Property Market Analysis

Course aim

To provide students with the basic skills, methods and concepts to analyse property data; create, evaluate and use automated valuation models and property indices.

Course content

Cross-sectional and time series property databases; measuring relationships using categorical and continuous data; correlation and simple regression models; multiple regression; application of regression to property market research, automated valuation models and grid adjustment valuation techniques; evaluation of models using IAAO standards; development and analysis of property price indices; distributed lag models, univariate time series models; time series smoothing and seasonality; methods used to develop property indices; application of appropriate computer software.

Textbook(s)

Koop 2009, Analysis of Economic Data, 3, Wiley, Chichester

Prerequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
MATH 1053	Quantitative Methods for Business
BUSS 1055	Discovering Opportunities in Property

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Lecture	1.5 hours x 13 weeks
Workshop	1.5 hours x 13 weeks
EXTERNAL, CITY WEST, ONLINE
External	x 13 weeks

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

Assessment

Assignment 1 - Individual, excel exercises, Assignment 2 - Team based, develop, test, apply an AVM, Assignment 3 - Individual, property indexing and modelling, Examination

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:
How to determine your Commonwealth Supported course fee. (Opens new window)

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:
How to determine the relevant non award tuition fee. (Opens new window)

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.