Course Title: Investment Valuation Methods
Part A: Course Overview
Course Title: Investment Valuation Methods
Credit Points: 12.00
325H Property, Construction & Project Management
Sem 1 2016,
Sem 1 2017,
Sem 1 2018,
Sem 1 2019,
Sem 1 2020,
Sem 1 2021
Course Coordinator: Dulani Halvitigala
Course Coordinator Phone: +61 3 9925 2722
Course Coordinator Email: firstname.lastname@example.org
Course Coordinator Location: 8.8.70
Course Coordinator Availability: by appointment
Pre-requisite Courses and Assumed Knowledge and Capabilities
Enforced Pre-requisite Course
Successful completion of MKTG1320 Valuation Process and Methods
Note: it is a condition of enrolment at RMIT that you accept responsibility for ensuring that you have completed the prerequisite/s and agree to concurrently enrol in co-requisite courses before enrolling in a course.
For your information go to RMIT Course Requisites webpage https://www.rmit.edu.au/students/student-essentials/enrolment/course-requisites.
This course will build on the knowledge and skills you developed in Valuation Process and Methods. The objectives of this course are to provide you with the skills and knowledge necessary to create a discounted cashflow model to value income producing property. You will develop the knowledge, skills and expertise required to value income producing property, and to apply capitalisation methods
Please note that if you take this course for a bachelor honours program, your overall mark in this course will be one of the course marks that will be used to calculate the weighted average mark (WAM) that will determine your award level. (This applies to students who commence enrolment in a bachelor honours program from 1 January 2016 onwards. See the WAM information web page for more information.)
Objectives/Learning Outcomes/Capability Development
Program Learning Outcomes (PLOs)
In this course you will develop the following 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
Course Learning Outcomes (CLOs)
Upon successful completion of this course you will be able to:
- Interpret and apply valuation guidance notes and standards, both national and international, to produce valuation reports
- Analyse the valuation of income producing properties through the use of discounted cashflow models.
- Apply specialised valuation skills and knowledge to determine appropriate capitalisation and discount rates
- Critically analyse and apply principles of valuation to value income producing property and land to meet stakeholder requirements
Overview of Learning Activities
Learning activities in this course will comprise lectures and workshops, including case study exercises.
Overview of Learning Resources
RMIT will provide you with resources and tools for learning in this course through our online systems.
An industry text book is required for this course which will be supplemented with current reading material.
Learning resources will also include professional journals and Professional Valuation Practice Standards.
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 consists of:
Task 1: Class Test – Examine students’ understanding of property investment principles, cash flow estimation, traditional investment decision making techniques and retail property valuation process and methods. 10% weighting. CLO1, CLO4.
Task 2: Commercial Valuation Major Assignment – Part 1 – Perform and produce a comprehensive property and market analysis report for a commercial property. 25% weighting. CLO1, CLO4.
Task 3: Commercial Valuation Major Assignment – Part 2 – Estimate the market value of a commercial property and prepare a commercial valuation report. 25% weighting. CLO1, CLO2, CLO3, CLO4.
Task 4: Final Exam – Examine students’ understanding of valuation theory, commercial property valuation process, methods and application. 40% weighting. CLO1, CLO2, CLO3, CLO4.
Feedback will be given on all assessment tasks.
Equitable Learning Services
Equitable Learning Services (ELS) provide support and equal opportunities for students with a disability, long-term illness and/or mental health condition and primary carers of individuals with a disability. You can contact the ELS if you would like to find out more: https://www.rmit.edu.au/students/support-and-facilities/student-support/equitable-learning-services. You can also contact the course coordinator or the program coordinator if you would like to find out more.
An assessment charter (http://mams.rmit.edu.au/kh6a3ly2wi2h1.pdf) summarises your responsibilities as an RMIT student as well as those of your teaching staff.
Your course assessment conforms to RMIT assessment principles, regulations, policies and procedures which are described and referenced in a single document: http://www.rmit.edu.au/browse;ID=ln1kd66y87rc.