Course overview
This course will provide students with an introduction to the economic and geographical analysis of property and property markets. Characteristics and function of property markets and their role in an economic system; demand and supply factors influencing property markets; property market cycles and government intervention; theory of urban land rent, land use and land value; concepts of highest and best use; foundations of real property value; valuation approaches and methods; models of urban structure; nature of housing markets, urban decay and regeneration; planning for housing, transport and infrastructure; demography and forecasting.
Course learning outcomes
- Demonstrate an understanding of how economic and geographical factors influence property markets.
- Apply property economic theory to the development and pricing of land resources.
- Compare the role of the free market and Government, in land resource management.
- Demonstrate an understanding of the main characteristics of housing markets and the process of regeneration.
- Demonstrate UniSA Business Enterprise Skills in the context of the Property discipline: i) Problem Solving (intermediate level); ii) Written Communication (intermediate level); and ii) International Perspective (intermediate level).