| Type: | Postgraduate Subject |
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| Code: | SSUD71-124 |
| EFTSL: | 0.125 |
| Faculty: | Faculty of Society and Design |
| Semesters offered: |
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| Credit: | 10 |
| Subject fees: |
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Description
This subject provides students with an understanding of the property development process and the importance of the property development industry in a modern economy. Additionally, the subject introduces the processes involved in property development in market economies in the context of government regulation and approval requirements, as well as providing an introduction to the financial analysis and the determination of the viability of potential projects. The emphasis is on the private sector and the roles of the various stakeholders.
Subject details
Learning outcomes
- Critically evaluate the nature and role of property development within contemporary economies, demonstrating understanding of its multifaceted impacts.
- Synthesise and analyse the property development process—including the investigation of initial development concepts, site acquisition, and site assembly—to develop innovative strategies.
- Critically examine the role of planning and the planning process in property development and evaluate how development controls impact urban areas and specifically on development site values.
- Independently design and critically assess a comprehensive feasibility report for a potential residential property development project, reflecting on financial viability, risk factors, and strategic recommendations.
- Critically evaluate and apply risk management processes for a property development project, employing sensitivity and scenario analyses for key variables to inform strategic decision-making.
- Conduct independent research to accurately calculate and apply revenue and expenditure input variables—including comparable sales, rental revenues, construction costs, infrastructure charges, and other applicable government taxes and charges—in complex property development scenarios.
- Critically evaluate and integrate advanced sustainability concepts in the urban environment, proposing innovative solutions to enhance environmental, social, and economic outcomes.
Enrolment requirements
| Requisites: |
Nil |
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| Assumed knowledge: |
Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.
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| Restrictions: |
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Subject dates
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January 2025
Non-Standard Offering Enrolment opens: 10/11/2024 Semester start: 03/02/2025 Subject start: 03/02/2025 Last enrolment: 15/02/2025 Teaching census: 02/03/2025 Withdraw - Financial: 03/03/2025 Withdraw - Academic: 20/03/2025
| Non-Standard Offering | |
|---|---|
| Enrolment opens: | 10/11/2024 |
| Semester start: | 03/02/2025 |
| Subject start: | 03/02/2025 |
| Last enrolment: | 15/02/2025 |
| Teaching census: | 02/03/2025 |
| Withdraw - Financial: | 03/03/2025 |
| Withdraw - Academic: | 20/03/2025 |