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10857 (v.3) Real Estate Development 310


 

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.

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., 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.

Field of Education:

 80503 Real Estate

HECS Band (if applicable):

2  

Extent to which this unit or thesis utilises online information:

 Supplemental  

Result Type:

 Grade/Mark


Availability

YearLocationPeriodInternalArea ExternalCentral External
2004Bentley CampusSemester 2Y  

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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