PROP19001 - Statutory Valuation

General Information

Unit Synopsis

In this unit you will focus on valuations undertaken for statutory purposes, including the valuation of property for compulsory acquisition as well as rating and taxation valuations. You will examine the relevant legislation, theory and procedures relating to land acquisition, compensation and revenue raising. You will develop practical skills in statutory valuation and be able to prepare valuations for compensation.


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

Prerequisite: PROP11001

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 3 - 2022

Term 2 - 2023 Profile

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. Written 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 2 - 2021 : The overall satisfaction for students in the last offering of this course was 4.8 (on a 5 point Likert scale), based on a 33.33% 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: Student evaluation
‘Although study guide questions and answers are discussed and provided in tutorials and recordings, it may be of benefit to upload a short answer sheet to aid in study for the final exam’.
The virtual classes, where questions and answers from the study guide are discussed, will remain the primary means to discuss more detailed concepts. The weekly quiz (optional) and discussion forums will be used to share answers of a shorter, less detailed nature.
Action Taken
Virtual classes remain the primary means to discuss more detailed concepts. The weekly quiz (optional) and discussion forums were used to share answers of a shorter, less detailed nature.
Source: Student evaluations
Some students considered the quantum of learning manageable while others requested shorter videos. One student expressed that she usually struggles to absorb information but 'enjoyed this unit and felt in control of [her] learning'. Another student said the unit knowledge was 'well explained however [the videos] need[ed] to be shorten[ed].
Further analysis of comparable units will be undertaken to measure quantum of learning expectations. Subject to accreditation requirements, and satisfaction of learning outcomes, changes may be introduced.
Action Taken
Source: Unit coordinator reflection
There were some students who were hard to engage with.
Students who have limited engagement will continue to be contacted and encouraged to participate.
Action Taken
Unit learning Outcomes

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

  1. Apply the major legal concepts related to statutory valuation to real situations
  2. Identify the valuation approaches applicable to rating valuations throughout Australia
  3. Research at relevant government offices and internet provider services
  4. Demonstrate the responsibilities involved in statutory valuation practice.

The Australian Property Institute (API) has accredited this unit as part of the Bachelor of Property course. This unit contributes to the core knowledge field of the API in Statutory Valuation. The learning outcomes for the unit and the assessments have been designed around the accreditation requirements.

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4
1 - Written 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
1 - Communication
2 - Problem Solving
3 - Critical Thinking
4 - Information Literacy
6 - Information Technology 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
1 - Written Assessment
2 - Take Home Exam