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16643 Property Market Research and Analysis

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

Description

This is a core subject usually taken in Year 1 of the Bachelor of Property Economics (C10310). It is important for understanding the value and importance of property market research, developing critical analytical capabilities together with communication and presentation skills. The subject covers analytical methods and processes that are used in an applied property market setting. It involves practical projects in both individual and group settings.

Subject learning objectives (SLOs)

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

1. Communicate research findings including writing and presentation of research
2. Demonstrate an understanding of the importance of research for decision-making in built environment contexts
3. Demonstrate an understanding of research roles and their function in a built environment context
4. Derive critical conclusions in a built environment context from analytical research

Course intended learning outcomes (CILOs)

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

  • Identify ethical issues and apply informed ethical judgements in professional Contexts (A.1)
  • Apply economic theory in analysing property markets (P.3)
  • Engage in critical and reflective thinking in built environment contexts (R.1)
  • Critically analyse, structure and report the results of research (R.3)

Teaching and learning strategies

Delivery will be by 11 weekly lectures and will include lectures on key concepts, workshops on case studies and specialist material. Active learning opportunities will be integrated within each session through group discussion, class workshops, and in class participation by students and student groups. Moreover, some flipped learning strategies have been integrated into the subject learning philosophy, including the use of online presentations (UTSOnline) which are to be viewed prior to lectures and to help facilitate discussions in the block sessions.

Lectures are augmented with online activities to help students self-assess their level of understanding of the content and its application. Online resource materials are provided throughout the semester via UTSOnline. Students will be engaged in independent learning through the use of pre-class readings, online activities and hypothetical scenarios to stimulate problem-based learning. Collaborative problem-solving exercises, involving current financial markets and case studies, will help reinforce key concepts discussed in class. Feedback on submitted assessment items will be provided through UTSOnline.

Content (topics)

  • The research process (academic and industry), its purpose in built environment contexts
  • The main types of research undertaken in built environment contexts
  • How to source, critically evaluate and analyse both relevant data and existing research
  • Qualitative and quantitative methods
  • How to evaluate and select a method of analysis
  • How to communicate findings including writing and presentation of research

Assessment

Assessment task 1: Online Test

Intent:

This task tests students on the subject matter. They are required to demonstrate an understanding of the key indicators of individual property sectors.

Objective(s):

This task addresses the following subject learning objectives:

1, 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.):

A.1, R.1 and R.3

Type: Quiz/test
Groupwork: Individual
Weight: 30%
Criteria linkages:
Criteria Weight (%) SLOs CILOs
Communicate research findings including writing and presentation of research 33 1 A.1
Demonstrate understanding and critical thinking related to research roles and their function in a built environment context 33 3 R.1
Derive critical conclusions in a built environment context from analytical research 34 4 R.3
SLOs: subject learning objectives
CILOs: course intended learning outcomes

Assessment task 2: Property Sector Analysis

Intent:

This task is aimed to develop research skills to achieve an understanding of the property and investment drivers of individual sectors.

Objective(s):

This task addresses the following subject learning objectives:

1, 2 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.):

A.1, R.1 and R.3

Type: Project
Groupwork: Individual
Weight: 30%
Criteria linkages:
Criteria Weight (%) SLOs CILOs
Communicate research findings including writing and presentation of research 33 1 A.1
Demonstrate an understanding of the importance of research for decision-making 33 2 R.1
Derive critical conclusions in a built environment context from analytical research 34 4 R.3
SLOs: subject learning objectives
CILOs: course intended learning outcomes

Assessment task 3: Exam

Intent:

Students will demonstrate an ability to interpret and communicate knowledge, skills and ideas to specialist and non-specialist audiences in a property research context.

Objective(s):

This task addresses the following subject learning objectives:

1, 2 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.):

A.1, P.3 and R.3

Type: Examination
Groupwork: Individual
Weight: 40%
Criteria linkages:
Criteria Weight (%) SLOs CILOs
Communicate research findings including writing and presentation of research 33 1 A.1
Demonstrate an understanding of the importance of research for decision-making in built environment contexts 33 2 P.3
Derive critical conclusions in a built environment context from analytical research 34 4 R.3
SLOs: subject learning objectives
CILOs: course intended learning outcomes

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.

References

Style Manuel for Authors, Editors and Printers, AGPS, Canberra 5th or later edition

Blamires, H. The Penguin Guide to Plain English: Express Yourself Clearly and Effectively, Penguin, Harmondsworth, Middlesex

A good dictionary

Horsley, G. and Seed, P. (1996), Specialist Valuations in Australia and New Zealand, Australian Property Institute, Canberra.

Australian Institute of Valuers and Land Economists (AIVLE), 1997. Valuation Principles and Practice, 1st ed. Australian Institute
of Valuers and Land Economists, Deakin, ACT.

Kahr, Joshua, and Michael C. Thomsett. Real estate market valuation and analysis. Vol. 265. John Wiley & Sons, 2006.

Other resources

Students should regularly consult UTS Online under this subject for additional references and readings.