Course Title: Property Development Analysis & Feasibility
Part A: Course Overview
Course Title: Property Development Analysis & Feasibility
Credit Points: 12.00
325H Property, Construction & Project Management
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,
Sem 1 2021,
Sem 2 2021
Course Coordinator: Judith Callanan
Course Coordinator Phone: +61 3 9925 2644
Course Coordinator Email: firstname.lastname@example.org
Course Coordinator Location: 8.8.8
Pre-requisite Courses and Assumed Knowledge and Capabilities
Enforced Pre-requisite Courses
Successful completion of 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.
Note: it is a condition of enrolment at RMIT that you accept responsibility for ensuring that you have completed the prerequisite/s and agree to concurrently enrol in co-requisite courses before enrolling in a course.
For your information go to RMIT Course Requisites webpage https://www.rmit.edu.au/students/student-essentials/enrolment/course-requisites.
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:
- Research , analyse and interpret financial data to determine the financial risks and potential outcomes for stakeholders within a commercial or residential development.
- Apply sound decision making skills to minimise financial and market risks in development
- Critically analyse trends in the property market to accurately predict future development opportunities
- 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.