The subject will introduce students to the theory and practice of property valuation as a professional process primarily from the Australian perspective. The subject is designed to assist students to develop an understanding of the property market, the role of the profession and the methods of valuation used to determine the value of a range of legal interests in property, primarily, at this introductory stage, relating to open market freehold interests. The subject will draw upon the current property market and the assessment will require students to collect and analyse market data from a range of defined sources. Students will also be given the opportunity to acquire the necessary analytical tools to work through property market specific supply and demand issues, identify future market trends and objectively evaluate current issues affecting property being valued. The summative (graded) assessment will be achieved by the completion, at an introductory professional standard, of two comprehensive valuation reports based on field inspections.
|Faculty||Faculty of Society & Design|
1. Develop an understanding of the nature and role of the valuation profession, the property market and valuation methods.
2. Develop skills, competencies and knowledge appropriate for selecting, analysing and synthesising material of relevance to the conduct of property valuation in academic and professional contexts.
3. Access a comprehensive range of information sources, relevant to the valuation of property.
4. Analyse and criticise relevant material in an appropriate manner, supported by reasoned argument and generate independent opinions of value.
5. Prepare, arrange and present valuation reports at an appropriate standard for academic and professional purposes.
Future offerings not yet planned.