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12512 Analysing Retirement Housing and Aged Care Developments

Warning: The information on this page is indicative. The subject outline for a particular session, location and mode of offering is the authoritative source of all information about the subject for that offering. Required texts, recommended texts and references in particular are likely to change. Students will be provided with a subject outline once they enrol in the subject.

Subject handbook information prior to 2020 is available in the Archives.

UTS: Design, Architecture and Building: School of the Built Environment
Credit points: 6 cp
Result type: Grade and marks

There are course requisites for this subject. See access conditions.

Description

Australia's ageing population requires appropriate housing and care solutions. This requires an understanding of the legislative, planning and financial frameworks of this sector and how they influence current operations and future supply. The subject examines the main models of retirement housing and aged care in Australia, and how these meet the needs of an ageing population. Retirement housing and aged care comprises a property asset where the operational business is inextricably linked to the real estate.

The physical ageing process and how it impacts upon built form requirements is covered. Students acquire an understanding of the different demographic and economic drivers for the different types of retirement housing and care.

Following the introduction of the main types of retirement housing and aged care, students then evaluate each operational model and apply this to an analysis of the financial performance from development to ongoing operations. Students are introduced to strategic concepts focusing on existing portfolios and strategic asset planning with regard to existing ageing stock.

Subject learning objectives (SLOs)

On successful completion of this subject, students should be able to:

1. Describe the individual types of retirement housing and residential aged care and their legislative and financial frameworks
2. Analyse the financial performance of the various types of retirement housing and aged care
3. Identify and analyse the major influences on development feasibility and ongoing performance
4. Demonstrate an understanding of the planning and operational legislative framework and how this influences operations and development

Course intended learning outcomes (CILOs)

This subject also contributes to the following Course Intended Learning Outcomes:

  • Ability to interpret and communicate knowledge, skills and ideas to specialist and non-specialist audiences in property development and / or scholarly contexts (C.1)
  • Ability to apply a theoretical and practical understanding of research methods to the investigation and analysis of property markets (P.2)
  • Ability to apply a comprehensive understanding of property market drivers and key risk analysis techniques applicable to contemporary industry based practice (P.3)
  • Ability to demonstrate knowledge of research principles and methods applicable to property development and / or related scholarly contexts (R.1)

Teaching and learning strategies

Delivery will be in four one day blocks and will include lectures on key concepts physical and video presentations by industry experts on case studies and specialist material. Active learning opportunities will be integrated into each session through group discussion, class workshops and in class participation by students and student groups. Flipped learning strategies have been integrated into the subject learning philosophy, including the use of online presentations which are to be viewed prior to the first lecture and lock sessions.

Lectures are augmented with online quizzes to excess the level of understanding of the content and practical application. Resource material will be placed online for continual reference throughout the semester. Students will be engaged with the use of pre-readings, online quizzes and practice based scenarios which stimulate problem-based learning. Collaborative problem-solving exercises involving case studies will reinforce key concepts and offer formative feedback opportunities throughout the subject. Feedback on submitted assessment items will be provided through UTS online.

Content (topics)

Topics covered throughout this course include:

  • History of the retirement housing and aged care in Australia
  • Retirement villages
  • Rental villages
  • Land lease communities, also called manufactured home estates, rental parks and residential Parks
  • Aged care – residential aged care facilities and service delivery
  • Taxation status – for-profit & not-for-profit
  • Financial analysis
  • Planning framework

Assessment

Assessment task 1: Online Test

Intent:

This shows an understanding of the content delivered in lectures/workshops and ability to apply it to practical situations

Objective(s):

This task addresses the following subject learning objectives:

1, 2, 3 and 4

This task also addresses the following course intended learning outcomes that are linked with a code to indicate one of the five CAPRI graduate attribute categories (e.g. C.1, A.3, P.4, etc.):

C.1, P.2, P.3 and R.1

Type: Quiz/test
Groupwork: Individual
Weight: 30%

Assessment task 2: Market Study for Development

Intent:

This task is aimed to develop analytical skills to achieve an understanding of the financial and physical drivers of performance

Objective(s):

This task addresses the following subject learning objectives:

1, 2, 3 and 4

This task also addresses the following course intended learning outcomes that are linked with a code to indicate one of the five CAPRI graduate attribute categories (e.g. C.1, A.3, P.4, etc.):

C.1, P.2, P.3 and R.1

Type: Report
Groupwork: Individual
Weight: 30%

Assessment task 3: Comparative Financial Analysis

Intent:

This task is aimed to develop analytical skills driving development feasibility and using this information develop an understanding of the unique aspects of development of retirement housing and aged care

Objective(s):

This task addresses the following subject learning objectives:

1, 2, 3 and 4

This task also addresses the following course intended learning outcomes that are linked with a code to indicate one of the five CAPRI graduate attribute categories (e.g. C.1, A.3, P.4, etc.):

C.1, P.2, P.3 and R.1

Type: Report
Groupwork: Individual
Weight: 40%

Minimum requirements

The DAB attendance policy requires students to attend no less than 80% of formal teaching sessions (lectures and tutorials) for each class they are enrolled in to remain eligible for assessment.