objectives of all concerned parties.

This unit is replaced by 200711 Statutory Valuation in 2009. Compulsory acquisition and litigation is, as its name suggests, a combined unit which takes in both law and valuation. It is a capstone course in that it draws together what you have learnt in a number of valuation and law units. Hopefully it will enable you to perform better as a professional when you have completed the course. Students will demonstrate a comprehensive understanding of the principles of compensation and litigation in real estate.

This unit is an integrating one, which brings together the skills property students have developed during the course. The unit encourages Property students to demonstrate their ability to solve multi disciplinary problems in relation to current and future property issues. The unit will also allow students to critically evaluate problems in the property industry to determine and assess potential policy options. Students research topics are determined from year to year by discussions between the individual student, the unit coordinator and the student's chosen supervisor.

The aim of this unit is to provide an insight into the corporate financial operations of property development companies, to understand the alternatives available for financing them and methods of evaluating these alternatives. In addition, the taxation aspects of property transactions are examined.

The value of special premises constitutes an important segment of valuation practice in Australia. A number of special valuation considerations arise in the appraisal of this class of premises. However, the most compelling reason for studying the valuation of special premises is the fact that these classes of property provide an ideal vehicle whereby valuation principles and methods of valuation can be critically evaluated by students.