Course overview
This course will provide students with an understanding of the entire process of property development and an appreciation of the role of the property professional in the property development process. Principles of urban and regional planning, property development processes, environmental impact studies, including the property development process and participants; inception and refinement of the development idea through market research; the public roles and development approvals; the formal feasibility study; DCF applications in feasibility and lifecycle analysis; valuation of development land and incomplete property developments; financing the development; contracts, commitment and construction; completion, marketing and management; development of residential land subdivisions; trends and issues in property development.
Course learning outcomes
- Critically review the real estate development process, including the roles of other professionals.
- Critically analyse the interaction of space consumers, space providers, infrastructure providers, the community and regulators in the property development process.
- Produce market research for residential development, commercial development or industrial development project.
- Produce a preliminary economic feasibility study for a small to medium sized residential development, commercial development or industrial development project.
- Conduct valuation of development land and identify issues in property development projects.
- Critically analyse the trends and issues in the property development market.
- Demonstrate UniSA Business Enterprise Skills in the context of the Property discipline: i) Problem Solving (advanced level); ii) Teamwork (advanced level); and iii) Written Communication (advanced level).