Property Resources and Management

This subject has the following teaching availabilities in 2012:

150 Hours

Conversant with Excel spreadsheet construction including financial and statistical functions.

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 course are articulated in the Course Description, Course Objectives and Generic Skills 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 subject aims to provide a range of applied skills to operate as a property professional in the area of property valuation and management. The subject examines:

• ownership and use perspectives as they apply to investment, valuation and management of real property as a business;
• property classes, market sectors and specialised properties;
• managing the physical asset in the various ownership and use scenarios, including legal, OHS, risk management, environmental and market demands;
• lease income and management.

The application of quantitative methods in analysis will be emphasised. These will include: discounted cashflow analysis, real estate finance and financial analysis, post taxation analysis and securitisation.

At the conclusion of this subject, students should be able to:

• model property valuation and investment financial flows;
• understand the principles and techniques of property and asset valuation and analysis;
• understand the effects of taxation and finance on property investment and development;
• 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.

• One 3-hour end of semester examination (60%).
• One assignment in the first half of semester (20%), equivalent 1000 words.
• One assignment due at the end of the semester (20%), equivalent 1000 words.

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

Valuation of Real Estate, Australian Property Institut, 2007.

This subject is not available as a breadth subject.

In this subject students will develop:

• computer skills using spreadsheets, online data bases and investment analysis software;
• analytical skills – financial analysis techniques and taxation allowances in solving investment property valuation and analysis problems;
• 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;
• team working skills – an enhanced ability to generate and communicate a range of relevant property management practices and procedures at an appropriate academic and professional standard.