Property major

Property is about ownership, management and occupation of land and buildings. It is concerned with the management of assets, people, processes and finances related to specific buildings and across the property industry. Just as the property industry embraces both buildings and commerce, so will students' studies in property, with subjects undertaken in everything from economics and finance, property valuation, construction, facility management to urban planning and law.

Careers and Further Study

Bachelor of Environments graduates with a Property major might obtain work in valuation, investment, development, portfolio management, property and facility management, corporate real estate and land economics. The Property major also provides a strong grounding to prepare you for further studies in the Master of Property. For more information on the Master of Property please visit the Melbourne School of Design web site: http://msd.unimelb.edu.au/

By the end of a three year Bachelor of Environments degree with a Property major, students will have developed a strong understanding of the processes and finances related to specific buildings and will have competence and knowledge across a wide range of property issues. For more information visit: www.benvs.unimelb.edu.au

112.5 points (9 subjects) of Property subjects (including Principles of Business Law).

Course planning for a Property major

A major in Property in the Bachelor of Environments consists of:

• 112.5 points (9 subjects) of Property subjects (including Principles of Business Law);

• 37.5 points (3 subjects) of core first year subjects (Natural Environments, Reshaping Environments and Urban Environments);

• 12.5 points (1 subject) of first year subjects that are core to the major (either Constructing Environments or Governing Environments).

Students must complete the capstone subject: ABPL30045 Property Analysis Studio

This is in addition to electives and breadth to make up the 300 points required for the degree. Specific details of the Bachelor of Environments course structure can be found at:

https://handbook.unimelb.edu.au/view/current/B-ENVS

A mathematics background is necessary for students majoring in Property. Please note, knowledge of VCE Mathematical Methods Units 3 and 4 will be assumed. Students without this background may need to take a bridging subject in mathematics as Level 1 breadth. This bridging subject is MAST10012 Introduction to Mathematics and it is equivalent to VCE Mathematical Methods Units 3 and 4; entry into the subject requires a mathematical background equivalent to Mathematical Methods Units 1 and 2. This level of mathematics knowledge is required for students to enrol in ECON10004 Introductory Microeconomics (one of the recommended breadth subjects for accreditation)

The following description of the Property major aligns with the Study Plan Structure viewable on the Portal for students who commenced the Bachelor of Environments in 2013 or later.

The components within the structure of this major have been designed to enforce the requirements of both this specific major and of the course overall, e.g. the requirement that at least 62.5 points of Environments discipline subjects (which can include subjects taken within the major) are taken at each of Level 2 and Level 3.

It is strongly recommended that students refer to the full description of this major.

The layout of this description is not necessarily in the order in which subjects are taken.

E.g. breadth subjects should be taken in a student's first year and the information on breadth is displayed at the end of this entry.

Students who commenced the Bachelor of Environments prior to 2013 should refer to the handbook entry for the year they commenced in conjunction with the 2013 handbook listings for Environments elective and Breadth elective subjects.

Level 1 Core subjects - Bachelor of Environments (37.5 points)

Core subjects that must be taken by all Bachelor of Environments students.

All of

Level 1 Environments Electives (37.5 points)

Select three of the following subjects.

N.B.

• ENVS10003 Constructing Environments must be taken by students intending to undertake the Property major.

Property major - core subjects (112.5 points)

All of

N.B. BLAW10001 Principles of Business Law may be taken in any year of study.

Level 2 Environments elective subjects (12.5 points)

Select one x 12.5 point subject at Level 2 from the list of Environments Discipline subjects

Level 3 Environments elective subjects (25 points)

Select one x 12.5 point subjects at Level 3 from the list of Environments Discipline subjects

Level 2 or 3 Environments elective subjects (12.5 points)

Select one x 12.5 point subjects at either Level 2 or Level 3 from the list of Environments Discipline subjects

Breadth subjects

Bachelor of Environments students must complete between 50 and 75 credit points of subjects selected from those available as breadth for Bachelor of Environments students; with no more than 37.5 points at Level 1. For a complete listing of available subjects please click the 'Find breadth subjects' link on the Handbook homepage and perform a search.

The breadth requirements for the Bachelor of Environments include the restriction of some subjects as breadth options, depending on an individual student’s choice of major. Subjects in the Handbook that are marked as available as breadth in the Bachelor of Environments may be subject to further restrictions, depending up which major a student is completing in that course. Detailed information on these Restrictions for Breadth Options is available.

In order to meet the requirements for accreditation, students intending to major in Property are strongly recommended to undertake the following subjects as breadth.

Students who have previously completed VCE Mathematical Methods Units 3 and 4 (or equivalent) are not required to complete additional mathematics subjects. That subject (or equivalent) is a prerequisite for ECON10004 Introductory Microeconomics. Students who have completed VCE Mathematical Methods Units 1 and 2 only (or equivalent) will be eligible to enrol in MAST10012 Introduction to Mathematics which is an alternative prerequisite for ECON10004 Introductory Microeconomics.

Students majoring in Property must not take Level 1 subjects as part of the Free Points component of the course to ensure that the course points limit for Level 1 subjects is not exceeded.

Breadth restrictions for Property major students

Students undertaking the Property major are not permitted to take as breadth:

• any Accounting subjects (subject codes beginning ACCT)

• any Economics subjects (subject codes beginning ECON) - with the exception of ECON10004 Introductory Microeconomics and ECON10003 Introductory Macroeconomics

• any Finance subjects (subject codes beginning FNCE)

• any Management subjects (subject codes beginning MGMT)

• any of the following Level 2 or Level 3 Construction subjects:

For more information on this major and to view a sample course plan please visit: http://edsc.unimelb.edu.au/sample-course-plans-bachelor-environments

The Bachelor of Environments Property major provides a pathway into the Master of Property. It is expected that graduates of the Master of Property will have completed the academic requirements for membership of:

• Australian Property Institute (API)
• Royal Institution of Chartered Surveyors (RICS)