Area: | School of Economics and Finance |
Credits: | 25.0 |
Contact Hours: | 3.0 |
Seminar: | 1 x 3 Hours Weekly |
Prerequisite(s): | 6879 (v.4) Income Property Analysis 550 or any previous version
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Syllabus: | Demand determinants for space at a given price - from macro economic influences to the study of competing projects. Traditional and contemporary approaches to project analysis - from a simple static model to dynamic cash flow analysis. Mathematical programming applications. Testing assumption - sensitivity and scenario analyses. Sources of finance for short and long term purposes - relationship to ownership entity and income tax treatments. Case studies. Use of micro computers. |
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Unit Outcomes: | On successful completion of this unit students will have- Understood the concept and processes of real estate development. Recognised the major participants in real estate development - their roles, motivations and relationships to one another. Knowledge of how to assess the financial viability of a development project, both in theory and through spreadsheet analysis. Become familiar with the financing considerations involved in financing real estate developments. |
Texts and references listed below are for your information only and current as of September 30, 2003. Some units taught offshore are modified at selected locations. Please check with the unit coordinator for up-to-date information and approved offshore variations to unit information before finalising study and textbook purchases. |
Unit References: | Brueggeman, W.B. and Fisher, J.D. (1997). Real Estate Finance and Investments. (tenth edition). Irwin, Cordells Building Cost Guide. Jaffe, A.J. and Sirmans, C.F. (1995). Fundamentals of Real Estate Development. (third edition). Sydney, Prentice Hall. Pehrr. (1989). Real Estate Investment Strategy Analysis Decisions. John Wiley and Sons. Reynolds, H.L. and Solomon, P.L. (1998). The Property Development Process: Western Australia. Victor Publishing. Robinson, J. (1989). Property Valuation and Investment Analysis: A Cash Flow Approach. The Law Book Company. Squirrell, M. (1997). Readings in Property Economics. The Australian Institute of Valuers and Land Economists. Whipple, R.T.M. (1995). Property Valuation and Analysis. The Law Book Company. Wurtzebach, C.H. and Miles, M. (1994). Modern Real Estate. (fifth edition). John Wiley and Sons. |
Unit Texts: | No prescribed texts. |
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Unit Assessment Breakdown: | Continuous Assessment 50%, Examination 50%. This is done by grade/mark assessment. |
Field of Education: | 80503 Real Estate | HECS Band (if applicable): | 2 |
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Extent to which this unit or thesis utilises online information: | Supplemental | Result Type: | Grade/Mark |
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Availability
| Year | Location | Period | Internal | Area External | Central External | | 2004 | Bentley Campus | Semester 2 | Y | | |
Area
External | refers to external course/units run by the School or Department, offered online or through Web CT, or offered by research. |
Central
External | refers to external course/units run through the Curtin Bentley-based Distance Education Area |
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