Course Title: Valuations and Property Principles

Part A: Course Overview

Course Title: Valuations and Property Principles

Credit Points: 12.00

Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

OMGT2214

City Campus

Undergraduate

325H Property, Construction & Project Management

Face-to-Face

Sem 1 2010,
Sem 1 2011,
Sem 1 2012,
Sem 1 2014,
Sem 2 2015,
Sem 2 2016,
Sem 2 2017,
Sem 2 2018,
Sem 1 2019,
Sem 2 2019,
Sem 1 2020,
Sem 2 2020,
Sem 1 2021,
Sem 2 2021

OMGT2234

Singapore Inst of Management

Undergraduate

325H Property, Construction & Project Management

Face-to-Face

Offsh2 12

OMGT2249

SHAPE, VTC

Undergraduate

325H Property, Construction & Project Management

Face-to-Face

Offsh3 13,
Offsh3 14

Course Coordinator: Neville Hurst

Course Coordinator Phone: +61 3 9925 0280

Course Coordinator Email: neville.hurst@rmit.edu.au

Course Coordinator Location: 8.8.68

Course Coordinator Availability: Wednesday 11.30am - 12.30pm; Friday 11.30am - 12.30pm or by appointment via email


Pre-requisite Courses and Assumed Knowledge and Capabilities

None


Course Description

This course provides an introduction to property and the various drivers that determine its economic and social utility. You will become familiar with the terminology, standards, and practices of the property industry as you explore the political, environmental, social, and technological concerns which influence housing markets.  

You will gain insight into the legal responsibilities of property ownership by analysing landlord/tenant and other scenarios and be introduced to the basics of property market analysis. 

The course uses group projects, case studies, and individual activities that will allow you to study the intricacies of the housing market from many perspectives—from the theoretical to the practical.  


Objectives/Learning Outcomes/Capability Development

Program Learning Outcomes

In this course you will develop the following program learning outcomes:

  • PLO1: Determine and apply knowledge of complex property and valuation theory to your professional practice and/or further study
  • PLO2: Professionally communicate to a range of audiences, demonstrating in depth knowledge of the discipline and of the needs of diverse property and valuation stakeholders
  • PLO3: 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
  • PLO5: Collaborate effectively with others and demonstrate intellectual independence and autonomy to solve problems and/or address industry issues and imperatives
     


Course Learning Outcomes 

Upon successful completion of this course, you will be able to:  

  1. Identify the unique characteristics of residential property and its market drivers.
  2. Apply property theories, concepts, and practices to enable informed and rational property decisions.
  3. Make informed individual and collective decisions regarding property as a financial asset/investment.
  4. Present complex information regarding property and property markets for diverse audiences.  


Overview of Learning Activities

You will be actively engaged in a range of learning activities such as lectures, tutorials, seminars, project work, class discussion, individual and group activities. Delivery may be face to face, online or a mix of both. 


Overview of Learning Resources

RMIT will provide you with resources and tools for learning in this course through our online systems.  

There are services available to support your learning through the University Library. The Library provides guides on academic referencing and subject specialist help as well as a range of study support services. For further information, please visit the Library page on the RMIT University website and the myRMIT student portal. 


Overview of Assessment

You will be assessed on how well you meet the course learning outcomes and on your development against the program learning outcomes. 

Assessment Tasks 

Assessment Task 1 
Property Location 40%  
(Individual task, 1,200 words) 
CLOs: 1, 2 

Assessment Task 2 
Property Purchase 30%  
(Group task, approximately 1,000 + images/graphics, 5min recorded presentation) 
CLOs: 1, 2, 3 

Assessment Task 3 
Property Showcase 30% 
(Group task, approximately 1,200 words + images/graphics) 
CLOs: 2, 3, 4 

Feedback will be given 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 Equitable Learning Services if you would like to find out more. 

Your course assessment conforms to RMIT assessment principles, regulations, policies, procedures and instructions.