16658 Capstone Project: Property Development Analysis6cp; Studio/workshop sessions, likely held via Zoom, as well as scheduled formative feedback sessions with each group; it is recommended that students use the remainder of the studio and workshop days to collaborate on group work - either on campus or via an online platform; there is also at least one out-of-class client meeting (likely via an online platform) where attendance is required, and a final showcase where attendance is highly recommended.
Requisite(s): 16235 Urban Economics AND 16231 Property Management AND 16642 Property Investment and Valuation
These requisites may not apply to students in certain courses. See access conditions.
The Capstone subject is the culmination of a student's Property Economics course and applies all of the student's learning experiences to date in a real-world project scenario. Specifically, the class focuses on the delivery of a development proposal with supporting site and planning analysis, case study and market research, finance and equity decision making, valuation and investment analysis, consideration of affordable housing and its impact of on the development feasibility, and the application of sustainable design and transit-oriented development strategies. Issues to be addressed include planning and development application requirements, site analysis, market supply & demand analysis, establishing financial feasibility parameters, identifying and considering factors impacting appraisal, tax application (GST, Margin Scheme, etc), and sustainability considerations. Although some work is completed individually, students must work collaboratively for a large portion of the subject to ensure all aspects impacting the development proposal are fully considered.
The class meets with and presents to a real client who is investigating the potential development/redevelopment of a particular site. As such, there is a strong focus on professional-level communication styles - i.e. using professional language, professional tone, and professional style of infographics in class communications, the proposal reports and final presentations. At least one representative from the client’s development team attends, when possible, the final presentations and the client receives a copy of the final report booklets. Visits to the proposed site, as individuals and/or teams, may not be possible this year due to Covid-19; for this reason, a site has been chosen that is less dependent on in-person site visits to complete the due diligence package analysis.
Once again, this year's project is part of a larger Collaborative Urban Teaching Platform (CUTP) with Landcom. The CUTP is a multi-university, cross-disciplinary urban teaching partnership involving several Sydney-based universities and Landcom, and is administered through the Communities of Practices partnership. The CUTP has three key aims:
1. Engagement: get students out of the classroom and into the field to work on live urban projects with government and, where possible, industry partners.
2. Networking: get students and staff from different Sydney-based universities working together on common urban problems from different disciplinary perspectives.
3. Outcomes: get students (and staff) to productively contribute to the development of Sydney, with the aim of building a better city.
As participants in the CUTP project, students meet with and receive information from the Landcom development team representatives in the orientation briefing. In this meeting, students also have an opportunity to ask questions, meet and network with other CUTP students across disciplines and Universities. At the final presentation showcase, the top three student teams have the opportunity to present to the Landcom development and executive team, as well as hearing the presentations from the top projects from other Universities.
Detailed subject description.
Information to assist with determining the applicable fee type can be found at Understanding fees.
- Commonwealth-supported students: view subject fees at Fees Search: Commonwealth-supported
- Postgraduate domestic fee-paying students: fees are charged according to the course enrolled in; refer to Domestic Fees Search: Postgraduate and Research
- International students: fees are charged according to the course enrolled in; refer to International Fees Search
- Subject EFTSL: 0.125