Course Title: Valuations and Property Principles

Part A: Course Overview

Course Title: Valuations and Property Principles

Credit Points: 12

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

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 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

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 (CLOs)

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

  1. CLO1: Identify the unique characteristics of property and critically examine how property and valuation principles are applied in practice
  2. CLO2: Analyse property and valuation concepts and theories
  3. CLO3: Apply valuation mathematics to determine current property market value
  4. CLO4: 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

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: Online test. Content will cover week 1 through to week 4, inclusive. 10% weighting. This assessment addresses CLOs 1&2.

Task 2: Individual assignment - Investing in real estate. 35% weighting. This assessment addresses CLOs 1-4.

Task 3: Second online test. Content will cover week 5 through to week 10, inclusive. 10% weighting. This assessment addresses CLOs 1-3.

Task 4: Exam (individual). 45% weighting. Exam details will be available in due course. This assessment addresses CLOs 1-4.

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