Course Title: Property Development Analysis & Feasibility

Part A: Course Overview

Course Title: Property Development Analysis & Feasibility

Credit Points: 12.00

Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

OMGT2268

City Campus

Postgraduate

325H Property, Construction & Project Management

Face-to-Face

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

You should have satisfactorily completed the prerequisite course(s) OMGT1165 Valuation Techniques and Property Analysis, MKTG1140 Investment Evaluation techniques, and JUST1137 Real Estate Law, or a relevant Property undergraduate degree 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
Note it is a condition of enrolment at RMIT that you accept responsibility for ensuring that you have completed the prerequisite/s before enrolling in a course.
For your information the RMIT Course Requisites policy can be found at: http://www.rmit.edu.au/browse;ID=twx09y07zi1c


Course Description

The analysis of financial and market data is a critical component for ensuring a viable and robust property development process. The ability to analyse financial and market data requires a comprehensive understanding of the financial tools for determining cashflow analysis and returns, including applying probability and sensitivity analysis techniques.

This course focuses on property development in the commercial and residential market. You will develop the skills and knowledge required to critically analyse commercial and residential property data to inform decision making within the property development process. You will deepen your knowledge of property development processes and apply this knowledge to address diverse stakeholder requirements.


Objectives/Learning Outcomes/Capability Development

Program Learning Outcomes

In this course you will develop the following program learning outcomes:
• Apply knowledge of advanced property theory and concepts to inform decision making in the local and global professional arena, demonstrating evidenced based judgment and ethical decision making
• Utlise specialised technical skills and techniques to evaluate and address industry problems, and provide leading professional advice relating to diverse asset classes and property projects
• Research, interpret and synthesise theoretical knowledge and published data to inform decision making for complex property projects
• Adopt a strategic perspective to property projects in response to new and emerging industry trends and directions


Course Learning Outcomes (CLOs)

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

  1. Research , analyse and interpret financial data to determine the financial risks and potential outcomes for stakeholders within a commercial or residential development.
  2. Apply sound decision making skills to minimise financial and market risks in development
  3. Critically analyse trends in the property market to accurately predict future development opportunities
  4. Create a discounted cashflow, applying sensitivity and probability analysis, to determine financial returns for the valuation and development of property.


Overview of Learning Activities

This course will engage you in a range of learning activities including lectures, workshops, case study analysis, software application, analysis of readings and problem solving. These techniques will enhance you learning and understanding of property development.


Overview of Learning Resources

You will be expected to utilise library and electronic resources (as well as other appropriate resources) to engage in professional reading of relevant literature in Property Development. The learning resources used in this course may include: workshop activity sheets, independently sourced readings and data, and recommended texts. RMIT will provide you with the resources and tools for learning in this course through our online systems.


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: This task is a development feasibility exercise that incorporates software training and certification. Training is completed through external platform Argus Estate Master Development Feasibility software. 30%. CLO4

Task 2: Individual: Development report, including basic financial analysis. 20% CLO1, CLO2, CLO3, CLO4

Task 3: Individual: This task requires you to produce a development proposal including full feasibility report & recommendation Involving complex planning analysis, and financial analysis utilising Estate Master. 30% CLO1, CLO2, CLO3, CLO4

Task 4: Individual: This task requires you to produce a development proposal concentrating on the full financial feasibility incorporating Estate Master analysis. Submission includes a presentation to the class on your development proposal. 20%. 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.