PROP 7002 - International Property

North Terrace Campus - Semester 2 - 2017

This course focuses on property development in an international location outside of Australia. It examines the development process, using models previously taught, but in a different legal, regulatory, professional, economic, cultural and climatic context.

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Course Details

Course Code	PROP 7002
Course	International Property
Coordinating Unit	School of Architecture and Built Environment
Term	Semester 2
Level	Postgraduate Coursework
Location/s	North Terrace Campus
Units	3
Contact	Offshore studio over a an intensive 7-10 day period
Available for Study Abroad and Exchange	N
Prerequisites	PROP 7000
Assumed Knowledge	The development process, property market economics and research, property valuation
Assessment	-Pre departure preparation 20%, -attendance and participation 10%, final report and presentation 70%

Course Staff

Course Coordinator: Professor Jon Kellett

Course Timetable

The full timetable of all activities for this course can be accessed from Course Planner.

Course Learning Outcomes

On successful completion of this course students will be able to:

Demonstrate knowledge and understanding of the development process in an international context;
Critically appraise the specific risks associated with development and investment in a country including economic, geo-political, demographic and currency and evaluate their potential impact upon the viability of a development proposal;
Critically appraise, economic, legal, valuation, planning and sustainability principles in an international property development context;
Apply development appraisal and evidence based forecasting to analyse international development opportunities;
Provide reasoned advice to international clients on development opportunities in a variety of global locations.

University Graduate Attributes

This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

University Graduate Attribute	Course Learning Outcome(s)
Deep discipline knowledge informed and infused by cutting edge research, scaffolded throughout their program of studies acquired from personal interaction with research active educators, from year 1 accredited or validated against national or international standards (for relevant programs)	1
Critical thinking and problem solving steeped in research methods and rigor based on empirical evidence and the scientific approach to knowledge development demonstrated through appropriate and relevant assessment	2,3,5
Teamwork and communication skills developed from, with, and via the SGDE honed through assessment and practice throughout the program of studies encouraged and valued in all aspects of learning	2,3,4
Career and leadership readiness technology savvy professional and, where relevant, fully accredited forward thinking and well informed tested and validated by work based experiences	1,2,3,4,5
Intercultural and ethical competency adept at operating in other cultures comfortable with different nationalities and social contexts able to determine and contribute to desirable social outcomes demonstrated by study abroad or with an understanding of indigenous knowledges	1,2,3,4,5
Self-awareness and emotional intelligence a capacity for self-reflection and a willingness to engage in self-appraisal open to objective and constructive feedback from supervisors and peers able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate	2,3,5

Learning Resources

Required Resources

Learning resources from a number of other courses on the M property program are relevant as this is a courses which seeks to synthesise knowledge and skills across the program. Resources specific to the study location will be collected and provided on the course MyUni site by the course co-ordinator. Much of this latter material is likely to consist of market data and economic reports which are published by government and industry rather than pure academic resources such as journal articles and text books.
Learning & Teaching Activities

Learning & Teaching Modes

The learning and teaching mode is an intensive active project carried out in an unfamiliar location. It requires students to apply property research and appraisal concepts and skills already developed in the program to a novel situation. The project focuses on a development solution for a specified site or sites in an international location. Students will carry out some preparation for the project before departure (see below) but the majority of the work will be undertaken in an intensive period of a few days with appropriate tutor support available on a regular basis.

Workload

The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

Students are required to attend pre departure preparation workshops. These may be delivered face to face or virtually via the MyUni portal. One assignment deliverable is required pre departure. The project work itself will be scheduled as an intensive residential block over 6-8 days.
The time allocation should reflect the assessment weighting in the schedule below.

Learning Activities Summary

Essential information on property specific research and approaches to development appraisal are provided in a range of courses namely PROP 7001 Property Research and Marketing CORPFIN 7049 Real Estate Valuation, ECON 7200 Principles of Economics, PROP 7000 Development & Construction. Students are asked to apply this range of knowledge in the project which forms the central component of this course. Essentially this course consists of “learning by doing”, applying broad range of conceptual knowledge and practical skills to a development project in an unfamiliar context. Students will work intensively over a period of several days with tutor support and input from local practitioners and academics to address the development problem specified.

The University's policy on Assessment for Coursework Programs is based on the following four principles:

Assessment must encourage and reinforce learning.
Assessment must enable robust and fair judgements about student performance.
Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
Assessment must maintain academic standards.

Assessment Summary

Assessment task	Collaborative/Individual	Weighting	Word count/Time	Due date (week)	Learning outcomes
Market report	Individual	25%	2,000	Mid semester	1,2,3,4,5
Project presentation	Group	50%	Oral 20 minutes	End of project	1,2,3,4,5
Project summary	Individual	25%	1,000	End of project	1,2,3,4,5
Total		100%

Assessment Detail

Assignment 1: A property market report on the country/ city here the project will take place. This should specify and use a variety of sources to identify specific risks, rewards and opportunities relating to property development in the specified location. This is an individual piece of work which should be presented in report format (maximum 2000 words) before departure for the project destination.

Assignment 2: This consists of a group oral presentation delivered on site at the end of the project field study. It should build on assignment 1, utilising a structured, highest and best use approach to present a costed and fully justified design solution for the designated site, in the target international location.

Assignment 3: This is an individual summaryreport ( maximum 1000 words) which relates to the group presentation outlined in Assignment 2. It should consist of an executive summary style report of the entire project. The assignment should be delivered within 2 weeks of returning from the project location.

Submission

All work should be submitted electronically using the course MyUni site. Students should ensure that work is submitted on time on or before the due date
Late work will not be marked.
Extensions will be granted for valid reasons such as illness but these must be arranged with the course co-ordinator before the submission deadline.
Where appropriate, Harvard referencing conventions should be used.

Course Grading

Grades for your performance in this course will be awarded in accordance with the following scheme:

M10 (Coursework Mark Scheme)
Grade	Mark	Description
FNS		Fail No Submission
F	1-49	Fail
P	50-64	Pass
C	65-74	Credit
D	75-84	Distinction
HD	85-100	High Distinction
CN		Continuing
NFE		No Formal Examination
RP		Result Pending

Further details of the grades/results can be obtained from Examinations.

Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

Final results for this course will be made available through Access Adelaide.

Student Feedback

The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
Student Support
Policies & Guidelines
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Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.

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Maintained by:	Course Outlines Administrator