USB300 Property Development
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
| Unit code: | USB300 |
|---|---|
| Prerequisite(s): | 192 Credit Points |
| Equivalent(s): | UDB302 |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| CSP student contribution | $2,124 |
| Pre-2021 CSP student contribution | $1,663 The pre-2021 commonwealth supported place (CSP) contribution amount only applies to students enrolled in a course prior to 2021. To learn more, visit our Understanding your fees page. |
| Domestic tuition unit fee | $3,204 |
| International unit fee | $4,512 |
Unit Outline: Semester 1 2025, Gardens Point, Internal
| Unit code: | USB300 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | 192 Credit Points |
| Equivalent: | UDB302 |
| Coordinator: | Jian Liang | j30.liang@qut.edu.au |
Overview
Property Development provides understanding of property development, which is fundamental to the practice of property professionals. This unit brings together concepts gained on strategic evaluation, risk, organisational structure, planning, construction and development feasibility analysis, with particular emphasis on sustainable development. This unit provides an in depth look at the multi-disciplined, multi-faceted process involved in property development from site selection through to disposal of completed projects.
Learning Outcomes
On successful completion of this unit you will be able to:
- Critically analyse the key stages, common risks and multi-disciplinary issues in relation to the property development process.
- Apply both static and dynamic feasibility analysis tools to assess the financial viability of the project.
- Utilise team work and innovation to solve complex property development issues.
- Formulate a complete development proposal suitable for lodgement with a development company/financial institution in order to commence a project.
- Apply community and professional responsibility, including the effect of sustainable development, influencing on property industry activities.
Content
Learning outcomes will be achieved through coverage of the following topics:
- Land Development overview and important steps in the land development process, incorporating static feasibility calculations
- Identification of diverse stakeholders in the land development process and consideration of their interests
- Initiating development opportunities, market considerations and market research
- The planning process and authority approvals
- Legal requirements, environment, heritage and other development constraints
- Design management, procurement methods and cost projections
- Development risk and risk management
- Development entity and financial structuring
- Financing and financial feasibility, using dynamic feasibility analysis tools, sensitivity and scenario analysis
- Case studies and multi discipline based assignment
Learning Approaches
The unit engages you in your learning through problem-based learning approach and problem-based assessments. You will be given opportunities to apply prior and new knowledge in reports to compile development proposal suitable for lodgment with a development company/financial institution in order to commence a project. The unit adopts a blended learning approach which includes a two (2) hour lecture, one (1) hour face to face tutorial session per week, and outside class activities where you will be involved in independent learning and in collaborative activity with peers. The lectures, tutorials and outside class activities will engage in collaborative activity with peers, tutors and lecturers. The unit allows you to use industry standard software to ease your transition into professional world. You will work with the teaching team and peers to develop effective methods/approaches for communicating, retrieving, evaluating and presenting information based on professional standards. This unit employs authentic, collaborative, multi-discipline group assessment decision making and problem solving based on critical data analysis, and calculation exercises (initial land value calculation) individually or with peers.
Your participation in the unit will include:
• Reading, in person lectures and tutorials
• Online videos
• Collaboration with peers from different disciplines
Feedback on Learning and Assessment
Feedback in this unit is provided in the following ways:
- Marking rubrics will be provided to show the expectations for each assessment item.
- Marking rubrics with comments will be returned to you via the online submission portal.
- Lecture / tutorial sessions are available for group and individual feedback prior to the completion of assessments.
- Generic comments will be provided via QUT Canvas and in class.
This unit will engage practising professionals to provide professional written feedback throughout the whole unit.
Assessment
Overview
The assessment in this unit aims to support your achievement of the learning outcomes and has been designed to provide the opportunity for you to perform real world tasks and develop skills in working with professional teams. The assessment has been designed in order to allow you to:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment);
- demonstrate your learning in order to achieve a final grade (summative assessment).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Online Quiz
An online quiz will be held within the lecture period. The test or multiple choice based quiz relating to unit objectives and all topics covered during lecture, tutorials and outside class activities to date.
Assessment: Feasibility Report
You will, as part of a multi-disciplinary team, undertake analysis and research on a site for a development company or financial institution. You will consider planning and design, market conditions, construction and finance, and determine the financial viability of the project. The final deliverable is to include a feasibility analysis of the project produced in industry standard software.
This is an assignment for the purposes of an extension.
Assessment: End of Semester Exam
End of semester exam designed to test your knowledge of all material covered during the semester.
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Requirements to Study
Costs
There are additional costs associated with this unit, incidental to the necessary searches for the written assignment. These costs are expected to be no greater than $100 and can be further reduced through sharing between students.
Resources
The resources in this unit include a prescribed text, recommended texts and additional resource added to the Canvas site
Resource Materials
Prescribed text(s)
Reed, R. and Sims, S. (2015 or newer). Property Development. Routledge.
Recommended text(s)
Other readings for this subject will be provided at the lectures, on Canvas and QUT Readings.
Risk Assessment Statement
There are no extraordinary risks associated with the classroom/lecture activities in this unit.
Prior to any off campus class activities that you are required to undertake in this unit, a risk assessment will be prepared and made available to you at the MAPS (Management and Assessment of Project Safety) library or on the unit Canvas site. You will receive a briefing regarding any specific hazard and risk related instructions from your field leader before commencing the activity.
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.AB01 Bachelor of Built Environment (Honours)
- Apply theoretical, practical and cultural knowledge and skills across a range of disciplines and specialist knowledge and skills in one built environment area.
Relates to: Online Quiz, Feasibility Report , End of Semester Exam - Design and critically evaluate sustainable and creative solutions to social, economic, technological and environmental challenges.
Relates to: Online Quiz, Feasibility Report , End of Semester Exam - Communicate knowledge, ideas and creative solutions in diverse modes, for a range of contexts and diverse audiences.
Relates to: Feasibility Report , End of Semester Exam - Plan, develop and complete research and other projects.
Relates to: Feasibility Report - Strategically collaborate with diverse stakeholders and communities, including First Nations peoples.
Relates to: Feasibility Report , End of Semester Exam - Reflect on feedback and experience, and display professional and ethical judgment and initiative.
Relates to: End of Semester Exam
UD05 Bachelor of Property Economics
- Apply theoretical knowledge and technical skills, including fundamentals of building construction and knowledge of legal, social, cultural, and technological contexts, required to manage property assets and investment portfolios; analyse property markets, the drivers of property value and the feasibility of development; and identify future funding and transaction processes.
Relates to: ULO1, Online Quiz, Feasibility Report , End of Semester Exam - Think critically and innovatively to solve problems by applying methodologies and calculations to identify innovative solutions and sustainability strategies and evaluate the feasibility of property development and investment opportunities.
Relates to: ULO1, ULO2, ULO4, Online Quiz, Feasibility Report , End of Semester Exam - Analyse data using current proprietary software and strategies to evaluate financial and property market trends to inform current and future property decisions.
Relates to: ULO2, ULO3, ULO4, Online Quiz, Feasibility Report , End of Semester Exam - Communicate and collaborate strategically in professional contexts with diverse stakeholders
Relates to: ULO3, Feasibility Report - Display professional, ethical judgment and initiative, adapt to social, economic, technological and environmental challenges, and lead and manage people with consideration for different cultural perspectives and priorities.
Relates to: ULO5, Feasibility Report , End of Semester Exam
Unit Outline: Semester 1 2025, Online
| Unit code: | USB300 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | 192 Credit Points |
| Equivalent: | UDB302 |
Overview
Property Development provides understanding of property development, which is fundamental to the practice of property professionals. This unit brings together concepts gained on strategic evaluation, risk, organisational structure, planning, construction and development feasibility analysis, with particular emphasis on sustainable development. This unit provides an in depth look at the multi-disciplined, multi-faceted process involved in property development from site selection through to disposal of completed projects.
Learning Outcomes
On successful completion of this unit you will be able to:
- Critically analyse the key stages, common risks and multi-disciplinary issues in relation to the property development process.
- Apply both static and dynamic feasibility analysis tools to assess the financial viability of the project.
- Utilise team work and innovation to solve complex property development issues.
- Formulate a complete development proposal suitable for lodgement with a development company/financial institution in order to commence a project.
- Apply community and professional responsibility, including the effect of sustainable development, influencing on property industry activities.
Content
Learning outcomes will be achieved through coverage of the following topics:
- Land Development overview and important steps in the land development process, incorporating static feasibility calculations
- Identification of diverse stakeholders in the land development process and consideration of their interests
- Initiating development opportunities, market considerations and market research
- The planning process and authority approvals
- Legal requirements, environment, heritage and other development constraints
- Design management, procurement methods and cost projections
- Development risk and risk management
- Development entity and financial structuring
- Financing and financial feasibility, using dynamic feasibility analysis tools, sensitivity and scenario analysis
- Case studies and multi discipline based assignment
Learning Approaches
The unit engages you in your learning through problem-based learning approach and problem-based assessments. You will be given opportunities to apply prior and new knowledge in reports to compile development proposal suitable for lodgment with a development company/financial institution in order to commence a project. The unit adopts a blended learning approach which includes a two (2) hour lecture, one (1) hour face to face tutorial session per week, and outside class activities where you will be involved in independent learning and in collaborative activity with peers. The lectures, tutorials and outside class activities will engage in collaborative activity with peers, tutors and lecturers. The unit allows you to use industry standard software to ease your transition into professional world. You will work with the teaching team and peers to develop effective methods/approaches for communicating, retrieving, evaluating and presenting information based on professional standards. This unit employs authentic, collaborative, multi-discipline group assessment decision making and problem solving based on critical data analysis, and calculation exercises (initial land value calculation) individually or with peers.
Your participation in the unit will include:
• Reading, in person lectures and tutorials
• Online videos
• Collaboration with peers from different disciplines
Feedback on Learning and Assessment
Feedback in this unit is provided in the following ways:
- Marking rubrics will be provided to show the expectations for each assessment item.
- Marking rubrics with comments will be returned to you via the online submission portal.
- Lecture / tutorial sessions are available for group and individual feedback prior to the completion of assessments.
- Generic comments will be provided via QUT Canvas and in class.
This unit will engage practising professionals to provide professional written feedback throughout the whole unit.
Assessment
Overview
The assessment in this unit aims to support your achievement of the learning outcomes and has been designed to provide the opportunity for you to perform real world tasks and develop skills in working with professional teams. The assessment has been designed in order to allow you to:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment);
- demonstrate your learning in order to achieve a final grade (summative assessment).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Online Quiz
An online quiz will be held within the lecture period. The test or multiple choice based quiz relating to unit objectives and all topics covered during lecture, tutorials and outside class activities to date.
Assessment: Feasibility Report
You will, as part of a multi-disciplinary team, undertake analysis and research on a site for a development company or financial institution. You will consider planning and design, market conditions, construction and finance, and determine the financial viability of the project. The final deliverable is to include a feasibility analysis of the project produced in industry standard software.
This is an assignment for the purposes of an extension.
Assessment: End of Semester Exam
End of semester exam designed to test your knowledge of all material covered during the semester.
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Requirements to Study
Costs
There are additional costs associated with this unit, incidental to the necessary searches for the written assignment. These costs are expected to be no greater than $100 and can be further reduced through sharing between students.
Resources
The resources in this unit include a prescribed text, recommended texts and additional resource added to the Canvas site
Resource Materials
Prescribed text(s)
Reed, R. and Sims, S. (2015 or newer). Property Development. Routledge.
Recommended text(s)
Other readings for this subject will be provided at the lectures, on Canvas and QUT Readings.
Risk Assessment Statement
There are no extraordinary risks associated with the classroom/lecture activities in this unit.
Prior to any off campus class activities that you are required to undertake in this unit, a risk assessment will be prepared and made available to you at the MAPS (Management and Assessment of Project Safety) library or on the unit Canvas site. You will receive a briefing regarding any specific hazard and risk related instructions from your field leader before commencing the activity.
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.AB01 Bachelor of Built Environment (Honours)
- Apply theoretical, practical and cultural knowledge and skills across a range of disciplines and specialist knowledge and skills in one built environment area.
Relates to: Online Quiz, Feasibility Report , End of Semester Exam - Design and critically evaluate sustainable and creative solutions to social, economic, technological and environmental challenges.
Relates to: Online Quiz, Feasibility Report , End of Semester Exam - Communicate knowledge, ideas and creative solutions in diverse modes, for a range of contexts and diverse audiences.
Relates to: Feasibility Report , End of Semester Exam - Plan, develop and complete research and other projects.
Relates to: Feasibility Report - Strategically collaborate with diverse stakeholders and communities, including First Nations peoples.
Relates to: Feasibility Report , End of Semester Exam - Reflect on feedback and experience, and display professional and ethical judgment and initiative.
Relates to: End of Semester Exam
UD05 Bachelor of Property Economics
- Apply theoretical knowledge and technical skills, including fundamentals of building construction and knowledge of legal, social, cultural, and technological contexts, required to manage property assets and investment portfolios; analyse property markets, the drivers of property value and the feasibility of development; and identify future funding and transaction processes.
Relates to: ULO1, Online Quiz, Feasibility Report , End of Semester Exam - Think critically and innovatively to solve problems by applying methodologies and calculations to identify innovative solutions and sustainability strategies and evaluate the feasibility of property development and investment opportunities.
Relates to: ULO1, ULO2, ULO4, Online Quiz, Feasibility Report , End of Semester Exam - Analyse data using current proprietary software and strategies to evaluate financial and property market trends to inform current and future property decisions.
Relates to: ULO2, ULO3, ULO4, Online Quiz, Feasibility Report , End of Semester Exam - Communicate and collaborate strategically in professional contexts with diverse stakeholders
Relates to: ULO3, Feasibility Report - Display professional, ethical judgment and initiative, adapt to social, economic, technological and environmental challenges, and lead and manage people with consideration for different cultural perspectives and priorities.
Relates to: ULO5, Feasibility Report , End of Semester Exam