Course Title: Valuations and Property Principles

Part A: Course Overview

Course Title: Valuations and Property Principles

Credit Points: 12


Course Code




Learning Mode

Teaching Period(s)


City Campus


325H Property, Construction & Project Management


Sem 1 2010,
Sem 1 2011,
Sem 1 2012,
Sem 1 2013,
Sem 1 2014,
Sem 1 2015,
Sem 2 2015,
Sem 1 2016,
Sem 2 2016,
Sem 1 2017,
Sem 2 2017,
Sem 1 2018,
Sem 2 2018,
Sem 1 2019,
Sem 2 2019


Singapore Inst of Management


325H Property, Construction & Project Management


Offsh2 12,
Offsh1 13,
Offsh3 13,
Offsh1 14,
Offsh3 14,
Offsh1 15,
Offsh3 15,
Offsh3 16,
Offsh3 17




325H Property, Construction & Project Management


Offsh3 13,
Offsh3 14,
Offsh3 15,
Offsh3 16

Course Coordinator: Neville Hurst

Course Coordinator Phone: +61 3 9925 0280

Course Coordinator Email:

Course Coordinator Location: 8.8.68

Pre-requisite Courses and Assumed Knowledge and Capabilities


Course Description

This course provides an introduction to property and the valuation of property. The course will cover the characteristics of property, the different property markets and the principles of property valuation.
The initial property valuation coverage will include the terminology used by valuers, professional standards as mandated within the industry and valuation mathematics.
This course will introduce the concepts of property and valuation analysis through a study of the:
• Nature of property and property markets
• introduction to property valuation
• Financial measurement and valuation mathematics
• Property market analysis techniques

Objectives/Learning Outcomes/Capability Development

Program Learning Outcomes

1 Determine and apply knowledge of complex property and valuation theory to your professional practice and/or further study
2 Professionally communicate to a range of audiences, demonstrating in depth knowledge of the discipline and of the needs of diverse property and valuation stakeholders
3 Apply logical, critical and creative thinking to analyse, synthesise and apply theoretical knowledge, and technical skills, to formulate evidenced based solutions to industry problems or issues
5 Collaborate effectively with others and demonstrate intellectual independence and autonomy to solve problems and/or address industry issues and imperatives

Upon successful completion of this course you will be able to:
• Identify the unique characteristics of property and crtically examine how property and valuation principles are applied in practice
• Analyse property and valuation concepts and theories
• Apply valuation mathematics to determine current property market value
• Explain the concept of value and its applicability to the property market, in both global and local contexts

Overview of Learning Activities

Your learning in this course will be developed through a variety of classroom activities that will include face to face lectures and workshops.

Overview of Learning Resources

RMIT will provide you with resources and tools for learning in this course through our online systems. The learning resources for this course will be communicated to you during the semester.

Overview of Assessment

The learning outcomes detailed above will be assessed in this course. You will be assessed on how well you meet the course’s learning outcomes and on your development against the program learning outcomes.
The assessment tasks may include, but are not limited to short essays, reports, individual and group assignments, class tests, and exam.

Feedback will be provided throughout the semester in class and/or online discussions, through individual and group feedback and by individual consultation

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.

An assessment charter ( ) summarises your responsibilities as an RMIT student as well as those of your teachers.

Your course assessment conforms to RMIT assessment principles, regulations, policies and procedures which are described and referenced in a single document:;ID=ln1kd66y87rc