16658 Capstone Project: Property Development Analysis6cp; block studio sessions, with tutorials between sessions; it is recommended that students use the remainder of the tutorial day to complete group work; some out-of-class site visits and client meetings required
Requisite(s): 16235 Urban Economics AND 16333 Statutory Valuation and Compensation
The Capstone subject is the culmination of your Property Economics course and applies all your learning experiences to date. Specifically, the class focuses on the delivery of a development proposal with supporting site analysis, case study and market research, financial and investment analysis, application of sustainable design and transit-oriented development strategies. Issues to be addressed include planning and development application requirements, site analysis, encumbrances on title, market demand analysis and financial feasibility parameters, factors impacting appraisal, tax application (GST, marginal tax, etc), and sustainability considerations. Although some work is completed individually, students work collaboratively for a large portion of the subject to ensure all aspects impacting the development proposal are considered.
The class meet with and present their proposals to a real client investigating the potential development/redevelopment of a particular site. As such, there is a focus on professional-level communication styles, ie using professional language, professional tone, and professional style of infographics in the final proposal reports and presentations. A client representative, when possible, attends the final presentations and is given copies of the final report booklets. Multiple trips to the proposed site, as individuals and/or teams, should be anticipated. 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 may have a few additional meetings to meet with and receive information from Landcom. In these, students have an opportunity to network across disciplines and Universities as well as hear presentations from the top projects from other courses at the orientation briefing and final presentation showcase.
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