Credit Points 10

Legacy Code 201013

Coordinator Za Manaf Opens in new window

Description The unit focusses on the importance of Planning and its role in relation to the property development process. This unit provides a wide ranging study of the objectives, functions, roles and methods of operation of the development process, the financial aspects of development, social considerations, taxation aspects and planning matters.

School Business

Discipline Real Estate

Student Contribution Band HECS Band 4 10cp

Level Postgraduate Coursework Level 7 subject

Equivalent Subjects MKTG 7021 - Property Development LGYC 0023 - Property Development (V2)

Restrictions

Students must be enrolled in a postgraduate Business program.

Learning Outcomes

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

1. Analyse the roles and impacts of the key participants in the various stages of the property development process;
2. Analyse and evaluate the range of underlying factors which may directly affect the financial viability and risk exposure of development proposals, and how such factors arise;
3. Propose effective means to manage and control development risks of various kinds that may vary over time;
4. Evaluate the level of planning requirement compliance of a development proposal;
5. Evaluate the role society plays in providing proper control of development activity via the formulation of environmental and town planning codes/regulations;
6. Work productively in groups

Subject Content

1. Property development overview
2. Land Law
3. Town Planning and development approval
4. Development objectives and main components
5. Failed development. Definition and the importance of studying a failed development
6. Property development process
7. Risks in property development
8. Risk management strategies
9. Financing a development
10. Project feasibility ? hypothetical Development Method
11. Developing property sustainably including ethical and socially responsible development