17129 Property Market Risk 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 2024 is available in the Archives.
Credit points: 6 cp
Result type: Grade and marks
Requisite(s): 18 credit points of completed study in spk(s): C04445 Master of Property Development
Description
This capstone subject aims to provide students with a comprehensive understanding of and related skills to determine and assess critical factors involved in achieving successful outcomes for property development projects. In this subject students are expected to synthesise their understanding gained from the previous subjects within the program. Building on a student's prior course learning in feasibility studies, planning and property development processes, this subject involves analysis of the underpinning economic factors and other dynamics when analysing specific property markets.
Using demographic, statistical and other published data, students are taught a range of skills including the application of demand and supply analysis to forecast likely demand for a project and potential price points. Property development risk analysis techniques are used to identify critical development inputs, management issues and economic variables that may create significant risks in specific projects. Risk measurement techniques including sensitivity, scenario analysis and Monte Carlo simulation, using software applications to identify, measure and manage specific project risks.
Subject learning objectives (SLOs)
On successful completion of this subject, students should be able to:
| 1. | Identify and understand risk in property development. |
|---|---|
| 2. | Understand the implications of property market cycles for property development. |
| 3. | Identify and understand the application of risk management techniques in property development. |
| 4. | Demonstrate an understanding of the application of risk to potential property development scenarios and prepare a project risk assessment report. |
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)
- Effectively apply a variety of communication skills and technologies in professional contexts (C.1)
- Apply a comprehensive understanding of property market drivers and key risk analysis techniques applicable to contemporary industry based practice (P.3)
- Synthesise knowledge related to a wide spectrum of property and asset management issues to the analysis of practiced based property portfolio scenarios (P.6)
- Apply appropriate technical analytic skills to a professional standard (P.8)
- Apply cognitive, technical and creative skills to evaluate and synthesise complex ideas and concepts in property development (R.2)
Contribution to the development of graduate attributes
The term CAPRI is used for the five Design, Architecture and Building faculty graduate attribute categories where:
C = communication and groupwork
A = attitudes and values
P = practical and professional
R = research and critique
I = innovation and creativity.
Course intended learning outcomes (CILOs) are linked to these categories using codes (e.g. C-1, A-3, P-4, etc.).
Teaching and learning strategies
Online learning activities will continuously reinforce the learning content for students throughout each week. The
emphasis is on "learning by doing," and undertaking practical tasks and discussion forums on the various topics within this subject. Zoom sessions will provide hands on guidance through the major assignments.
Content (topics)
• Characteristics of Property Markets
• Determinants of Property Cycles
• Supply & Demand Analysis – Residential / Commercial
• Economic Analysis
• DCF Analysis
• Introduction to Risk Management
• Contingency Management
• Risk Analysis
Assessment
Assessment task 1: Quiz
| Intent: | The intent of this assessment is to assess your understanding of risk in property development and the implications of property market cycles for property development. | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Objective(s): | This task addresses the following subject learning objectives: 1 and 2 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.): P.3 and P.6 | ||||||||||||
| Type: | Quiz/test | ||||||||||||
| Groupwork: | Individual | ||||||||||||
| Weight: | 20% | ||||||||||||
| Criteria linkages: |
SLOs: subject learning objectives CILOs: course intended learning outcomes |
Assessment task 2: Residential Market Report
| Intent: | The intent of the assessment is to assess your understanding and application of economic, supply and demand analysis in the residential property market. | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Objective(s): | This task addresses the following subject learning objectives: 1, 2 and 3 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.2 | ||||||||||||||||
| Type: | Report | ||||||||||||||||
| Groupwork: | Individual | ||||||||||||||||
| Weight: | 40% | ||||||||||||||||
| Criteria linkages: |
SLOs: subject learning objectives CILOs: course intended learning outcomes |
Assessment task 3: Project Risk Assessment Report
| Intent: | The intent of the assignment is to assess your understanding of the impact of the property market and risk analysis on a commercial development project. | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.3 and P.8 | ||||||||||||||||||||
| Type: | Report | ||||||||||||||||||||
| Groupwork: | Individual | ||||||||||||||||||||
| Weight: | 40% | ||||||||||||||||||||
| Criteria linkages: |
SLOs: subject learning objectives CILOs: course intended learning outcomes |
Minimum requirements
Students must achieve at least 50% of the subject’s total mark.