Course Title: Valuation Techniques and Property Analysis

Part A: Course Overview

Course Title: Valuation Techniques and Property Analysis

Credit Points: 12

Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

OMGT1165

City Campus

Postgraduate

325H Property, Construction & Project Management

Face-to-Face

Sem 1 2006,
Sem 1 2007,
Sem 1 2008,
Sem 1 2009,
Sem 1 2010,
Sem 1 2011,
Sem 1 2018,
Sem 2 2018,
Sem 1 2019,
Sem 2 2019,
Sem 1 2020

Course Coordinator: Dulani Halvitigala

Course Coordinator Phone: 9925 2722

Course Coordinator Email: dulani.halvitigala@rmit.edu.au

Course Coordinator Location: 8.8.73

Course Coordinator Availability: By Appointment or in office hours


Pre-requisite Courses and Assumed Knowledge and Capabilities

None


Course Description

This course examines valuation techniques and the principles of property analysis. You will develop the skills and knowledge required to undertake a property analysis and complete a valuation for complex and diverse properties, both residential and commercial properties. In doing so, you will utilise specialised valuation tools and techniques to determine property value. You will also develop the skills and knowledge required to determine investment feasibility and market trends. You will also critically examine the role micro economics in property.


Objectives/Learning Outcomes/Capability Development

Program Learning Outcomes (PLOs)

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

1. Determine and apply advanced knowledge of complex property theory to inform decision making in the local and global professional arena, demonstrating expert judgement and ethical decision making in your professional practice and discipline

2. Integrate and apply the specialist knowledge and technical skills required to address industry problems and/or commercial opportunities in property

3. Research and analyse theoretical knowledge and published data to address the diverse requirements of property stakeholders, formulating strategic business solutions for complex property projects

4. Professionally communicate property strategy, processes, propositions and/or decision making across the property and related sectors, leading and negotiating effectively with diverse stakeholders

7. Analyse and apply social, legal, economic and environmental policy frameworks to inform and justify decision making and to provide strategic, evidenced based advice as a property professional


Course Learning Outcomes (CLOs)

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

  1. Research, analyse and synthesise data, markets and trends to produce a valuation report for industry stakeholders
  2. Analyse the role micro economics plays in valuation and property decision making
  3. Apply valuation theory to justify site value and market trends
  4. Analyse, estimate and justify property value


Overview of Learning Activities

You will engage in a range of learning activities which include: case study analysis, class discussion groups and problem solving analysis.


Overview of Learning Resources

RMIT will provide you with resources and tools for learning in this course through our online systems. To support your learning a range of additional resources will be made available to you including class notes, relevant software and instructional videos.

This course also uses various reading references and these will be made available to students.


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 the concept of real property and its valuation, foundation of value and the property valuation process and data. 20% weighting. CLO1, CLO2, CLO3.    

Task 2: Major Assignment – Estimate the market value of a residential property and prepare a comprehensive valuation report in accordance with the API professional practice requirements. 40% weighting. CLO1, CLO2, CLO3, CLO4. 

Task 3: Final Exam – Examine students’ understanding of valuation theory, 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.