10857 (v.3) Real Estate Development 310

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Area:	School of Economics and Finance
Credits:	25.0
Contact Hours:	3.0
Lecture:	1 x 1.5 Hours Weekly
Tutorial:	1 x 1.5 Hours Weekly
Prerequisite(s):	10828 (v.3) Income Property Analysis 102 or any previous version AND 10858 (v.3) Real Estate Market Analysis 210 or any previous version
Syllabus:	Real estate development - private and public partnerships, joint developments. Project characteristics and client requirements. Financial analysis and valuation, break even and scenario analyses, risk analysis, works in progress, case studies.
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. Developedknowledge on how to assess the financial viability of a development project, both in theory and through spreadsheet analysis. Become familiar with the variety of financing instruments used in financing real estate developments.
Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information.
Unit References:	Brueggeman, W.B., Fisher, J.D., (1997). Real Estate Finance and Investments. 10th ed., Irwin, Cordells Building Cost Guide. Jaffe, A.J. and Sirmans, C.F., (1995). Fundamentals of Real Estate Development. 3rd ed., Sydney, Prentice Hall. Pyhrr, (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, 5th ed., John Wiley and Sons.
Unit Texts:	No prescribed texts.
Unit Assessment Breakdown:	Readings Tests 15%, Problem Set Tests 15%, Assignment 20%, Participation 10%, End of Semester Examination 40%. This is done by garde/mark assessment.
Year Location Period Internal Area External Central External 2004 Bentley Campus Semester 2 Y