Course Title: Valuation Practice

Part A: Course Overview

Course Title: Valuation Practice

Credit Points: 12.00

Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

OMGT1177

City Campus

Postgraduate

325H Property, Construction & Project Management

Face-to-Face

 Sem 1 2007,
Sem 1 2008,
Summer2009,
Sem 2 2009,
Sem 1 2010,
Sem 2 2010,
Sem 1 2011,
Sem 2 2013,
Sem 2 2014,
Sem 2 2015,
Sem 2 2018,
Sem 1 2019,
Sem 2 2019,
Sem 1 2022,
Sem 2 2022,
Sem 1 2023,
Sem 2 2023,
Sem 1 2024

Course Coordinator: Dr Kusal Nanayakkara

Course Coordinator Phone: +61 3 9925 2230

Course Coordinator Email: kusal.nanayakkara@rmit.edu.au

Course Coordinator Location: 8.8.01

Course Coordinator Availability: By appointment


Pre-requisite Courses and Assumed Knowledge and Capabilities

Enforced Prerequisite: 011270 Valuation Techniques & Property Analysis

 


Course Description

This course builds on the skills and knowledge you have developed in Valuation Techniques & Property Analysis. You will develop your theoretical knowledge of valuation practices and principles applicable to commercial and industrial urban properties. In doing so you will undertake valuations of diverse property types, including commercial and specialised property assets. You will further develop your understanding of property value and the role of the valuation profession, the property market and property valuation methods. Through your engagement in authentic practice based valuation activities, you will develop the skills and knowledge required to source, analyse and synthesise property data and publically accessible information required to undertake a property valuation. Successful completion of this course contributes to the Australian Property Institutes qualification requirements for CPV certification.


Objectives/Learning Outcomes/Capability Development

Upon successful completion of this course you will develop the following program capabilities:
• Determine and apply advanced knowledge of complex property theory to inform decision making in the local and global professional arena, demonstrating expert judgement and ethical decision making in your professional practice and discipline
• Integrate and apply the specialist knowledge and technical skills required to address industry problems and/or commercial opportunities in property
• Research and analyse theoretical knowledge and published data to address the diverse requirements of property stakeholders, formulating strategic business solutions for complex property projects
• Professionally communicate property strategy, processes, propositions and/or decision making across the property and related sectors, leading and negotiating effectively with diverse stakeholders
 


Upon successful completion of this course you will be able to:
• Critically analyse and apply industry professional knowledge, theoretical, methodological and ethical concepts in valuation practices
• Critically analyse and synthesise property data to undertake an evidenced based market analysis
• Analyse and synthesise property data and trends to determine property value for a commercial or specialised property
• Formulate and defend a valuation report that complies with the Australian Property Institute (API) and Royal Institute of Chartered Surveyors (RICs) standards
 


Overview of Learning Activities

You will engage in a range of learning activities designed to develop your theoretical knowledge and practical skills. Learning in this course will be developed through lectorials which are designed to support your independent learning and interactions through discussions.


Overview of Learning Resources

RMIT will provide you with resources and tools for learning in this course through our online systems. A number of learning resources will provided by your lecturer to assist your learning including class readings, library resources, case studies and reference lists. You will also be required to independently source published reports, property data and industry journals.
The University Library has extensive resources for Master of Property students. The Library has produced a subject guide that includes quality online and print resources for your studies
The Library provides guides on academic referencing http://www.rmit.edu.au/library/referencing and subject specialist help via your Liaison Librarian Miranda Francis miranda.francis@rmit.edu.au


Overview of Assessment

You will be assessed on how well you meet the course’s learning outcomes and on your development against the program learning outcomes. Assessment may include, but is not limited to, a written valuation report and property data analysis report.
Feedback will be provided on all assessment tasks.
If you have a long term medical condition and/or disability it may be possible to negotiate to vary aspects of the learning or assessment methods. You can contact the program coordinator or the Disability Liaison Unit if you would like to find out more.
A student charter http://www.rmit.edu.au/about/studentcharter summarises your responsibilities as an RMIT student as well as those of your teachers.
Your course assessment conforms to RMIT assessment principles, regulations, policies, procedures and instructions which are available for review online: http://www.rmit.edu.au/policies/academic#assessment