Property Investment

Subject ABPL90036 (2016)

Note: This is an archived Handbook entry from 2016.

Credit Points: 12.5
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2016:

Semester 2, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period 25-Jul-2016 to 23-Oct-2016
Assessment Period End 18-Nov-2016
Last date to Self-Enrol 05-Aug-2016
Census Date 31-Aug-2016
Last date to Withdraw without fail 23-Sep-2016

Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: 1 x 3 hour studio per week
Total Time Commitment:

170 Hours


One of the following subjects or equivalent:

Study Period Commencement:
Credit Points:
Corequisites: None
Recommended Background Knowledge: None
Non Allowed Subjects: None
Core Participation Requirements:

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support:


Dr Hao Wu


Subject Coordinator email:

The Eastern Precinct (building 138)
(between Doug McDonell building and Eastern Resource Centre)

Current Student:

Subject Overview:

This subject is a survey of investment decision-making in the context of property, with a focus on cash flows, return, and value. Property investments are surveyed with emphases on the analysis of commercial real estate and the theory and methods of investment analysis in respect to tax and financial consequences. Financial and non-financial factors influencing the investment feasibility of income-producing property are covered.

Learning Outcomes:

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

  • Evaluate property cash flows for asset valuation;
  • Conduct risk return analysis to property investment decisions;
  • Apply modern investment theory to the analysis of directly held property assets;
  • Compare the risk and return profile of property portfolios with other asset classes; and
  • Use spreadsheet based financial modelling techniques and property information softwares.

Discussion questions, due weeks 3, 5, 8, 11, 20%, 1000 words.

Mid-term exam, due week 6, 40%, 2000 words.

Final Exam, due end of semester, 40%, 2000 words.

Prescribed Texts: None
Recommended Texts:

G. Brown and G. Matysiak, Real Estate Investment: A Capital Market Approach, Prentice Hall, 2000.

Breadth Options:

This subject is not available as a breadth subject.

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

This subject is intended to develop the following generic skills:

  • Communication skills: written and oral skills developed through online and verbal discussion threads;
  • Spreadsheet/Calculator skills: competent use of Microsoft Excel and financial calculator required in class and in tutorials;
  • Synthesis and professional application: application of practical and theoretical concepts to investment decision-making through midterm and final examinations;
  • Personal skills: individual time management, self-directed reading and information synthesis.
Related Course(s): Master of Property
Master of Property
Related Majors/Minors/Specialisations: 200 point Master of Property
300 point Master of Property
Melbourne School of Design multidisciplinary elective subjects

Download PDF version.