17133 Investment Property Valuation
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Credit points: 6 cp
Result type: Grade and marks
There are course requisites for this subject. See access conditions.
Description
This subject is designed to foster a deep understanding of theory and practice applied by industry to the analysis of investment and owner-occupied property, within non-residential property market sectors. Students develop a strong theoretical and practical understanding of the established industry-based analysis, informing key decisions relating to property investment value and performance measurement. Relevant primary property market sectors include the commercial, retail and industrial sectors.
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.).
Content (topics)
- Capitalisation valuation methodology
- Yield analysis (Initial, Equivalent & Reversionary)
- Lessee & Lessor Interests
- Capitalisation Adjustments
- Face & Effective Rental calculations
- Dual Rate valuation methodology
- Legal framework for non residential leases
- Commercial Rents & Rent Review mechanisms
- Critical Lease Provisions impacting value in investment grade property
- Constructing Tenancy & Outgoing Schedules
- Direct Comparison methodology applied to investment property
- Discounted Cash Flow methodology for investment property
- Investment Property Performance Measurement & Reporting.
Minimum requirements
Students must achieve at least 50% of the subject’s total mark.