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Available in 2012

Callaghan CampusSemester 1
Distance Education - CallaghanSemester 1
TMC Educational GroupSemester 1

Previously offered in 2013, 2011

This course develops the students understanding of development economics through the process of a feasibility study of a commercial property project. It examines the site analysis, market research, property management, property finance and the methods of investment appraisal; thereby developing the students ability to evaluate property investment

Objectives
On completion of this course students should be able to:
Understand the operation of property management
Conduct life-cycle costing analysis
Identify the sources of property finance
Understand the taxation implications and capital allowances in the property development process
Apply the methods of investment appraisal
Prepare a feasibility analysis for a commercial facility
Content
Introduction to the process of feasibility study
Site analysis
Market analysis
Property Management and life-cycle costing analysis
Valuation of Property
Property finance and Tax implications/capital allowances
Time value of money
Present and future value calculation
Methods of investment appraisal
Discounted cash flow analysis
Risk analysis in discounted cash flow
Review of discounted cash flow analysis and process of feasibility study
Replacing Course(s)
This replaces the existing 10 credit course ARBE2300 Construction Integrated Project 2.
Transition
ARBE2300 Construction Integrated Project 2 to ARBE3304 Development Economics.
Industrial Experience
0
Assumed Knowledge
ARBE1300 or equivalent to ARBE2307 or equivalent - Students should have a basic knowledge of economics in construction industry (ARBE2307) before enrolling in this course
Modes of Delivery
Distance Learning : IT Based
External Mode
Flexible Delivery / Student Centred Learning
Internal Mode
Teaching Methods
Case Study
Email Discussion Group
Problem Based Learning
Lecture
Self Directed Learning
Tutorial
Assessment Items
Quiz - On-line
Calculations of property investment analysis
Reports
1.Property Management and life-cycle costing of a commercial facility
2.Feasibility study of a commercial facility
Contact Hours
Lecture: for 2 hour(s) per Week for Full Term
Tutorial: for 1 hour(s) per Week for Full Term

Timetables