Residential Property Valuation for Property Professionals

General Information

This subject develops the specialist knowledge and practical skills required for residential property valuation, a field that employs more certified practising valuers than any other area of valuation in Australia and is a core pathway into other forms of professional practice in valuation and the broader property industry.

Building on earlier studies in valuation and property development, students examine the theoretical foundations and applied methodologies used to assess market value across a broad range of residential property types encountered in professional practice including detached dwellings, waterfront and prestige properties, strata-titled apartments, townhouses and villas, high-rise and walk-up developments, multi-unit dwellings, and rural residential properties. The subject also covers valuations undertaken prior to construction, construction progress inspections, and gross realisation assessments used in property development feasibility analysis.

Students develop their practical skills through field-based learning, inspecting properties, undertaking market research, and preparing valuation reports to professional standards. The subject also addresses the professional, regulatory, and industry context within which residential valuers operate, including client expectations, risk management, professional standards, and the role of technology in contemporary valuation practice, including artificial intelligence, automated valuation models, and other prop-tech tools used by practitioners.

  • Academic unit: Faculty of Society & Design
    Subject code: SDRE12-100
    Subject title: Residential Property Valuation for Property Professionals
    Subject level: Undergraduate
    Semester/Year: January 2027
    Credit points: 10.000
  • Timetable: https://bond.edu.au/timetable
    Delivery mode: Standard
    Workload items:
    • Forum: x12 (Total hours: 24) - Weekly forum
    • Tutorial: x12 (Total hours: 12) - Weekly tutorial
    • Personal Study Hours: x12 (Total hours: 84) - Recommended study hours
    Attendance and learning activities: Attendance at all classes and field trips is required in order to successfully complete this subject. Non-attendance may result in failure to achieve the learning outcomes of this subject. As field trips follow necessary industry practices, participation forms a critical basis of assessments. Failure to attend field trips will result in an inability to perform necessary critical components of assessment which may restrict a student's learning and development and hence their assessment results.
  • Prescribed resources:

    Others

    After enrolment, students can check the Books and Tools area in iLearn for the full Resource List.
    iLearn@Bond & Email:

    iLearn@Bond is the Learning Management System at Bond University and is used to provide access to subject materials, class recordings and detailed subject information regarding the subject curriculum, assessment, and timing. Both iLearn and the Student Email facility are used to provide important subject notifications.

    Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student.

    To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au
    Class recordings:

    The primary workload items for this subject will be recorded for the purpose of revision.

    These recordings are not a substitute for attending classes. Students are encouraged to attend all sessions as there may be instances where a session is not recorded due to the presence of a guest speaker, the inclusion of sensitive or protected content, or technical issues. Students are advised not to rely solely on these recordings for revision.

    See the Recording policy for further details.
Academic unit: Faculty of Society & Design
Subject code: SDRE12-100
Subject title: Residential Property Valuation for Property Professionals
Subject level: Undergraduate
Semester/Year: January 2027
Credit points: 10.000

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.

Working knowledge of the application and use of RP Data, Nearmap, PD Online (or similar), Microsoft Excel, Microsoft Word.
Restrictions:

Students taking the subject as a General Elective or Study Abroad must, prior to enrolment have completed the prerequisite subject or an approved alternative for which credit has been provided.

Assurance of learning

Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.

At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.

Program Learning Outcomes (PLOs)

Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.

Find your program

Subject Learning Outcomes (SLOs)

On successful completion of this subject the learner will be able to:

  1. Apply residential property valuation principles and methodologies to assess the market value of a range of residential property asset types and gross realisations of property development feasibilities.
  2. Evaluate the professional responsibilities, standards, and risks associated with residential property valuation practice.
  3. Analyse the professional, regulatory, and industry context within which residential valuers operate in Australia.
  4. Form reasoned assessments of value using appropriate evidence and professional judgement in defined valuation contexts.
  5. Prepare valuation and related inspection reports to industry standards for a range of purposes.

Generative Artificial Intelligence in Assessment

The University acknowledges that Generative Artificial Intelligence (Gen-AI) tools are an important facet of contemporary life. Their use in assessment is considered in line with students’ development of the skills and knowledge which demonstrate learning outcomes and underpin study and career success. Instructions on the use of Gen-AI are given for each assessment task; it is your responsibility to adhere to these instructions.

  • Type Task % Timing* Outcomes assessed AI category
    Portfolio A portfolio of the student's valuation assessments of detached residential dwellings. 30.00% Week 5 1, 2, 3, 4, 5
    Portfolio A portfolio of the student's valuation assessments of apartments and multi-unit residential dwellings. 35.00% Week 10 1, 2, 3, 4, 5
    Computer-aided Test (Limited Open) In-class test of content, knowledge and skills developed across the semester's body of work. 25.00% Week 12 1, 2, 3, 4
    Activity Participation, engagement and conduct on field trips. All field trips are compulsory to attend. Students who do not attend the field trips may not be able to complete all components of assessments inhibiting their learning outcomes and potential assessment results. 10.00% Progressive 2, 3, 5
    • * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
    • C = Students must reach a level of competency to successfully complete this assessment.

    AI Categories

    • Ai Prohibited: Learning to develop AI-free knowledge and skills.

    • Ai Supported: Learning with the help of AI as directed.

    • Ai Focussed: Learning AI expertise and mastery as directed.

    Refer to the assessment task sheet for specific AI instructions and review the Bond University Gen-AI Guide.

  • Assessment criteria

    High Distinction 85-100 Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking.
    Distinction 75-84 Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas.
    Credit 65-74 Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above.
    Pass 50-64 Usually awarded to students whose performance meets the requirements set for work provided for assessment.
    Fail 0-49 Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines.

    Quality assurance

    For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.

Type Task % Timing* Outcomes assessed AI category
Portfolio A portfolio of the student's valuation assessments of detached residential dwellings. 30.00% Week 5 1, 2, 3, 4, 5
Portfolio A portfolio of the student's valuation assessments of apartments and multi-unit residential dwellings. 35.00% Week 10 1, 2, 3, 4, 5
Computer-aided Test (Limited Open) In-class test of content, knowledge and skills developed across the semester's body of work. 25.00% Week 12 1, 2, 3, 4
Activity Participation, engagement and conduct on field trips. All field trips are compulsory to attend. Students who do not attend the field trips may not be able to complete all components of assessments inhibiting their learning outcomes and potential assessment results. 10.00% Progressive 2, 3, 5
  • * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
  • C = Students must reach a level of competency to successfully complete this assessment.

AI Categories

  • Ai Prohibited: Learning to develop AI-free knowledge and skills.

  • Ai Supported: Learning with the help of AI as directed.

  • Ai Focussed: Learning AI expertise and mastery as directed.

Refer to the assessment task sheet for specific AI instructions and review the Bond University Gen-AI Guide.

Study Information

Submission procedures

Students must check the iLearn@Bond subject site for detailed assessment information and submission procedures.

Policy on late submission and extensions

A late penalty will be applied to all overdue assessment tasks unless an extension is granted by the subject coordinator. The standard penalty will be 10% of marks awarded to that assessment per day late with no assessment to be accepted seven days after the due date. Where a student is granted an extension, the penalty of 10% per day late starts from the new due date.

Academic Integrity

Bond University‘s Student Code of Conduct Policy , Student Charter, Academic Integrity Policy and our Graduate Attributes guide expectations regarding student behaviour, their rights and responsibilities. Information on these topics can be found on our Academic Integrity webpage recognising that academic integrity involves demonstrating the principles of integrity (honesty, fairness, trust, professionalism, courage, responsibility, and respect) in words and actions across all aspects of academic endeavour.

Staff are required to report suspected misconduct. This includes all types of plagiarism, cheating, collusion, fabrication or falsification of data/content or other misconduct relating to assessment such as the falsification of medical certificates for assessment extensions. The longer term personal, social and financial consequences of misconduct can be severe, so please ask for help if you are unsure.

If your work is subject to an inquiry, you will be given an opportunity to respond and appropriate support will be provided. Academic work under inquiry will not be marked until the process has concluded. Penalties for misconduct include a warning, reduced grade, a requirement to repeat the assessment, suspension or expulsion from the University.

Feedback on assessment

Feedback on assessment will be provided to students according to the requirements of the Assessment Procedure Schedule A - Assessment Communication Procedure.

Whilst in most cases feedback should be provided within two weeks of the assessment submission due date, the Procedure should be checked if the assessment is linked to others or if the subject is a non-standard (e.g., intensive) subject.

Accessibility and Inclusion Support

Support is available to students where a physical, mental or neurological condition exists that would impact the student’s capacity to complete studies, exams or assessment tasks. For effective support, special requirement needs should be arranged with the University in advance of or at the start of each semester, or, for acute conditions, as soon as practicable after the condition arises. Reasonable adjustments are not guaranteed where applications are submitted late in the semester (for example, when lodged just prior to critical assessment and examination dates).

As outlined in the Accessibility and Inclusion Policy, to qualify for support, students must meet certain criteria. Students are also required to meet with the Accessibility and Inclusion Advisor who will ensure that reasonable adjustments are afforded to qualifying students.

For more information and to apply online, visit BondAbility.

Additional subject information

Student membership of the industry certification bodies is required, including the Australian Property Institute and the Royal Institution of Chartered Surveyors. Note: Student Membership for API & RICS for students enrolled in this subject is free.

Subject curriculum

Approved on: May 15, 2026. Edition: 1
Last updated: Jul 29, 2026