MC212 - Master of Property

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Plan: MC212 - Master of Property
Campus: City Campus

Overview

Program details
Purpose of the Program
Articulation and pathways
Entrance requirements
External accreditation and industry links
Student expenses and charges in addition to fees
Library, IT and specialist resources

Program details

Award title: Master of Property
Award abbreviation: MProp
Total credit points: 192
Career: PGRD
Duration: Equivalent to 2 years FT or 4 years PT, (check Articulation & Pathways section for more detail)
Location: Onshore, City campus
Owning school: Property, Construction & Project Management (325H)
Owning school URL: www.rmit.edu.au/propertyconstruction
ASCED code: 089999
CRICOS code: 085116G

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Purpose of the Program

The Master of Property has been designed for you to develop specialised theoretical knowledge and technical skills in property and will enable you to meet the needs of this increasingly dynamic, diverse and complex  sector. This program emphasises the theoretical knowledge and practical skills and expertise required to work effectively as a property professional and meet the industry need for high level expertise,  and management. 

The courses in this program have been designed to enable you to critically engage with contemporary property theory and apply your developed knowledge and skills to creatively address industry problems and imperatives, and to realise business opportunities across the corporate and residential sectors. Courses have been designed to developed a breadth of skills  and knowledge, including within the domains of property acquisition, property management, property development, property feasibility and financing.

Through your learning in this program you will critically evaluate and apply key property concepts, processes and practices to assess and provide expert advice on property development projects. Your capability to analyse and interpret current and emerging trends and market forces within the property industry will also inform your expert judgement and decision making. You will develop a  breadth of specialised skills and knowledge which includes investment valuation techniques, property feasibility analysis, property data analysis, property acquisition, property development, property management and financing. The program is also designed to enable you to engage in industry focused research and to utilise your research skills to critically evaluate the property market.

A capstone experience is offered through either an individually negotiated professional practice project or a minor thesis in which you will integrate and synthesise your knowledge, connect theory to practice, and demonstrate your holistic achievement of the program learning outcomes. 

Upon successful completion of this program you will have developed the specialised skills and knowledge to enable you to work in a range of high level roles as a property specialist including in acquisition, property asset management, portfolio funds management, property analyst and property developer. 

As a graduate of this program, you will be equipped with a sound knowledge of property as an asset class within local and global contexts and be able to independently conduct research, and analyse current and emerging industry trends, to ensure expert individual and collaborative decision making. You will be equipped to apply your team work and management skills to formulate industry solutions, and provide informed evidenced based decision making in property. As a property professional you be will be a strategic thinker, responsive to future industry directions, and the needs of property stakeholders.

Successful completion of this program provides a pathway to a PhD.

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Articulation and pathways

If you have undertaken a Bachelor Honours degree, Graduate Certificate or Graduate Diploma you may be able to apply for credit which will be assessed on an individual case basis dependent on the qualification, program undertaken and GPA.

Information is available on the RMIT University website about how to apply for Credit Transfer or Recognition of Prior Learning (RPL) http://www.rmit.edu.au/students/enrolment/credit

Pathways

Pathways refer to related programs for which you may be eligible once you have graduated from your current program. Upon successful completion of this program you may be eligible to undertake further studies in related programs at RMIT University

Students who successfully complete GC051 Graduate Certificate in Property or GD090 Graduate Diploma in Property may articulate into MC212 Master of Property.  Students will receive 48cp or 96cps of exemptions respectively.  

The GC051 Graduate Certificate in Property or GD090 Graduate Diploma in Property are also  exit awards for the Master of Property. They are available to students upon successful completion of the four (4) course 48cps) or eight (8) courses (96credit points) specified in the program structure of the Masters.

Credit will be assessed consistently with the RMIT University credit policy and procedures.

 

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Entrance requirements

Entrance Requirements

A bachelor degree in any discipline. Applicants without an undergraduate degree who have a minimum of 8 years professional work experience in a related industry may also be considered. Applicants with professional experience at a senior level that is less than 8 years may also be considered

Prerequisites

There are no prerequisites for this program.

English language requirements

A minimum IELTS (Academic module) overall score of 6.5, with no band less than 6.0; or equivalent. For equivalents to English entry requirements, see the English equivalents web page http://www.rmit.edu.au/international/english-equivalent

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External accreditation and industry links

This program is accredited by the Australian Property Institute (API) (www.propertyinstitute.com.au)

The program meets the education requirements for CPV where API approved Valuation courses are taken. To be eligible to apply to the Australian Property Institute (API) for registration as a certified practising valuer, (CPV) you must hold a relevant undergraduate degree and complete the following 5 elective courses within the Master of Property:

  • OMGT2070 Valuation for Rural Property
  • OMGY2069 Valuations for Statutory Purposes
  • ACCT2127 Accounting for Managers
  • ENVI1134 Statutory Plan and Environment
  • OMGT1177 Valuation Practice

This program is also  accredited by the Royal Institution of Chartered Surveyors (RICS) (https://www.rics.org/au/). This provides global recognition of the Master of Property, and allows students to enrol in the RICS Institute as a student member and then progress to full membership.

Industry Links

The School of PCPM has substantial links with the Property and Business industry both within Australia and internationally. Employers and industry professionals are members of our Industry Advisory Board contribute to both the initial development and ongoing improvement of this program.

Their involvement ensures that the program remains relevant to your needs as a graduate and the needs of graduate employers. Many of the teaching staff within the program are practicing (or have been) industry professionals with extensive industry experience and contact networks.

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Student expenses and charges in addition to fees

Once you are enrolled as a student in this program you will need to allow for expenses other than university tuition fees.  Additional expenses may relate to the purchase of lecture notes, textbooks, stationery, consumables such as printer paper, fees levied by commercial internet service providers for internet access outside of the university campus, and other relevant costs.

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Library, IT and specialist resources

Library resources and services

As a student enrolled in a program at RMIT University you can access the extensive services, facilities and study space provided by the Library. You can access books, journals and other course related materials, such as DVDs, past exams, newspapers and e-books. Through our document delivery service you can also request items from any library in the world.

Computers for study are available at every Library site, where you can access the Internet, myRMIT (www.rmit.edu.au/myrmit) or Library e-resources. If you have a laptop you can access the RMIT University wireless network in the Library. Library staff can show you how to find information for your assignments or you can work through web-based tutorials or use our online Ask a Librarian service. The Library is continually expanding our electronic collections to make it easier for you to get the information you need when you need it. All RMIT University students have unlimited access to quality electronic resources such as, e-books, ejournals and newspapers.

You can find more information on Library resources and services at: http://www.rmit.edu.au/library

Online learning tools and content

You can access online learning tools and content for your program and associated courses at myRMIT
www.rmit.edu.au/myrmit

Services available to you as a student at RMIT University

RMIT University provides a wide range of resources and opportunities to assist your learning and wellbeing so you can achieve your study and career goals.

Services are available face to face and online assisting with:

  • transition to tertiary study and learning
  • study skills, academic skills including literacy, mathematics and basic sciences if relevant
  • enabling assistance if you have a disability, long term medical condition or other form of disadvantage which may impact on your learning
  • career development and employment
  • living and wellbeing (including advice on health, housing and financial matters)
  • opportunities for scholarships, leadership and study abroad
  • opportunities for participating in arts, sport, recreation, fitness activities as well as student activism and university governance

We also offer a friendly and supportive environment for Aboriginal and Torres Strait Islander students. You can find more information at www.rmit.edu.au/students

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