Course Title: Applied Property Development

Part A: Course Overview

Course Title: Applied Property Development

Credit Points: 12.00

Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

OMGT2251

City Campus

Undergraduate

325H Property, Construction & Project Management

Face-to-Face

Sem 2 2013,
Sem 2 2014,
Sem 2 2015,
Sem 1 2016,
Sem 2 2016,
Sem 1 2017,
Sem 1 2018,
Sem 1 2019,
Sem 1 2020

Course Coordinator: Judith Callanan

Course Coordinator Phone: +61 3 9925 2644

Course Coordinator Email: judith.callanan@rmit.edu.au

Course Coordinator Location: 8.8.8


Pre-requisite Courses and Assumed Knowledge and Capabilities

From 1 January

Enforced Prerequisites:045742 Introduction to Property Development,  046928 Property Planning and Public Policy and 046927 Investment Valuation Methods

Prior to 2016You should have satisfactorily completed the prerequisite courses MKTG1318 Introduction to Property Development, OMGT2240 Property Planning and Public Policy, OMGT2239 Investment Valuation Methods and OMGT2242 Property Law Advanced before you commence this course.

OR

Alternatively you may be able to demonstrate the required skills and knowledge before you start this course.  Contact your course coordinator if you think you may be eligible for recognition of prior learning.  Further information: http://www.rmit.edu.au/browse;ID=x94or0ccuu7k


Course Description

This capstone course brings together the skills and discipline knowledge you have developed through your learning in this program. Under the guidance of your lecturer and supported by your engagement with industry, you will integrate and apply the property development knowledge and skills you have acquired to successfully complete a property development project, from its inception to completion. You will also further develop and apply your knowledge of property and planning legislation to the process of urban development and utilise your skills and knowledge to produce a feasibility report.

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
4 Utilise appropriate methods and techniques to design and /or execute research based or professionally focused property or valuation projects, demonstrating capacity for independent and collaborative learning, addressing real world industry issues
5 Collaborate effectively with others and demonstrate intellectual independence and autonomy to solve problems and/or address industry issues and imperatives
6 Critically examine and reflect on the profession , in local and/or global contexts, and question accepted interpretations and decision making


Course Learning Outcomes (CLOs)

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

  1. Apply specialised property development techniques and legislative requirements to produce a development proposal
  2. Undertake a feasibility analysis to determine the profitability of a property development.
  3. Analyse and synthesise property data to determine the most favourable outcome for stakeholders
  4. Analyse and synthesise property data to produce an urban development proposal applicable to sustainable future city growth
  5. Critically reflect on local and global development principles, to determine appropriate decision making


Overview of Learning Activities

Learning in this course will comprise lectures and workshops, including case study exercises, class discussions and presentations.


Overview of Learning Resources

RMIT will provide you with resources and tools for learning in this course through our online systems.
A compiled list of reading materials is provided for this course. Learning resources will also include market data.


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: Individual: Discuss and evaluate new technologies that impact future development requirements. 25% CLO4, CLO5

Task 2: Individual: This task is a development feasibility exercise that incorporates software training and certification, completed through an external platform using Estate Master Development Feasibility software. 25%. CLO2, CLO3, CLO4

Task 3: Group: This task requires you to produce a development proposal including full financial feasibility. Submission includes a presentation to the class on your development proposal. 50%. 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.