University of Technology, Sydney

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C10310v1 Bachelor of Property Economics

Award(s): Bachelor of Property Economics (BPropEc)
UAC code: 602033(Autumn session)
CRICOS code: 079553C
Commonwealth supported place?: Yes
Load credit points: 144
Course EFTSL: 3
Location: City campus

Overview
Course aims
Career options
Course intended learning outcomes
Admission requirements
Assumed knowledge
Credit recognition
Course duration and attendance
Course structure
Course completion requirements
Course program
Honours
Professional recognition
Other information

Overview

For students thinking about a career in business, economics or property, the Bachelor of Property Economics provides the edge required to get started in a global industry.

In this degree students learn the specialist knowledge required to enter the property sector, with skills in property valuation, market analysis, investment and development. Their skill set is just as relevant locally as it is internationally.

This degree covers economic, legal and financial disciplines, giving students the flexibility to pursue a variety of career paths. This business knowledge is also transferable, providing options for a transition to other sectors as careers develop.

UTS graduates are highly sought after and have excellent starting salaries: the property industry actively recruits property economics students. Most students are working in the industry by their third year of study.

This job-readiness results from UTS's industry connections: the curriculum was developed in consultation with industry, guest lecturers come from industry, and students work with real-world projects such as Barangaroo, Central Park and Green Square.

The degree structures classes so that students do a mixture of individual and team-based work, mixing theory and practice. This means graduates seamlessly fit into team-based, workplace environments.

Course aims

This course develops a broad base of knowledge of many aspects of the property industry including central concepts of law, economics, finance and valuation, and related fields of property management, construction, development, urban planning and accounting. This provides students with a broad and coherent understanding of property alongside a deeper understanding of valuation and the legal, economic and financial concepts that underpin valuation.

Career options

Career options include property valuer, property and asset manager, property market analyst, property sales and acquisitions, property developer, funds manager, and corporate real estate adviser.

Course intended learning outcomes

A.1 Ability to identify ethical issues and concerns
A.2 Ability to apply informed sound ethical judgements in professional contexts
A.3 Ability to work in culturally diverse contexts and understand Indigenous perspectives to meet stakeholders' objectives
C.1 Ability to effectively apply a variety of communication skills and technologies in professional contexts
C.2 Ability to work effectively in a team in a professional context
I.1 Openness to consideration of creative and innovative ideas
I.2 Ability to develop alternative, appropriate creative solutions to built environment issues
I.3 Ability to apply economic theory in analysing property markets
P.1 Ability to correctly apply valuation theory and practice in the valuation of property for different purposes
P.2 Ability to make investment decisions in various contexts
P.3 Ability to apply economic theory in analysing property markets
P.4 Ability to apply planning principles in various contexts
P.5 Ability to apply financial principles in various contexts
P.6 Ability to apply knowledge of law and regulations in built environment contexts
P.7 Ability to apply knowledge of sustainability and environmental issues in built environment contexts
P.8 Ability to apply construction technology and tender processes in built environment contexts
R.1 Ability to engage in critical and reflective thinking in built environment contexts
R.2 Ability to source, evaluate and use information within defined parameters
R.3 Ability to analyse, structure and report the results of research
R.4 Ability to demonstrate judgement in critical analysis of independent research

Admission requirements

Applicants must have completed an Australian Year 12 qualification, Australian Qualifications Framework Diploma, or equivalent Australian or overseas qualification at the required level.

UTS: Design, Architecture and Building may consider applications based on the results of the Special Tertiary Admissions Test (STAT) if students lack academic qualifications but have extensive professional experience. The STAT is conducted through the Universities Admissions Centre.

The English proficiency requirement for international students or local applicants with international qualifications is: Academic IELTS: 6.5 overall with a writing score of 6.0; or TOEFL: paper based: 550-583 overall with TWE of 4.5, internet based: 79-93 overall with a writing score of 21; or AE5: Pass; or PTE: 58-64; or CAE: 176-184.

Eligibility for admission does not guarantee offer of a place.

International students

Visa requirement: To obtain a student visa to study in Australia, international students must enrol full time and on campus. Australian student visa regulations also require international students studying on student visas to complete the course within the standard full-time duration. Students can extend their courses only in exceptional circumstances.

Assumed knowledge

Mathematics and any two units of English.

Credit recognition

Students with prior academic or industrial experience are considered for credit recognition and may be given the opportunity to tailor their program of study in line with subjects completed previously at other institutions.

Course duration and attendance

The course is offered on a three-year, full-time or equivalent part-time basis.

Course structure

The course comprises a total of 144 credit points made up of 120 credit points of core subjects and 24 credit points of electives.

Industrial training/professional practice

In addition to attending classes, students are encouraged to gain practical experience in appropriate professional or industrial organisations. Full-time students undertake practical studies as part of the program included in core subjects.

Course completion requirements

STM90820 Core subjects (Property Economics) 120cp
CBK90242 Sub-major/Electives (DAB) 24cp
Total 144cp

Course program

The typical course program is shown below.

Year 1
Autumn session
16467 Built Environment Law and Ethics   6cp
16466 Built Environment Economics   6cp
16631 Construction and Development Process   6cp
16234 Property Valuation   6cp
Spring session
16632 Built Environment Law and Professional Practice   6cp
16633 Microeconomics for Property   6cp
16634 Financial Analysis   6cp
16264 Property Accounting and Financial Management   6cp
Year 2
Autumn session
16641 Property Rights and Landlord Tenant Law   6cp
16235 Urban Economics   6cp
16233 Urban Planning Process   6cp
Select 6 credit points of electives   6cp
Spring session
16231 Property Management   6cp
16643 Property Market Research and Analysis   6cp
16642 Property Investment and Valuation   6cp
Select 6 credit points of electives   6cp
Year 3
Autumn session
16655 Property Finance   6cp
16333 Statutory Valuation and Compensation   6cp
Select one of the following: 6cp
      16656 Sustainable Construction and Development Management 6cp  
      16657 Property Investment and Portfolio Management 6cp  
Select 6 credit points of electives   6cp
Spring session
16232 Property and Political Economy   6cp
16237 Property Taxation   6cp
16658 Capstone Project: Property Development Analysis   6cp
Select 6 credit points of electives   6cp

Honours

Students who achieve a minimum of a 70 per cent weighted average mark in their first two levels of study may be invited to undertake the Bachelor of Property Economics (Honours) (C09063). This is taken as specialised subjects, focusing on property research and analysis, an honours research proposal and a thesis.

Professional recognition

Australian Property Institute (API); Royal Institution of Chartered Surveyors (RICS).

Other information

Further information is available from:

UTS Student Centre
telephone 1300 ask UTS (1300 275 887)
or +61 2 9514 1222
Ask UTS
UTS: Design, Architecture and Building