16338 International Property Investment

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 2025 is available in the Archives.

UTS: Design, Architecture and Building: School of the Built Environment
Credit points: 6 cp

Subject level:

Undergraduate

Result type: Grade and marks

Requisite(s): 16466 Macroeconomics for Property

Description

This subject examines the theory and application of direct and indirect international property investment. Using lectures, case studies and exercises, it examines both inbound investment into Australia and outbound investment by Australians into international property markets. Concentrating on the nexus between investment and valuation, it emphasises risk management and good decision-making. The subject focuses on the rationales for international property investment and its challenges; the strategies of compiling an international real estate portfolio; the macro and micro factors determining the performance of the investment; and the different investment formats suitable to different international settings.

Subject learning objectives (SLOs)

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

1.	Use a variety of communication skills, including a range of technologies, to deliver communications in a professional context including written tasks using with suitable structure, expression, grammar, spelling and referencing
2.	Identify and demonstrate the different investment types suitable to different international built environment settings and issues
3.	Understand and demonstrate the different investment types suitable to different international built environment settings and issues
4.	Acquire the ability to apply valuation theory and practice in the valuation of property for different purposes and in international markets
5.	Explain the macro and micro factors that will determine the performance of an investment and make an investment decision
6.	Demonstrate the ability to work in a culturally diverse environment and understand deliver a professional outcome
7.	Demonstrate the ability to critically undertake research, analyse data, explore options and deliver information as requested

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

This subject is undertaken in block mode over two Friday / Saturday blocks. Students will learn through the use of complex scenarios and problems encountered in practice. Students work collaboratively using project-based learning with an emphasis on developing judgement in ethical, technical, professional and practical issues within the international property investment discipline. Demonstration of learning is undertaken using a variety of assessment techniques which include presentation and speaking, report writing and a practice oriented exam.

Content (topics)

This subject includes:

The Investment types for different international settings
Ethical Issues in International Investment
Decision Making
Macro Market Research
Micro Market Research
Economic Indicators
Measuring Investment Returns
Strategies for composing an international property portfolio
Risk Management
Rationales for international investment
Indirect Property Investment
Currency Markets
Financial Markets

Assessment

Assessment task 1: a) Team industry report 15% Block 1 and b) Team industry report Block 2 15%

Objective(s):

This task addresses the following subject learning objectives:

1, 2, 3, 5 and 6

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.):

.1, .1, .2, .3 and .3

Type:

Presentation

Groupwork:

Group, group assessed

Weight:

30%

Criteria:

Further details on assignment task sheet

Criteria linkages:

Criteria	Weight (%)	SLOs	CILOs
Identify ethical and cultural issues: Have you considered the foreign context and correctly related the prevailing ethos to Australian norms?	10	2	.1
Quality of Economic information: Is your information relevant, correct and effectively presented to illustrate the market conditions?	20	3	.3
Commentary, Economic Information: Have you related each economic indicator to the expected market conditions and tied that to solid economic theory?	20	5	.3
Recommendation and Justification: Is your recommendation supported by the facts you presented, and is it reasonable given the objectives and constraints you are under?	20	6	.1
Concise, Cogent, Clear: Have you only presented relevant material in a manner that engages the reader and communicates your argument in a logical and coherent manner?	10	5	.2
Referencing: Have you correctly included all external sources and followed the APA system?	10	1	.2
Working together	10	1	.1

SLOs: subject learning objectives
CILOs: course intended learning outcomes

Assessment task 2: Research report

Objective(s):

This task addresses the following subject learning objectives:

1, 2, 3, 4, 5, 6 and 7

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.):

.1, .1, .1, .2, .2, .2, .3 and .3

Type:

Report

Groupwork:

Individual

Weight:

30%

Criteria:

Further details on assignment task sheet

Criteria linkages:

Criteria	Weight (%)	SLOs	CILOs
Market Review & Strategy: How well did you integrate the economic conditions with the strategy you developed in response to those conditions?	20	6	.2
Risk and Reward Review: How well did you explain the results of your risk and reward analysis?	10	2	.1
Analysis of Returns: How well did you explain your analysis of returns?	10	3	.3
Portfolio Construction: Did you show how you will build your portfolio and explain why you are building it in that manner?	20	4	.1
Implementation Plan: How well do you demonstrate how you will acquire the properties you have identified for your portfolio?	10	5	.2
Recommendation & Monitoring Plan: Is your recommendation supported by the facts you presented, and is it and your monitoring plan reasonable given the objectives and constraints you are under?	10	6	.2
Concise, Cogent, Clear: Have you only presented relevant material in a manner that engages the reader and communicates your argument in a logical and coherent manner?	10	7	.1
Referencing: Have you correctly included all external sources and followed the Harvard system?	10	1	.3

SLOs: subject learning objectives
CILOs: course intended learning outcomes

Assessment task 3: Exam

Objective(s):

This task addresses the following subject learning objectives:

2, 3, 5 and 7

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.):

.1, .2, .2, .2 and .3

Type:

Examination

Groupwork:

Individual

Weight:

40%

Criteria linkages:

Criteria	Weight (%)	SLOs	CILOs
Does your response indicate knowledge of cultural needs	20	3	.2
Are the recommendations in line with market expectations	20	2	.1
The economics underpinning the recommendations have a sound rationale	20	5	.3
Are investment decisions backed up with sound rationale	20	2	.2
Develop solutions and alternative solutions	20	7	.2

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.

Required texts

Reader: International Property Investment – Online reources.

Other resources

Baum, H. (2011). Global Property Investment: Strategies, Structures, Decisions. Wiley-Blackwell.
https://search.lib.uts.edu.au/permalink/61UTS_INST/1ibc883/cdi_askewsholts_vlebooks_9781317883012

Baum, A. (2015). Real estate investment: a strategic approach. Routledge. https://search.lib.uts.edu.au/permalink/61UTS_INST/19joism/alma991001316889705671