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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.

MGT8072 Property Ownership Management

Semester 2, 2020 Online
Short Description: Property Ownership Management
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 : 080399 - Business Mgt not classified
Grading basis : Graded
Version produced : 27 February 2020

Staffing

Examiner: Jon Whitty

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

Property ownership represents a significant component of the Australian economy, and the property industry employs a large proportion of the nation's workforce, directly or indirectly. Property ownership covers the public sector as well as the private sector including commercial, retail, industrial, residential, and tourism. The reasons and objectives for property ownership will vary widely and will influence the way in which property is acquired, funded, held and managed. Property ownership involves many other industries such as real estate agencies, property managers, construction and maintenance, legal practitioners, professional consultants, tenants, landlords, financial institutions, investors, stockbrokers, and an understanding of the role of these parties is critical to an understanding of property ownership.

Synopsis

This course examines the underlying principles of property ownership and the major reasons for investment in what is a volatile sector of the market.

The course is structured to provide a broad overview of the financial and economic implications of property ownership and asset management, and is not designed to provide a high level of economic skills. The course does not require any prior study of economics, but does require students to develop basic spreadsheet skills in carrying out financial cash flow analyses.

Objectives

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

  1. demonstrate mastery of theoretical knowledge of and reflect critically on theory and professional practice in sustainable property ownership;
  2. investigate, analyse, synthesise and apply complex information, problems, concepts and theories to ownership of small to medium-sized property investments;
  3. demonstrate technical, communication and research skills to undertake property acquisition and ownership processes, and to select and use tools appropriate to the nature and scale of the investment;
  4. communicate effectively to justify theoretical propositions, methodologies, conclusions and professional decisions to relevant audiences.

Topics

Description Weighting(%)
1. The nature of property investment 10.00
2. Analysis of property investment performance 30.00
3. Issues of property ownership 30.00
4. Management of property ownership stakeholders 30.00

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=02&subject1=MGT8072)

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

Airey, GJ 2003, The property investor's handbook, 3rd edn, Wrightbooks, Milton, Queensland.
Rowland, PJ 2010, Australian property investment and financing, Law Book Company, North Ryde, New South Wales.

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.
Sims, S & Reed, R 2015, Property development, 6th edn, Routledge, London.
Summers, J & Smith, B 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 10 Aug 2020 (see note 1)
ASSIGNMENT 2 100 70 23 Oct 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