PROP 7005 - Introduction to Property and Valuation - Property, People and Profit

North Terrace Campus - Semester 2 - 2022

This introductory course helps to explain the world of property and will provide you with an understanding as to how property works in real life and equip you with the tools to be able to value property, whether it is a flat, house or commercial property. Property is fundamental to our lives. Everyone lives in a property and most of us work inside a property. Understanding how property works is a key real-life lesson, whether you are looking to make a profit from investing in property or buying a home This course is compulsory for all students studying the Master of Property. The course has been structured to also cater for non-Property students who are wanting to enrol in an elective course that can provide them with the basic knowledge that is required when buying property, whether it is your first home, dream home or an investment property. There is no assumed knowledge, pre-requisite or co-requisite courses if you choose to enrol in this course. Where possible, the assessments are based on the real-life property market. The learnings from the course and assessments can be transferred so that you better understand property in the wider context and how to determine the value of an extensive ranqe of properties.

  • General Course Information
    Course Details
    Course Code PROP 7005
    Course Introduction to Property and Valuation - Property, People and Profit
    Coordinating Unit School of Architecture and Built Environment
    Term Semester 2
    Level Postgraduate Coursework
    Location/s North Terrace Campus
    Units 3
    Contact 3 hours per week
    Available for Study Abroad and Exchange Y
    Incompatible CORPFIN 7049
    Course Description This introductory course helps to explain the world of property and will provide you with an understanding as to how property works in real life and equip you with the tools to be able to value property, whether it is a flat, house or commercial property.
    Property is fundamental to our lives. Everyone lives in a property and most of us work inside a property. Understanding how property works is a key real-life lesson, whether you are looking to make a profit from investing in property or buying a home

    This course is compulsory for all students studying the Master of Property. The course has been structured to also cater for non-Property students who are wanting to enrol in an elective course that can provide them with the basic knowledge that is required when buying property, whether it is your first home, dream home or an investment property.

    There is no assumed knowledge, pre-requisite or co-requisite courses if you choose to enrol in this course. Where possible, the assessments are based on the real-life property market. The learnings from the course and assessments can be transferred so that you better understand property in the wider context and how to determine the value of an extensive ranqe of properties.
    Course Staff

    Course Coordinator: Mr Peter Koulizos

    Course Timetable

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

  • Learning Outcomes
    Course Learning Outcomes
    1. Discuss and evaluate the core drivers of property value and the property market in a global context.
    2. Outline the key concepts of the Torrens Title system and other selected land titling systems around the globe.
    3. Identify and interpret property data and apply the appropriate property valuation methods to determine the value of property and present in a professional report.
    4. Utilise the relevant town planning guidelines and legislation to derive development potential and compose a feasibility study.
    5. Recognise and calculate the impact of tax and finance on property prices and the market.
    6. Show a basic understanding of the time value of money.
    University Graduate Attributes

    No information currently available.

  • Learning & Teaching Activities
    Learning & Teaching Modes

    No information currently available.

    Workload

    No information currently available.

    Learning Activities Summary

    No information currently available.

  • 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

    No information currently available.

    Assessment Detail

    No information currently available.

    Submission

    No information currently available.

    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
  • Fraud Awareness

    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.

The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.