Commercial Property Valuation

Course aim

To enable students to apply the principles, methods and practice of commercial property valuation.

Course content

The application of valuation techniques, including the use of discounted cash flow analysis, utilising appropriate industry software; financial concepts and methodologies underlying the income approach to property valuation; freehold and leasehold analysis; investment and development analysis; and profit based valuations including but not limited to hotels, restaurants, cinemas, care homes etc.

Textbook(s)

Baum, A, Mackmin, D & Nunnington, N 2017, The income approach to property valuation, 7th, Routledge, London

Prerequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
ECON 2013	Property Economics
BANK 2007	Business Finance
BUSS 2069	Property Asset Management

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 NA

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

Assessment

Examination, Presentation, 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.