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The current and official versions of the course specifications are available on the web at https://www.usq.edu.au/course/specification/current.
Please consult the web for updates that may occur during the year.

MGT8070 Property Development

Semester 1, 2020 Online
Short Description: Property Development
Units : 1
Faculty or Section : Faculty of Business, Education, Law and Arts
School or Department : School of Management and Enterprise
Student contribution band : Band 3
ASCED code : 080315 - Project Management
Grading basis : Graded
Version produced : 27 February 2020

Staffing

Examiner: Bronte Van Der Hoorn

Other requisites

Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.

Rationale

A significant component of the Australian economy revolves around aspects of property development, and the industry which employs a large proportion of the nation's workforce, directly or indirectly. Property development covers the public sector and the private sector, including commercial, retail, industrial, residential, tourism and government. Some property developers will dispose of property assets during or upon completion, while others will retain the assets as investments for long periods of time, and this will significantly affect the issues to be considered during the property development stages. Numerous stakeholders are engaged in the property development process for diverse reasons and objectives including real estate agencies, property managers, construction and maintenance, legal practitioners, professional consultants, tenants, landlords, financial institutions, investors, and stockbrokers. An understanding of the potential role of these parties and their needs is critical to an understanding of property development.

Synopsis

This course examines the underlying principles of land use and property development. It considers property development in a range of sectors including commercial, residential, industrial, and government, as well as the broad range of associated stakeholders. It considers the full life cycle of property development from conceptualisation through to handover and occupation by end users. It briefly examines the legal environment within which property development takes place, as well as the principles related to design, marketing, construction and sustainability. It examines at a basic level the financial and economic principles associated with property development.

Objectives

On successful completion of this course students should be able to:

  1. demonstrate mastery of theoretical knowledge in and reflect critically on theory and professional practice in sustainable property development;
  2. investigate, analyse, synthesise and apply complex information, problems, concepts and theories to small to medium-sized property projects from inception to completion;
  3. demonstrate technical, communication and research skills needed to undertake property development processes and to select and use tools appropriate to the project requirements, context and environment;
  4. demonstrate communication skills to justify theoretical propositions, methodologies, conclusions and professional decisions to relevant audiences.

Topics

Description Weighting(%)
1. Land use and property development 10.00
2. Property development stakeholders and needs 30.00
3. Property development processes and pitfalls 40.00
4. The outcomes of property development 20.00

Text and materials required to be purchased or accessed

ALL textbooks and materials available to be purchased can be sourced from USQ's Online Bookshop (unless otherwise stated). (https://omnia.usq.edu.au/textbooks/?year=2020&sem=01&subject1=MGT8070)

Please contact us for alternative purchase options from USQ Bookshop. (https://omnia.usq.edu.au/info/contact/)

Reed, R & Sims, S 2015, Property development, 6th edn, Routledge, London.

Reference materials

Reference materials are materials that, if accessed by students, may improve their knowledge and understanding of the material in the course and enrich their learning experience.
Peiser, R & Frej, A 2012, Professional real estate development - the ULI guide to the business, 3rd edn, The Urban Land Institute, Washington DC.
Summers, J & Smith, B 2014 2014, Communication skills handbook, 4th edn, John Wiley & Sons, Brisbane, Queensland.

Student workload expectations

Activity Hours
Directed Study 42.00
Independent Study 123.00

Assessment details

Description Marks out of Wtg (%) Due Date Notes
ASSIGNMENT 1 100 30 31 Mar 2020 (see note 1)
ASSIGNMENT 2 100 70 05 Jun 2020 (see note 2)

Notes
  1. Assignment 1 requires students to select an appropriate project for analysis and undertake a small case study report. The same project can be used for assignments 1 and 2.
  2. Assignment 2 is a major project-based case study and requires students to obtain sufficient information on a project of their choice to carry out a critical analysis of nominated aspects of that project. Students should choose a project as early as possible after reading the requirements of assignment 2. The same project can be used for assignments 1 and 2.

Important assessment information

  1. Attendance requirements:
    There are no attendance requirements for this course. However, it is the students' responsibility to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration.

  2. Requirements for students to complete each assessment item satisfactorily:
    To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks. (Depending upon the requirements in Statement 4 below, students may not have to satisfactorily complete each assessment item to receive a passing grade in this course.)

  3. Penalties for late submission of required work:
    Students should refer to the Assessment Procedure http://policy.usq.edu.au/documents.php?id=14749PL (point 4.2.4)

  4. Requirements for student to be awarded a passing grade in the course:
    To be assured of receiving a passing grade a student must achieve at least 50% of the total weighted marks available for the course.

  5. Method used to combine assessment results to attain final grade:
    The final grades for students will be assigned on the basis of the weighted aggregate of the marks obtained for each of the summative assessment items in the course.

  6. Examination information:
    There is no examination in this course.

  7. Examination period when Deferred/Supplementary examinations will be held:
    Not applicable.

  8. University Student Policies:
    Students should read the USQ policies: Definitions, Assessment and Student Academic Misconduct to avoid actions which might contravene University policies and practices. These policies can be found at http://policy.usq.edu.au.

Assessment notes

  1. Referencing in assignments:
    Harvard (AGPS) is the referencing system required in this course. Students should use Harvard (AGPS) style in their assignments to format details of the information sources they have cited in their work. The Harvard (AGPS) style to be used is defined by the USQ Library's referencing guide at http://www.usq.edu.au/library/referencing.

Date printed 27 February 2020