The University of Newcastle, Australia

Course handbook


Develop the students advanced knowledge in applying accepted valuation methodologies to complex (commercial/retail/industrial) and specialised properties, and property investment analysis for complex property development.

Availability2019 Course Timetables


  • Trimester 1 - 2019

Learning outcomes

On successful completion of the course students will be able to:

1. Understand the principles of sales and rental analysis, capitalisation approach to valuation, and characteristics of complex (commercial/retail/industrial) and specialized properties

2. Ability to prepare a valuation report for a complex (commercial/retail/industrial) or specialized property.

3. Ability to apply software and techniques for real estate investment decision-making practices of a complex property development.


  1. Sales and Rental Analysis
  2. Capitalisation (income) approach to value
  3. Characteristics and valuation of commercial (office) properties including business parks
  4. Characteristics and valuation of retail properties
  5. Characteristics and valuation of industrial properties
  6. Characteristics and valuation of Specialised Properties
  7. Valuation Report for complex and specialised properties
  8. Going Concern Valuations
  9. Residual land value analysis for complex property development
  10. Advanced Valuation Topics
  11. Discounted Cash Flow approach to value


This course replaces ARBE6361. If you have successfully completed ARBE6361 you cannot enrol in this course.

Assumed knowledge

ARBE6351 Property Investment and Evaluation

Assessment items

Participation: Weekly Reviews

Written Assignment: Assignment 1 - Advanced Valuation Report

Written Assignment: Assignment 2 - Advanced Investment Analysis

Contact hours


Self-Directed Learning

Self-Directed 10 hour(s) per Week for Full Term


Online 3 hour(s) per Week for Full Term