PROP 7002 - International Property

North Terrace Campus - Semester 2 - 2022

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.

  • General Course Information
    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 an intensive 7-10 day period. In addition to the course fee, there will be extra costs incurred by the student. These travel costs will include flights, accommodation, food, local transport, etc.
    Available for Study Abroad and Exchange N
    Prerequisites PROP 7000 and have completed at least 24 units of study of the Master of Property
    Assumed Knowledge The development process, property market economics and research, property valuation
    Course Description 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.
    Course Staff

    Course Coordinator: Nicholas Nunnington

    Course Timetable

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

  • Learning Outcomes
    Course Learning Outcomes

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

    1. Demonstrate knowledge and understanding of the development process in an international context;
    2. 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;
    3. Critically appraise, economic, legal, valuation, planning and sustainability principles in an international property development context;
    4. Apply development appraisal and evidence based forecasting to analyse international development opportunities;
    5. 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)

    Attribute 1: Deep discipline knowledge and intellectual breadth

    Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.

    1

    Attribute 2: Creative and critical thinking, and problem solving

    Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.

    2,3,5

    Attribute 3: Teamwork and communication skills

    Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.

    2,3,4

    Attribute 4: Professionalism and leadership readiness

    Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.

    1,2,3,4,5

    Attribute 5: Intercultural and ethical competency

    Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.

    1,2,3,4,5

    Attribute 8: Self-awareness and emotional intelligence

    Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.

    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.

     

    Specific Course Requirements
    You need to have successfully completed PROP 7000 and have completed at least 24 units of study in the Master of Property
  • Assessment

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

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

    Assessment Summary
    Assessment task Task Type
    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.

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