Overview
This unit covers the legal and administrative aspects of property development and land use control. You will be introduced to the contemporary land use planning regime used in Australia and its operation for the management of property development. You will examine the history and principles of environmental planning, the mechanisms in use for the control of land use, and the procedure required for gaining approval for developing land for a more productive use as well as dispute resolution options.
Details
Pre-requisites or Co-requisites
Prerequisites: PROP11001 Property Valuation and FINC19014 Property Investment and 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 1 - 2023
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 Bachelor of Property assessment review and discipline discussion
Given the extensive coverage of complex valuation approaches in other property units there is potential to include further consideration of time-based residual and feasibility analysis in this unit.
The module addressing residual analysis and feasibility was partially extended to include further information on time-based, Discounted Cash Flow, analysis. This will require further revisions of study guides and provides scope to extend the assignment brief to encourage more advanced approaches to the feasibility analysis.
- Explain the history, principles and current operation of land use planning in Australia
- Apply planning principles to particular properties to achieve acceptable development outcomes for owners and the community
- Demonstrate the procedures involved in obtaining development approval, including the management of dispute resolution
- Undertake legal research to identify case law, legislation, policies and procedures relevant to particular property development and planning problems
- Apply ethical judgement for appropriate planning and development outcomes.
Alignment of Assessment Tasks to Learning Outcomes
| Assessment Tasks | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1 - Practical Assessment - 50% | |||||
| 2 - Examination - 50% | |||||
Alignment of Graduate Attributes to Learning Outcomes
| Graduate Attributes | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 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 - Practical Assessment - 50% | ||||||||||
| 2 - Examination - 50% | ||||||||||
Textbooks
Property Development
Edition: 7th (2021)
Authors: Richard Reed
Routledge
2 Park Square, Milton Park, Abingdon , Oxon OX14 2 Park Square, Milton Park, Abingdon , Oxon OX14 , UK
ISBN: 978-0-367-85835-3
Binding: Paperback
Australian Property Investment and Financing
Edition: 3rd edn (2010)
Authors: Patrick Rowland
Thomson Reuters
Sydney Sydney , NSW , Australia
ISBN: 9780455224329
Binding: Paperback
Additional Textbook Information
The prescribed textbook can be accessed online at the CQUniversity Library website. Access may be limited. If you would prefer your own copy, purchase either paper or eBook versions at the CQUni Bookshop here: http://bookshop.cqu.edu.au (search on the Unit code)
IT Resources
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
- Microsoft Office
- UCROO
- Zoom Conferencing (Webcam and Microphone)
All submissions for this unit must use the referencing style: American Psychological Association 7th Edition (APA 7th edition)
For further information, see the Assessment Tasks.
s.boyd@cqu.edu.au
Module/Topic
Introduction to property development
Chapter
Property Development by Reed and Sims, chapter 1
Events and Submissions/Topic
Module/Topic
Land for development
Chapter
Property Development by Reed and Sims, chapter 2
Events and Submissions/Topic
Module/Topic
Development appraisal
Chapter
Property Development by Reed and Sims, chapter 3
Events and Submissions/Topic
Module/Topic
Development finance
Chapter
Property Development by Reed and Sims, chapter 4
Events and Submissions/Topic
Module/Topic
Property cycles
Chapter
Property Development by Reed and Sims, chapter 5
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Planning
Chapter
Property Development by Reed and Sims, chapter 6
Events and Submissions/Topic
Module/Topic
Construction
Chapter
Property Development by Reed and Sims, chapter 7
Events and Submissions/Topic
Module/Topic
Market research
Chapter
Property Development by Reed and Sims, chapter 8
Events and Submissions/Topic
Module/Topic
Technology
Chapter
Property Development by Reed and Sims, chapter 9
Events and Submissions/Topic
Module/Topic
Marketing and sales
Chapter
Property Development by Reed and Sims, chapter 10
Events and Submissions/Topic
Module/Topic
Sustainable development
Chapter
Property Development by Reed and Sims, chapter 11
Events and Submissions/Topic
Module/Topic
Emerging markets
Chapter
Property Development by Reed and Sims, chapter 12
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
1 Practical Assessment
Develop a document where you identify and explain a logical process to the development of a real prescribed property. This document should help explain your approach to property development to potential stakeholders (such as financiers, joint venture partners and consultants) when planning and implementing the proposed development. Complete details to be found on the Moodle site.
Week 9 Friday (12 May 2023) 11:55 pm AEST
Week 11 Thursday (25 May 2023)
The assessment will be marked against the following criteria:
- Application of planning principles to a specified property
- Demonstration of the the procedures involved in realising the proposed end product
- Presentation and communication
The criteria are not equally weighted and further details regarding the assessment criteria may be found on the Moodle site.
- Apply planning principles to particular properties to achieve acceptable development outcomes for owners and the community
- Demonstrate the procedures involved in obtaining development approval, including the management of dispute resolution
- Undertake legal research to identify case law, legislation, policies and procedures relevant to particular property development and planning problems
- Apply ethical judgement for appropriate planning and development outcomes.
- Communication
- Problem Solving
- Critical Thinking
- Information Literacy
- Team Work
- Information Technology Competence
- Ethical practice
Examination
Calculator - non-programmable, no text retrieval, silent only
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?
