17135 Property Development Process
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particular session, location and mode of offering is the authoritative source
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Subject handbook information prior to 2024 is available in the Archives.
Credit points: 6 cp
Result type: Grade and marks
There are course requisites for this subject. See access conditions.
Anti-requisite(s): 17901 Property Development and Planning Process
Description
This subject provides an overview of the property development process, commencing from land acquisition through to the development approval process. Various roles such as, architects, surveyors, builders, contractors, quantity surveyors, development managers and project managers are explored in the development cycle. Market analysis and off the plans sales are discussed. Students consider projects from the viewpoints of developers, the community, investors, and the end users.
Subject learning objectives (SLOs)
On successful completion of this subject, students should be able to:
| 1. | Understand the distinct steps of the Property Development Process and the purpose of each step. |
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| 2. | Understand the role of various stakeholders and contributors in the Development Process – particularly the Developer/Development Manager. |
| 3. | Understand the concept of Development Risk and how it materialises in the Development Process and how this is managed and mitigated. |
| 4. | Demonstrate an ability to write a professional investment thesis for a Property Development investment (Investment Committee paper), which contemplates investment returns, the Development Process and risk. |
Course intended learning outcomes (CILOs)
This subject also contributes to the following Course Intended Learning Outcomes:
- Identify ethical issues and apply informed ethical judgements in professional contexts (A.1)
- Work effectively in project teams in property development (C.2)
- Demonstrate a comprehensive theoretical understanding of property valuation methodologies together with the capacity to prepare valuation assessments to a professional standard (P.1)
- Demonstrate a theoretical and practical understanding of built environment law and procedures in a variety of property-related contexts (P.4)
- Apply appropriate technical analytic skills to a professional standard (P.8)
- Demonstrate knowledge of research principles and methods applicable to property development (R.1)
- Apply cognitive, technical and creative skills to evaluate and synthesise complex ideas and concepts in property development (R.2)
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
Online learning activities will continuously reinforce the learning content for students throughout each week. The
emphasis is on "learning by doing," and undertaking practical tasks and discussion forums on the various topics within
this subject. Zoom sessions will provide hands on guidance through the major assignments.
Assessment
Assessment task 1: Quiz
| Intent: | This assessment comprises of three individual quizzes. Quiz one: This assessment item tests concepts found in Module 1, which focuses on fundamental principles of property development and the concept of development risk. Quiz two: This assessment item tests concepts found in Modules 2 and 3, which focus on feasibility analysis, land titles, acquisition and financing structures. Quiz three: This assessment item tests concepts found in Modules 4 and 5, which focus on town planning, design, tendering and construction. | ||||||||||||||||||||||||
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| Objective(s): | This task addresses the following subject learning objectives: 1, 2 and 3 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.): C.2, P.4 and R.1 | ||||||||||||||||||||||||
| Type: | Quiz/test | ||||||||||||||||||||||||
| Groupwork: | Individual | ||||||||||||||||||||||||
| Weight: | 30% | ||||||||||||||||||||||||
| Criteria linkages: |
SLOs: subject learning objectives CILOs: course intended learning outcomes |
Assessment task 2: Assignment
| Intent: | Apply the concepts covered in Modules 1, 2 and 3 to a hypothetical industrial development opportunity. An understanding of the concepts will enable the assignment questions to be answered and presented in a report format | ||||||||||||||||||||
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| Objective(s): | This task addresses the following subject learning objectives: 1, 2 and 3 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.): C.2, P.1, P.4 and P.8 | ||||||||||||||||||||
| Type: | Report | ||||||||||||||||||||
| Groupwork: | Individual | ||||||||||||||||||||
| Weight: | 35% | ||||||||||||||||||||
| Criteria linkages: |
SLOs: subject learning objectives CILOs: course intended learning outcomes |
Assessment task 3: Assignment
| Intent: | Apply the concepts covered in Modules 4, 5 & 6 to a hypothetical industrial development opportunity. This assignment follows on from the first written assignment by considering development delivery strategies, as would be the case in a real development post-acquisition. An understanding of the concepts will enable the assignment questions to be answered and presented in a report format. | ||||||||||||||||||||
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| Objective(s): | This task addresses the following subject learning objectives: 2, 3 and 4 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.): A.1, P.1, P.8 and R.2 | ||||||||||||||||||||
| Type: | Report | ||||||||||||||||||||
| Groupwork: | Individual | ||||||||||||||||||||
| Weight: | 35% | ||||||||||||||||||||
| Criteria linkages: |
SLOs: subject learning objectives CILOs: course intended learning outcomes |
Minimum requirements
Students must achieve at least 50% of the subject’s total mark.