Course Title: Property Development

Part A: Course Overview

Course Title: Property Development

Credit Points: 12

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
OMGT1138	City Campus	Undergraduate	325H Property, Constr & Proj Mgt	Face-to-Face	Sem 1 2006, Sem 1 2007, Sem 1 2008, Sem 1 2009, Sem 1 2010, Sem 1 2011

Course Coordinator: Kathryn Robson

Course Coordinator Phone: +61 3 9925 3424

Course Coordinator Email:kathryn.robson@rmit.edu.au

Course Coordinator Location: 8.8.73

Course Coordinator Availability: As advised on School noticeboard

Pre-requisite Courses and Assumed Knowledge and Capabilities

OMGT1113 Property Concepts
BUIL1149 Property Economics

Course Description

This course provides an introduction to property development and the processes associated with it. It is designed to provide an understanding of the overall framework within which both public and private sector development takes place.

Objectives/Learning Outcomes/Capability Development

This course will provide you with a solid, beginning understanding of the nature of property development and the processes and complexities involved. It will give you an introduction to the literature relating to property development, planning and land use decision-making. It will also cause you to consider the broad real estate context within which development decisions are made. You should then be able to build upon the knowledge and capabilities achieved in later courses in the program, and to tailor outcomes that suit your needs in the short and longer terms.

On completion of this course is expected that you should be able to provide detailed reports on development, planning and land use decision-making issues affecting any particular property. You should also be able to match the needs of people with the optimum use and needs of land, to the maximum benefit of both.
It is expected that you will be able to demonstrate, in written and verbal form, a clear understanding of the planning and land use decision-making processes. You should be able to provide detailed commentaries in reports on the development aspects of property, and indicate a full understanding of the implications of planning restrictions or opportunities.

Overview of Learning Activities

For the best outcomes you need to undertake the set reading and research in the non-contact hours each week, prior to relevant classes when appropriate. In addition to the class, work on the assignment, self-directed visits, study and research take up the total time allocation for the course. You need to ensure that you fully understand the material you are dealing with – and please, if in doubt feel free to come and ask, and spend time outside class going over any material with the co-ordinator.

Discussion topics will, whenever possible, reflect real-life situations. The content and direction of the class discussion centres on five of the six key areas of capabilities identified by the university: reflective practice, evidence-based practice, problem diagnosis and solving, strategic thinking and action, and socially aware and responsible practice. The sixth area, communication is developed and tested within the assignment and tutorial work, and in the discussions leading up to the commencement and submission of that work.

A detailed online book Property Development by James Baxter will be posted on Blackboard, covering the semester’s lectures and providing detail and links to important information in line with the lecture series.

Overview of Learning Resources

This course has a Blackboard site, and detailed material is posted there. Emails may also be sent  and announcements made via Blackboard.

Overview of Assessment

Assessment in this course is broken down as follows

-   20% assignment,

-  20% Class exercises

-   60%  final exam. 

The assignment must be completed and submitted electronically .

The overall aggregate pass mark for this subject is 50%; however it will be necessary to achieve at least 40% in the assignment and exam (plus 50% overall).

Due dates for all assessments are deadlines. No late submissions of your assessment tasks will be accepted unless Special Consideration has been applied for and approved.

You should also be aware that the University regulations classify plagiarism as a form of cheating. Should you plagiarise work, or cheat in any other form, you will be subject to the University’s Discipline procedures, and may stand to suffer severe penalties.