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.

100 points of Property subjects.

Course planning for a Property major

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

• 100 points of Property subjects;

PLUS

• In first year: 25 points of Level 1 Environments & Enabling Electives are required for the major

Specific details of the Bachelor of Environments course structure can be found at:

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

MATHEMATICS BACKGROUND

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 enabling subjects for the Property major), ABPL20031 Principles of Property and ABPL20052 Investments and Finance for Property.

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 2015 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.

PRE-2015 STUDENTS: Students who commenced the Bachelor of Environments prior to 2015 should refer to the handbook entry for the year they commenced in conjunction with the 2015 handbook listings for Environments elective and Breadth subject listings. View 2014 Bachelor of Environments Handbook entry here

Level 1 Environments & Enabling Electives (25 points)

In order to complete this major, enrol into ALL these subjects in your first year:

IMPORTANT:

1. If you do not have the required mathematics background of VCE Mathematical Methods Units 3 and 4, enrol into MAST10012 Introduction to Mathematics
2. ECON10004 Introductory Microeconomics can also be taken as a Breadth Subject.

Property major - core subjects (100 points)

All of

Environments Discipline subjects (50 points)

Choose the total of

1. 50 points of Environments Discipline subjects

RULES:

Please note these rules when choosing the Environments Discipline subjects below

1. Must complete 12.5 points level 2 subjects
2. Must complete 12.5 points level 3 subjects

Select from this list: Environments Discipline subjects

Breadth subject and restrictions for Property major students

RECOMMENDED BREADTH SUBJECT

In order to meet the requirements for accreditation, students intending to major in Property are strongly recommended to undertake the following subject as breadth. This subject can also be taken as a Level 1 Environments & Enabling Elective.

BREADTH RESTRICTIONS

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.

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)