PROP13001 - Property Development

General Information

Unit Synopsis

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

Level Undergraduate
Unit Level 3
Credit Points 6
Student Contribution Band SCA Band 4
Fraction of Full-Time Student Load 0.125
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).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 1 - 2024

Term 1 - 2024 Profile
Online
Term 1 - 2025 Profile
Online

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).

Assessment Overview

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.

Assessment Tasks

Assessment Task Weighting
1. Practical Assessment 50%
2. Take Home Exam 50%

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

Past Exams

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Previous Feedback

Term 1 - 2024 : The overall satisfaction for students in the last offering of this course was 100.00% (`Agree` and `Strongly Agree` responses), based on a 20% response rate.

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.

Source: SUTE
Feedback
One student was not satisfied with 'useful knowledge/skills'.
Recommendation
There were no qualitative comments to assess this further and the matter was not raised in previous SUTE feedback. No comments were shared in the discussion posts or in class. No specific action to take other than be alert and attentive to student feedback.
Action Taken
More practical activities were included including the use of discounted cash flow analysis.
Source: Bachelor of Property assessment review and discipline discussion
Feedback
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.
Recommendation
The module addressing residual analysis and feasibility was partially extended to include further information on time-based, Discounted Cash Flow, analysis. Students were encouraged, and some completed more detailed DCF analysis in their assignments. Further consideration of course level change is being discussed within the discipline group.
Action Taken
DCF development and use were optional but recommended this term.
Source: SUTE 2024
Feedback
'Would love to know more about some of the more complex evaluations of feasibility. Very satisfied with this subject'
Recommendation
In the major assignment students were given the opportunity to apply DCF (more complex evaluations). This may be taken further with a subsequent change to the rubric in future terms.
Action Taken
In Progress
Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. Explain the history, principles and current operation of land uses in Australia
  2. Apply planning principles to particular properties to achieve acceptable development outcomes for owners and the community
  3. Demonstrate the procedures involved in obtaining development approval, including the management of dispute resolution
  4. Undertake legal research to identify case law, legislation, policies and procedures relevant to particular property development and planning problems
  5. 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 • • • •
2 - Take Home Exam • • • •
Alignment of Graduate Attributes to Learning Outcomes
• Introductory Level
• Intermediate Level
• Graduate Level
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 • • •
Alignment of Assessment Tasks to Graduate Attributes
• Introductory Level
• Intermediate Level
• Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8 9 10