MMP111 - Introduction to Property
Unit details
| Year | 2025 unit information |
|---|---|
| Enrolment modes: | Trimester 1: Burwood (Melbourne), Online Trimester 3: Burwood (Melbourne), Online |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Unit Chair: | Trimester 1: Tom Keel Trimester 3: Qiang Li |
| Prerequisite: | Nil |
| Corequisite: | Nil |
| Incompatible with: | Nil |
| Educator-facilitated (scheduled) learning activities - on-campus unit enrolment: | 1 x 1 hour on-campus lecture (recordings provided), 1 x 2 hour on-campus seminar (recordings provided) each week |
| Educator-facilitated (scheduled) learning activities - online unit enrolment: | 1 x 1 hour recorded lecture provided and 1 x 2 hour online seminar (recordings provided) each week |
| Typical study commitment: | Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit. This will include educator guided online learning activities within the unit site. |
Content
This unit aims to give students a general introduction into the property market, property valuation and the role property plays in today’s economy. It introduces the concept of real property and improvements to land; highest and best use analysis (HBU-A), property and the economy (their relationship); a broad overview of property markets and sub-markets; an introduction to property management, types of property development and the stakeholders; urban land economics, sustainability and land planning. On completion of Introduction to Property students should be able to:
- place property in the context of the built environment, urban planning, the investment environment
- appreciate the concept of real property & improvements on land
- gain a broad understanding of property sectors, markets and sub-markets
- be aware of property finance and tax in relation to broad legal and economic aspects of property valuation
- appreciate the basic concepts of investment, yield including the essentials of basic financial mathematics
- recognise the importance of urban economics and livability in the growth of cities and urban areas
Learning Outcomes
| ULO | These are the Unit Learning Outcomes (ULOs) for this unit. At the completion of this unit, successful students can: | Alignment to Deakin Graduate Learning Outcomes (GLOs) |
|---|---|---|
| ULO1 | Apply property valuation fundamentals and market data to provide an estimate of property value. | GLO1: Discipline-specific knowledge and capabilities |
| ULO2 | Develop a variety of market, property and client reports. | GLO2: Communication |
| ULO3 | Identify and locate relevant information to conduct a detailed property market analysis. | GLO3: Digital literacy |
Assessment
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
|---|---|---|---|
| Assessment 1: (Individual) Market and Property Report | 1400 words | 30% | Week 5 |
| Assessment 2: (Individual) Report (Business) | 1400 words | 30% | Week 9 |
| Assessment 3: (Individual) Property Report | 1400 words | 40% | End-of-unit assessment period |
The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.
Hurdle requirement
Hurdle requirement: students must successfully complete the professional literacy module (EDL) to gain access to the assignment dropbox
Learning resource
The texts and reading list for MMP111 can be found via the University Library.
Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.
Unit Fee Information
Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.
Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.
For further information regarding tuition fees, other fees and charges, invoice due dates, withdrawal dates, payment methods visit our Current Students website.