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SSUD71-328: Specialist and Statutory Valuation

Description

This subject will extend the knowledge acquired in previous valuation and investment subjects by examining the methodologies used for the valuation of complex and diverse property interests. Various applications and methods of valuation will be analysed. For statutory valuation purposes the mass appraisal method, GIS applications and the compulsory acquisition process will be evaluated. Examples of specialist valuation topics that may be covered include the valuation of management rights, hotels, marinas, businesses, retirement sector assets, plant and machinery and rural properties. Specialist valuation topics vary depending on access to guest speakers. The rules of conduct of the relevant professional bodies will also be analysed with particular emphasis on the role of a valuer as an expert witness and risk management.

Subject details

Type: Postgraduate Subject
Code: SSUD71-328
EFTSL: 0.125
Faculty: Faculty of Society and Design
Semesters offered:
  • September 2024 [Non-Standard Offering]
Credit: 10
Study areas:
  • Construction, Property, and Planning
Subject fees:
  • Commencing in 2023: $5,450.00
  • Commencing in 2024: $5,560.00
  • Commencing in 2025: $5,680.00
  • Commencing in 2023: $5,860.00
  • Commencing in 2024: $6,220.00
  • Commencing in 2025: $6,500.00

Learning outcomes

  1. Differentiate the nature and role of the specialist and statutory property valuer.
  2. Distinguish and apply the various principles of property valuation, as practised by various professionals in the industry.
  3. Appreciate the challenges faced by individuals acting as professionals in a property valuation role, including in the role of an expert witness.
  4. Identify how various government statutes and policies impact on the value of various property interests.
  5. Examine various legal cases and their impact on property valuation principles.

Enrolment requirements

Requisites:

Pre-requisites:

Co-requisites:

There are no co-requisites

Assumed knowledge:

Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.

Restrictions:

Subject dates

  • Non-Standard Offering
    Enrolment opens: 14/07/2024
    Semester start: 16/09/2024
    Subject start: 16/09/2024
    Cancellation 1: 30/09/2024
    Cancellation 2: 03/10/2024
    Last enrolment: 28/09/2024
    Withdraw - Financial: 13/10/2024
    Withdraw - Academic: 30/10/2024
    Teaching census: 12/10/2024
Non-Standard Offering
Enrolment opens: 14/07/2024
Semester start: 16/09/2024
Subject start: 16/09/2024
Cancellation 1: 30/09/2024
Cancellation 2: 03/10/2024
Last enrolment: 28/09/2024
Withdraw - Financial: 13/10/2024
Withdraw - Academic: 30/10/2024
Teaching census: 12/10/2024