16216 Introduction to Property and the Built Environment
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Subject handbook information prior to 2025 is available in the Archives.
Credit points: 6 cp
Result type: Grade and marks
There are course requisites for this subject. See access conditions.
Description
This is a core first-year subject in the Bachelor of Property Economics. The subject provides an introduction to property markets and the property development process in the built environment. The range of professional property sectors are explained and typical professional career paths and opportunities within this field are examined. The role and regulation of the various property development professionals are explored with a focus on the role of clients/developers, property managers, property investors, valuers, quantity surveyors and other property practitioners. Students are given an overview of the nature and structure of the property and built environment industry and the main issues and challenges facing the industry. Students are introduced to the main forms of documentation used in the industry. The fundamentals of report writing, academic writing and professional communication are also incorporated in the subject.
Content (topics)
- Overview of the property and built environment industries
- The global property industry
- The Australian property industry
- Property Economics – overview of the ‘streams’
- Terminology for discipline – build on this throughout the BPE Course
- Industry stakeholders and the role of property professionals
- The property development process and overview of key regulatory frameworks
- Market analysis - demographics & ABS data; stats – what do they mean? - focus discussion on Residential Market Analysis application – 2-part module (theory/data analysis visualization)
- RICS Ethics requirement
- Managing conflicts
- Professional career paths and opportunities (Valuation, Investment, Development, Property Manager, etc)
- Professional/Industry associations (API/RICS/Young Property Professionals, etc)
- Academic research and report writing