Overview
You will examine property investments in terms of investment strategy and financial performance appraisal. You will cover the analysis of property investments over time taking financial and business risk factors into account. You will develop skills in Discounted Cash Flow analysis, as well as examine the various background factors that influence the investment performance of property investment assets. You will also explore property development as a form of property investment. You will be introduced to the analysis of debt leveraging and income taxation as they impact on property investment and the operation of the various factors that impact on future investment performance. You will be exposed to the unique characteristics of property investment and its financing in ways that will be also applicable to a range of other investment opportunities.
Details
Pre-requisites or Co-requisites
FINC19011 Business Finance
Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).
Offerings For Term 2 - 2017
Attendance Requirements
All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
Recommended Student Time Commitment
Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.
Class Timetable
Assessment Overview
Assessment Grading
This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University’s Grades and Results Policy for more details of interim results and final grades.
All University policies are available on the CQUniversity Policy site.
You may wish to view these policies:
- Grades and Results Policy
- Assessment Policy and Procedure (Higher Education Coursework)
- Review of Grade Procedure
- Student Academic Integrity Policy and Procedure
- Monitoring Academic Progress (MAP) Policy and Procedure – Domestic Students
- Monitoring Academic Progress (MAP) Policy and Procedure – International Students
- Student Refund and Credit Balance Policy and Procedure
- Student Feedback – Compliments and Complaints Policy and Procedure
- Information and Communications Technology Acceptable Use Policy and Procedure
This list is not an exhaustive list of all University policies. The full list of University policies are available on the CQUniversity Policy site.
Feedback, Recommendations and Responses
Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.
Feedback from Evaluation Survey
Maybe a study guide would help.
Text books appear unpopular and more written support will be provided to parallel the videos, powerpoint and spreadsheet based resources.
Feedback from Evaluation Survey
More exam advice and past papers
The current exam advice is supplied in week ten written to the School standard and a single past paper. Supplying more past papers will be considered.
- Describe the considerations involved in property and development investment.
- Evaluate investment environments and the merits of competing property investment strategies.
- Apply quantitative techniques, including discounted cash flow analysis, loan, income taxation and leverage modelling, to property and development investments.
- Apply quantitative risk analysis into practical investment studies.
Alignment of Assessment Tasks to Learning Outcomes
| Assessment Tasks | Learning Outcomes | |||
|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |
| 1 - Written Assessment - 50% | ||||
| 2 - Examination - 50% | ||||
Alignment of Graduate Attributes to Learning Outcomes
| Graduate Attributes | Learning Outcomes | |||
|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |
| 1 - Communication | ||||
| 2 - Problem Solving | ||||
| 3 - Critical Thinking | ||||
| 4 - Information Literacy | ||||
| 5 - Team Work | ||||
| 6 - Information Technology Competence | ||||
| 7 - Cross Cultural Competence | ||||
| 8 - Ethical practice | ||||
| 9 - Social Innovation | ||||
| 10 - Aboriginal and Torres Strait Islander Cultures | ||||
Alignment of Assessment Tasks to Graduate Attributes
| Assessment Tasks | Graduate Attributes | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
| 1 - Written Assessment - 50% | ||||||||||
| 2 - Examination - 50% | ||||||||||
Textbooks
Australian Property Investment and Financing
(2009)
Authors: Patrick Rowland
Law Books
Sydney Sydney , NSW , Australia
ISBN: 978 0 455 224329
Binding: Paperback
Additional Textbook Information
Earlier editions of Patrick Rowland's property finance texts (Property Investments and their Financing) may suffice if available, however chapter content and order will be the responsibility of students to check.
IT Resources
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
- CoreLogic RPData property information system
- EndNote: referencing software available from CQUniversity Library.
- The Property Program Gateway
All submissions for this unit must use the referencing style: American Psychological Association 6th Edition (APA 6th edition)
For further information, see the Assessment Tasks.
g.small@cqu.edu.au
Module/Topic
Real Estate as Investment
Chapter
1 & 2
Events and Submissions/Topic
Module/Topic
Property Investment Strategies
Chapter
3
Events and Submissions/Topic
Module/Topic
Discounted Cash Flow Appraisal
Chapter
6 & 7
Events and Submissions/Topic
Module/Topic
Taxation and Property Investment
Chapter
5
Events and Submissions/Topic
Module/Topic
Risk and Uncertainty Modelling
Chapter
9
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Debt Markets and Investment Strategies
Chapter
4 & 13
Events and Submissions/Topic
Module/Topic
Forecasting Theory
Chapter
8
Events and Submissions/Topic
Module/Topic
Historical Trends, Culture & Risk
Chapter
14
Events and Submissions/Topic
Module/Topic
Money and Interest Rate Theory
Chapter
12
Events and Submissions/Topic
Module/Topic
Property Development Investment
Chapter
Events and Submissions/Topic
Module/Topic
Wealth Effects within property
Chapter
15
Events and Submissions/Topic
Module/Topic
Portfolio Investment
Chapter
10
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
1 Written Assessment
This is a field study and analysis of a property investment. It will involve selecting a single tenanted property, sourcing all data relevant to its acquisition and operation as a property investment, modelling the investment using DCF and preparing an investment appraisal report that includes quantified risk analysis. As part of the field work you will be expected to contact various specialists and obtain from them advice on data and methods.
Further details will be available within the "Assignment" link within the "Assessment" block on the unit Moodle page.
Week 9 Monday (11 Sept 2017) 11:45 pm AEST
Monday (25 Sept 2017)
Comments and Grades available on Moodle
| Presentation |
| Property Description |
| Economic Outlook |
| Data Quality |
| Risk Analysis |
| DCF Model (Test data) |
| Practitioner Contact |
| Insightfulness |
- Describe the considerations involved in property and development investment.
- Evaluate investment environments and the merits of competing property investment strategies.
- Apply quantitative techniques, including discounted cash flow analysis, loan, income taxation and leverage modelling, to property and development investments.
- Apply quantitative risk analysis into practical investment studies.
- Communication
- Problem Solving
- Critical Thinking
- Information Literacy
- Team Work
- Information Technology Competence
Examination
Dictionary - non-electronic, concise, direct translation only (dictionary must not contain any notes or comments).
As a CQUniversity student you are expected to act honestly in all aspects of your academic work.
Any assessable work undertaken or submitted for review or assessment must be your own work. Assessable work is any type of work you do to meet the assessment requirements in the unit, including draft work submitted for review and feedback and final work to be assessed.
When you use the ideas, words or data of others in your assessment, you must thoroughly and clearly acknowledge the source of this information by using the correct referencing style for your unit. Using others’ work without proper acknowledgement may be considered a form of intellectual dishonesty.
Participating honestly, respectfully, responsibly, and fairly in your university study ensures the CQUniversity qualification you earn will be valued as a true indication of your individual academic achievement and will continue to receive the respect and recognition it deserves.
As a student, you are responsible for reading and following CQUniversity’s policies, including the Student Academic Integrity Policy and Procedure. This policy sets out CQUniversity’s expectations of you to act with integrity, examples of academic integrity breaches to avoid, the processes used to address alleged breaches of academic integrity, and potential penalties.
What is a breach of academic integrity?
A breach of academic integrity includes but is not limited to plagiarism, self-plagiarism, collusion, cheating, contract cheating, and academic misconduct. The Student Academic Integrity Policy and Procedure defines what these terms mean and gives examples.
Why is academic integrity important?
A breach of academic integrity may result in one or more penalties, including suspension or even expulsion from the University. It can also have negative implications for student visas and future enrolment at CQUniversity or elsewhere. Students who engage in contract cheating also risk being blackmailed by contract cheating services.
Where can I get assistance?
For academic advice and guidance, the Academic Learning Centre (ALC) can support you in becoming confident in completing assessments with integrity and of high standard.
What can you do to act with integrity?
