Property Development

Subject ABPL90026 (2011)

Note: This is an archived Handbook entry from 2011.

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

This subject has the following teaching availabilities in 2011:

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

Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: 1 x 2 hour lecture per week; 1 x 1 hour tutorial per week
Total Time Commitment: 120 hours

Entry into the Melbourne School of Design or approval from the subject coordinator.

Corequisites: None
Recommended Background Knowledge: None
Non Allowed Subjects: Students who have completed the following subjects are not eligible to enrol in this subject:

702-418/702-659 "Land Economy"

702-418/702-659 "Property Development and Investment"

702-418/702-659 "Property Development"
Core Participation Requirements:

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:


Dr Harry Karamujic


Environments and Design Student Centre
Ground Floor, Baldwin Spencer (building 113)

Phone: 13 MELB (13 6352)

Subject Overview:

This subject aims to give students the knowledge and skills to be able to operate as a property professional in the area of development advice and decision making in property development. It comprises:

  • the development process and the major players;
  • time value of money;
  • the decision to build;
  • property market research and analysis;
  • appreciation of investment and market valuation methods;
  • development appraisal including residual analysis and cash flow modelling;
  • price and worth; risk, return and risk analysis.


On completion of the subject students should be able to:

  • understand the important factors influencing the decision to build and develop a property;
  • place property in the context of business organizations, property, urban planning, design, construction and quantity surveying;
  • identify a site or property suitable for a major property development;
  • complete a development appraisal for a major property development;
  • model property development cash flow;
  • apply industry standard software to the development process;
  • evaluate the viability of property development proposals.

  • One end of semester three hour examination (50%).
  • One assignment (20%) - 1500 words due mid-semester.
  • One assignment (30%) - 2000 words due towards the end of the semester.

A minimum mark of 40% must be achieved in the examination in order to pass the subject.

Prescribed Texts: None
Breadth Options:

This subject is not available as a breadth subject.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:

On completion of the subject students should have developed the following skills and capabilities:

  • professional/industry communication;
  • team working;
  • analytical and problem solving skills;
  • experience of industry software applications.

Related Course(s): Graduate Diploma in Property Valuation
Master of Construction Management
Master of Construction Management
Master of Property
Master of Property
Master of Urban Planning
Master of Urban Planning

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