USB345 Specialised Property Valuation
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: | USB345 |
|---|---|
| Prerequisite(s): | USB144 or USB242 or USB248 |
| Antirequisite(s): | USB343 |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
Unit Outline: Semester 2 2026, Gardens Point, Internal
| Unit code: | USB345 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | USB144 or USB242 or USB248 |
| Anti-requisite: | USB343 |
Overview
Specialised Property Valuation is the capstone valuation unit and applies the valuation principles and procedures developed in USB142 Residential Valuation and USB248 Investment Property Valuation, to the more complex areas of valuation practice such as rural land, retail property, compulsory acquisition and other specialist properties.
Learning Outcomes
On successful completion of this unit you will be able to:
- Analyse unique property market segments and the drivers of property value.
- Apply valuation methodologies and calculations to property valuation problems.
- Identify and apply legislative compensation principles to statutory acquisition scenarios.
- Prepare and present a written report to a professional standard required of an expert witness as evidence in a court of law.
- Collaborate in a team to manage professional relationships and represent a party in a case conference meeting.
- Make professional and ethical judgments in relation to the role of the valuer as an expert witness.
Content
Learning outcomes will be achieved through coverage of the following topics:
- Rural property valuation
- Retail property valuation
- Going concern valuations
- Valuation methodologies for boutique property types
- Compulsory acquisition framework
- Evidence: the expert witness, professional liability understanding
- Teamwork and negotiation skills
Learning Approaches
This unit engages you in your learning through a theory-to-practice approach, with a large proportion of the unit made up of practical application of basic theoretical concepts. This unit will involve lectures and tutorials. Lectures are delivered as blended synchronous activities between online and in person attendance. In addition, separate in person and online tutorials will be offered for students. The assessment items are designed to help you understand and apply the key concepts via more practical application.
You will also be expected to undertake directed private study and read the nominated readings to supplement the lecture material.
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: Specialised Valuation
As a specialist valuer, you will undertake an analysis of the primary value drivers of four specialised market sectors and undertake valuation calculations based around these specialised sectors. You will draw upon your skills and knowledge achieved in USB142 and USB248.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Compulsory Acquisition
Acting as a specialist valuer on behalf of either the acquiring authority or the claimant you will prepare a report to identify and quantify the relevant heads of claim applicable to the scenario.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Simulation - Team Challenge
Working in teams and acting on behalf of the Claimant or acquiring authority you will participate in a case conference negotiation exercise to discuss and negotiate the heads of claim that you identified in Assessment 2 on behalf of your client.
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.
Resources
Resource Materials
Recommended text(s)
Australian Property Institute, 2007, Valuation Principles and Practice. 2nd ed. Australian Property Institute Deakin ACT. RICS (2017),
Baxter, J and Cohen R, 2009, Rural Valuation. Australian Property Institute. Deakin ACT.
RICS Valuation –Red Book Global (rics.org)
Risk Assessment Statement
There are no extraordinary risks associated with the classroom/lecture activities in this unit.
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.UD05 Bachelor of Property Economics
- Identify theoretical and technical knowledge of economic, legal, social, cultural, global, physical, technological and sustainable contexts required to value, manage and develop property assets and investment portfolios
Relates to: ULO1, ULO3, Specialised Valuation, Compulsory Acquisition, Simulation - Team Challenge - Apply theoretical and technical knowledge and skills, methods, calculations, property technologies, and sustainability strategies to evaluate the feasibility of property development opportunities, to identify finance options for property investments, and to enhance the performance of assets or investment portfolios
Relates to: ULO2, ULO3, Specialised Valuation, Compulsory Acquisition, Simulation - Team Challenge - Think critically and innovatively to solve authentic property problems.
Relates to: ULO5, Compulsory Acquisition, Simulation - Team Challenge - Collect and analyse data using industry-standard proprietary software and strategies to evaluate financial and property market trends to inform current and future property decisions.
Relates to: ULO1, Specialised Valuation, Compulsory Acquisition, Simulation - Team Challenge - Communicate and negotiate with diverse, real-world audiences
Relates to: ULO4, ULO5, Compulsory Acquisition, Simulation - Team Challenge - Collaborate strategically in professional contexts with teams and diverse stakeholders and manage stakeholders with consideration for different cultural perspectives and priorities.
Relates to: ULO5, Compulsory Acquisition, Simulation - Team Challenge - Apply ethical judgement and principles of sustainabilty to make positive global, economic, societal and environmental contributions.
Relates to: ULO6, Compulsory Acquisition, Simulation - Team Challenge
Unit Outline: Semester 2 2026, Online
| Unit code: | USB345 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | USB144 or USB242 or USB248 |
| Anti-requisite: | USB343 |
Overview
Specialised Property Valuation is the capstone valuation unit and applies the valuation principles and procedures developed in USB142 Residential Valuation and USB248 Investment Property Valuation, to the more complex areas of valuation practice such as rural land, retail property, compulsory acquisition and other specialist properties.
Learning Outcomes
On successful completion of this unit you will be able to:
- Analyse unique property market segments and the drivers of property value.
- Apply valuation methodologies and calculations to property valuation problems.
- Identify and apply legislative compensation principles to statutory acquisition scenarios.
- Prepare and present a written report to a professional standard required of an expert witness as evidence in a court of law.
- Collaborate in a team to manage professional relationships and represent a party in a case conference meeting.
- Make professional and ethical judgments in relation to the role of the valuer as an expert witness.
Content
Learning outcomes will be achieved through coverage of the following topics:
- Rural property valuation
- Retail property valuation
- Going concern valuations
- Valuation methodologies for boutique property types
- Compulsory acquisition framework
- Evidence: the expert witness, professional liability understanding
- Teamwork and negotiation skills
Learning Approaches
This unit engages you in your learning through a theory-to-practice approach, with a large proportion of the unit made up of practical application of basic theoretical concepts. This unit will involve lectures and tutorials. Lectures are delivered as blended synchronous activities between online and in person attendance. In addition, separate in person and online tutorials will be offered for students. The assessment items are designed to help you understand and apply the key concepts via more practical application.
You will also be expected to undertake directed private study and read the nominated readings to supplement the lecture material.
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: Specialised Valuation
As a specialist valuer, you will undertake an analysis of the primary value drivers of four specialised market sectors and undertake valuation calculations based around these specialised sectors. You will draw upon your skills and knowledge achieved in USB142 and USB248.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Compulsory Acquisition
Acting as a specialist valuer on behalf of either the acquiring authority or the claimant you will prepare a report to identify and quantify the relevant heads of claim applicable to the scenario.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Simulation - Team Challenge
Working in teams and acting on behalf of the Claimant or acquiring authority you will participate in a case conference negotiation exercise to discuss and negotiate the heads of claim that you identified in Assessment 2 on behalf of your client.
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.
Resources
Resource Materials
Recommended text(s)
Australian Property Institute, 2007, Valuation Principles and Practice. 2nd ed. Australian Property Institute Deakin ACT. RICS (2017),
Baxter, J and Cohen R, 2009, Rural Valuation. Australian Property Institute. Deakin ACT.
RICS Valuation –Red Book Global (rics.org)
Risk Assessment Statement
There are no extraordinary risks associated with the classroom/lecture activities in this unit.
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.UD05 Bachelor of Property Economics
- Identify theoretical and technical knowledge of economic, legal, social, cultural, global, physical, technological and sustainable contexts required to value, manage and develop property assets and investment portfolios
Relates to: ULO1, ULO3, Specialised Valuation, Compulsory Acquisition, Simulation - Team Challenge - Apply theoretical and technical knowledge and skills, methods, calculations, property technologies, and sustainability strategies to evaluate the feasibility of property development opportunities, to identify finance options for property investments, and to enhance the performance of assets or investment portfolios
Relates to: ULO2, ULO3, Specialised Valuation, Compulsory Acquisition, Simulation - Team Challenge - Think critically and innovatively to solve authentic property problems.
Relates to: ULO5, Compulsory Acquisition, Simulation - Team Challenge - Collect and analyse data using industry-standard proprietary software and strategies to evaluate financial and property market trends to inform current and future property decisions.
Relates to: ULO1, Specialised Valuation, Compulsory Acquisition, Simulation - Team Challenge - Communicate and negotiate with diverse, real-world audiences
Relates to: ULO4, ULO5, Compulsory Acquisition, Simulation - Team Challenge - Collaborate strategically in professional contexts with teams and diverse stakeholders and manage stakeholders with consideration for different cultural perspectives and priorities.
Relates to: ULO5, Compulsory Acquisition, Simulation - Team Challenge - Apply ethical judgement and principles of sustainabilty to make positive global, economic, societal and environmental contributions.
Relates to: ULO6, Compulsory Acquisition, Simulation - Team Challenge