Property Management

This subject has the following teaching availabilities in 2010:

Any two of the following subjects (or equivalent):

None specified

For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements of this entry.
The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website: http://www.services.unimelb.edu.au/disability/

This core subject for the Bachelor of Environments property major draws together economic, physical/environmental, financial and legal aspects relating to the management of the property asset from the perspective of a managing agent or major property portfolio manager who are responsible for the performance of investment properties during the 95% of their economic life between the completion of initial construction and eventual demolition.

Topics include:

• what is property management?;
• stakeholders including: public and private perspectives, and owner/investor and occupier perspectives;
• managing properties from various use classifications;
• managing the physical asset: property inspections;
• services – contract management;
• planned programmed maintenance systems, etc.;
• legal, environmental and market demands including lease conditions and management;
• sustainability risk management;
• OHS;
• international comparisons.

When students have completed this subject they should be able to:

• understand the character and role of property management systems and practices across a range of property types from a range of stakeholder perspectives;
• be aware of the social, legal, economic and environmental impacts of property management practice;
• access, interpret and communicate data relevant to current property management issues.

• One three-hour end of semester examination (70%).
• Two assignments (30%) totalling not more than 2000 words.

Study Guide and Reader Property Management Annual publication

This subject is not available as a breadth subject.

Upon successful completion of this subject students will have had the opportunity to develop the following generic skills:

• analytical skills – an enquiring and analytical approach to the management of commercial property interests;
• communication skills – an enhanced ability to communicate analysed interpretations of property management outcomes through written and oral presentations;
• problem solving skills – an increased body of knowledge associated with resolution of contemporary issues and practices in property management; and
• team working skills – an enhanced ability to generate and communicate a range of relevant property management practices and procedures at an academic and professional standard.