SSUD12-100: Property Development

Description

This subject provides students with an understanding of the property development process and the importance of the property development industry in a modern economy. Additionally, the subject introduces the processes involved in property development in market economies in the context of government regulation and approval requirements, as well as providing an introduction to the financial analysis and the determination of the viability of potential projects. The emphasis is on the private sector and the roles of the various stakeholders.

Subject details

Type:	Undergraduate Subject
Code:	SSUD12-100
EFTSL:	0.125
Faculty:	Faculty of Society and Design
Semesters offered:	May 2024 [Standard Offering]
Credit:	10
Study areas:	Construction, Property, and Planning
Subject fees:	Commencing in 2023: $4,050.00 Commencing in 2024: $4,260.00 Commencing in 2025: $4,460.00 Commencing in 2023: $5,400.00 Commencing in 2024: $5,730.00 Commencing in 2025: $5,990.00

Learning outcomes

Describe the nature and role of property development within a modern economy.
Gain an understanding of the property development process including the investigation of initial development concepts, site acquisition and site assembly.
Explain the role of planning and the planning process in property development and how development controls impact on urban areas and specifically on development site values.
Prepare a developer's budget and feasibility report for a potential property development project in order to determine project viability.
Gain an understanding of the risk management process for a property development project as well as complete a sensitivity analysis.
Research and calculate key revenue and expenditure input variables for a potential property development project including comparable sales, rental revenues, construction costs, infrastructure charges and other applicable government taxes and charges.
Recognise the importance of sustainability in the urban environment.

Enrolment requirements

Requisites:	Nil
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:

Requisites:

Nil

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 outlines

Subject dates

May 2024

Standard Offering
Enrolment opens:	17/03/2024
Semester start:	13/05/2024
Subject start:	13/05/2024
Cancellation 1:	27/05/2024
Cancellation 2:	03/06/2024
Last enrolment:	26/05/2024
Withdraw - Financial:	08/06/2024
Withdraw - Academic:	29/06/2024
Teaching census:	07/06/2024

Standard Offering
Enrolment opens:	17/03/2024
Semester start:	13/05/2024
Subject start:	13/05/2024
Cancellation 1:	27/05/2024
Cancellation 2:	03/06/2024
Last enrolment:	26/05/2024
Withdraw - Financial:	08/06/2024
Withdraw - Academic:	29/06/2024
Teaching census:	07/06/2024