Achieving optimum performance from property assets is a multi-faceted process involving leases, financial structures, marketing, and occupier demand. Budgeting, operational expenditures, and capital expenditures will be introduced within the property context. An understanding of health and safety issues as well as leases will be provided.
Knowledge of construction is vital in understanding property valuation, property management and property development. Building materials, structural options, and building services have a strong influence on how a property performs both financially, functionally and environmentally. Provides general construction knowledge and an understanding of the construction process in context of buildingsβ impact on the environment.
Property Development is approached from a practical perspective on the development process pathway from vision to commissioning and including the navigation of development controls and other land use restrictions in district plans. Analysis and feasibility are key skills that will be developed with case study illustration and a practical assignment. Design management, consenting, leadership, procurement and delivery will be covered including communication and sustainability.
Fundamental legal principles and issues affecting the property professional will be considered including contract law, common form contracts found in the property industry (including leasing, transfer, and valuation) land ownership and professional liability. Key property-focused governance concepts, practices, structures and mechanisms are studied.
The supply and demand characteristics of urban developments have impacts on not only the price and availability of property, but on how we live and work. Development economics, urban policy, and land- use economics inform and guide decisions of property professionals, policy makers, and occupiers who shape the built environment.
Financing represents a fundamental part of how properties are purchased, developed and managed. The application of general theories of property investment, discounted cash flow, risk and return, and financial mathematics is vital for property professionals. Debt and equity financing options are discussed for residential and income-producing property and development projects.
As every property is unique, the valuation of property presents many challenges and has a strong influence on and Economics 898 the financial viability of both existing buildings and the development process. Valuation involves a range of models and approaches for valuing residential, commercial and industrial property and undeveloped land.
Develops capabilities in applying analytical tools and technologies to the analysis of issues to enhance understanding of property markets and support effective decision-making.
The theory and practice of valuing special categories of property including shopping centres, hotels, leasehold and MΔori land. Other professional property practices covered include compulsory purchase, and professional ethics and practice.
Extend and apply core property knowledge involving management, development valuation and investment to critically analyse property through use of geographic information system (GIS) and cash flow modelling software.
An individual, research-informed practical project with a company or other appropriate organisation with written and oral reports of the findings.
A team-based, research-informed practical project with a company or other appropriate organisation with written and oral reports of the findings.