Property Development

Course aim

To provide students with an understanding of the entire process of property development and an appreciation of the role of the property professional in the property development process.

Course content

Principles of urban and regional planning, property development processes, environmental impact studies, including the property development process and participants; inception and refinement of the development idea
through market research; the public roles and development approvals; the formal feasibility study; DCF applications in feasibility and lifecycle analysis; valuation of development land and incomplete property developments; financing the development; contracts, commitment and construction; completion, marketing and management; development of residential land subdivisions; trends and issues in property development.

Textbook(s)

Miles, ME, Netherton, LM & Schmitz, A 2015, Real Estate Development: Principles and Process, 5th edition, ULI - The Urban Land Institute, Washington DC

Prerequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
ECON 2013	Property Economics
BANK 2007	Business Finance

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Preparatory	1 x 1 week
Lecture	1.5 hours x 10 weeks
Tutorial	1.5 hours x 10 weeks
EXTERNAL, CITY WEST, ONLINE
External	30 hours x N/A

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Examination, Report, Test/Quiz

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 4C)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.