Property Securitisation

Subject ABPL90034 (2010)

Note: This is an archived Handbook entry from 2010.

Credit Points: 12.50
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2010:

Semester 1, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period not applicable
Assessment Period End not applicable
Last date to Self-Enrol not applicable
Census Date not applicable
Last date to Withdraw without fail not applicable

On campus

Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: 2 hours per week (1 x 2 hour seminar)
Total Time Commitment: 24 hours.
Prerequisites: The subject below or an equivalent.
Subject
Study Period Commencement:
Credit Points:
Corequisites: None specified
Recommended Background Knowledge: None specified
Non Allowed Subjects: None specified
Core Participation Requirements: None specified

Coordinator

Dr Harry Karamujic

Contact

Environments and Design Student Centre
T: +61 3 8344 6417/9862
F: +61 3 8344 5532
E: msd-courseadvice@unimelb.edu.au
Subject Overview:

Topics covered include:

  • The relationship between direct and indirect ownership of property;
  • Property trusts, funds and companies;
  • Partnerships and joint ventures;
  • Subdivisions and time shares;
  • Asset allocation and asset selection;
  • Single property vehicles, multiple property undiversified vehicles, multiple property diversified vehicles;
  • The treatment of depreciation and obsolescence;
  • Perpetuities and terms certain.
Objectives:

At the end of the subject students should be able to:

  • Apply modern investment theory to the analysis of indirectly held property assets;
  • Construct a property trust vehicle;
  • Construct a syndicated vehicle;
  • Understand depreciation and obsolescence in the context of property trusts;
  • Understand the nature of property ownership entities.
Assessment: Case study projects and assignments totalling 5000 words (100%).
Prescribed Texts: None specified
Recommended Texts: Course materials and reader.
Breadth Options:

This subject is not available as a breadth subject.
Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:

Students should have improved advanced generic skills as follows:

  • Skills and techniques available to the discipline;
  • Problems solving approaches;
  • Research methodologies;
  • Computer and information technologies;
  • Professional competences;
  • Oral, written and other presentation skills;
  • Participation in projects that require teamwork.
Links to further information: http://www.abp.unimelb.edu.au/environments-and-design-students/melbourne-school-of-design-students.html
Related Course(s): Master of Property
Master of Property

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