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SVY3302 Property Valuation and Development

Semester 2, 2022 Springfield On-campus
Units : 1
Faculty or Section : Faculty of Health, Engineering and Sciences
School or Department : School of Surveying & Built Environment
Student contribution band : Band 2
Grading basis : Graded
Version produced : 27 June 2022


Examiner: Paula Grant


Surveyors, Planners and GIS professionals are inextricably involved in the process of property development. To appropriately fulfil their roles, they need a thorough understanding of developer motivations, risks and opportunities.

Real property is both a necessity for living and a potential source of economic growth and profit. This course provides an overview of property as an economic asset and an investment vehicle. It highlights the risks and opportunities that come with developing residential property for the market and introduces students to the development process from conception to construction to disposal. The course will describe the basic principles of land valuation for land markets and statutory purposes that is an essential tool for rational decision making in property development.

Course learning outcomes

The course objectives define the student learning outcomes for a course. On completion of this course, students should be able to:

  1. describe the factors affecting the supply of and demand for land and development
  2. apply knowledge of the principles of valuation for land and improvements on land
  3. analyse the potential of a site for development
  4. apply property development appraisal and feasibility techniques
  5. compare property development funding and financial structures
  6. explain decision constraints on construction and disposal alternatives


Description Weighting(%)
1. Factors affecting property development 25.00
2. Property and land valuation 25.00
3. The Investment decision 20.00
4. The Development decision 30.00

Text and materials required to be purchased or accessed

There are no texts or materials required for this course.

Student workload expectations

To do well in this subject, students are expected to commit approximately 10 hours per week including class contact hours, independent study, and all assessment tasks. If you are undertaking additional activities, which may include placements and residential schools, the weekly workload hours may vary.

Assessment details

Approach Type Description Group
Weighting (%) Course learning outcomes
Assignments Written Report No 25 1,2
Assignments Written Planning document Yes 25 4,5
Assignments Practical Tech and/or scntific artefact No 50 1,2,3,4,5,6
Date printed 27 June 2022