Course overview
Students develop an understanding of how property value is generated within processes of urbanisation, the tools used to determine the financial feasibility of proposed development at different scales, how land use planning policy can impact positively and negatively on the financial feasibility of development and how different investment and finance models can improve housing affordability.
Course learning outcomes
- Understand the foundation and development of property and development economic activities in cities
- Understand how land use planning policies impact economic goals for cities and regions
- Describe key theories relating to land use patterns, economic outcomes of land use planning, and infrastructure funding mechanisms
- Describe the process involved in property development from site selection through to disposal of completed projects
- Demonstrate an understanding of the project appraisal process and an ability to critically evaluate projects using appraisal techniques
- Analyse a range of economic values and exercise judgment in applying these values in the context of real world development problems