Bachelor of Applied Science (Property and Valuation) (Honours)

Royal Melbourne Institute of Technology

About

The Bachelor of Applied Science (Property and Valuation) (Honours) will develop the theoretical knowledge and technical skills required to ensure you effectively meet the needs of key stakeholders within the complex and diverse property and valuation sector.

The program focuses on developing the cognitive, technical and professional communication skills to enable you to work effectively as a property professional and to meet the industry need for specialisation.The courses in this program have been designed to enable you to critically engage with contemporary property theory, situating your learning in wider social, environmental, regulatory, technical and economic contexts.You will critically evaluate and apply property concepts and methodologies including in relation to valuation, property development, investment, feasibility analysis, funds management and asset management.

In doing so, you will develop your ability to formulate and justify innovative solutions to industry problems and case study scenarios.

As a critical thinker you will be able to apply your well developed analytical skills to critically review, interpret and synthesise property and valuation theory and knowledge.Your developed specialised skills include:

investment, development and valuation techniques, property feasibility analytical skills and property data analysis.

Your developed skills will be underpinned by your research and critical assessment of an increasingly complex industry and market.A capstone experience is offered through the two final year courses:

OMGT 2252 Securitised Property and OMGT 2251 Applied Property Development.

Through a professional practice project you will integrate and synthesise your knowledge, connect theory to practice as well as demonstrate your holistic achievement of the program learning outcomes.Upon successful completion of this program you will have developed the specialised skills and knowledge to enable you to work in a range of roles as a property specialist including;

valuation, funds and investment management, property portfolio management, property asset management and property development.Graduates of this program will be equipped with a sound knowledge of property as an asset class within local and global contexts and be able to independently analyse industry trends, current and emerging.

You will be adept in working independently and collaboratively, applying your well developed cognitive and technical skills to address and respond to industry issues, scenarios, trends and problems.Graduates will be work ready for the property industry in all of the following areas, and will qualify for professional certification as a:

property valuer, property developer, funds manager, property manager, asset manager, analyst and general property professional.Successful completion of this program will enable you to acquire skills in local and global contexts, supporting your further learning, research and life-long learning.Successful completion of this program provides a pathway into a Masters.

Upon successful completion of this program you may also be eligible to undertake further studies in related programs at RMIT University.

Structure

For more information about the weighted average mark, please click here

To graduate you must complete the following:

All courses listed may not be available each semester.

Year One of Program

Complete the following Eight (8) Courses:

Course Title Credit Points Course Code Campus
Introduction to Buildings 12 BUIL1226 City Campus
Valuations and Property Principles 12 OMGT2214 City Campus
Project Management Concepts 12 BUSM3307 City Campus
Communications for Built Environment Professionals 12 BUIL1230 City Campus
Introduction to Construction Processes 12 BUIL1227 City Campus
Property and Capital Markets 12 BUIL1228 City Campus
Techniques for Project Planning and Management 12 BUSM3308 City Campus
Managing for Sustainability 12 BUIL1229 City Campus
AND

Year Two of Program

Complete the following Eight (8) Courses:

Course Title Credit Points Course Code Campus
Property Accounting 12 MKTG1316 City Campus
Introduction to Built Environment Law 12 BUIL1247 City Campus
Property Spatial Analysis 12 OMGT2237 City Campus
Property Data Analysis 12 OMGT1117 City Campus
Introduction to Property Development 12 MKTG1318 City Campus
Investments: Concepts and Applications to Property 12 MKTG1319 City Campus
Valuation Process and Methods 12 MKTG1320 City Campus
Strategic Facility Management 12 BUSM4457 City Campus
AND

Year Three of Program

Complete the following Eight (8) Courses:

Course Title Credit Points Course Code Campus
Investment Valuation Methods 12 OMGT2239 City Campus
Property Law Advanced 12 OMGT2242 City Campus
Urban Land Economics 12 OMGT2241 City Campus
Property Economics 12 BUIL1149 City Campus
Applied Valuation 12 OMGT2238 City Campus
Property Asset Management 12 OMGT1156 City Campus
Property Planning and Public Policy 12 OMGT2240 City Campus
Research Methods for the Built Environment 12 BUIL1305 City Campus
AND

Year Four of Program

Complete the following Five (5) Courses:

Course Title Credit Points Course Code Campus
Research Practice 1 12 BUIL1306 City Campus
Statutory Valuation 12 OMGT1129 City Campus
Applied Property Development 12 OMGT2251 City Campus
Securitised Property 12 OMGT2252 City Campus
Research Practice 2 12 BUIL1307 City Campus

Select and Complete Three (3) Courses from the following:

Entry requirements

You must have successfully completed an Australian Year 12 (or equivalent senior secondary school) qualification.

For equivalents to Australian academic entry requirements, see the Country Equivalency web page on the RMIT website.

Prerequisites

Victorian Certificate of Education (VCE) units 3 and 4: a study score of at least 30 in English (EAL) or at least 25 in English other than EAL; Units 3 and 4: a study score of at least 20 in any Mathematics.

International English language requirement

A minimum of IELTS (Academic module) overall score of 6.5, with no band less than 6.0, or equivalent. For equivalents to English entry requirements, see the English requirements web page.

Learning outcomes

Upon successful completion of this program you will have developed the knowledge and skills to enable best practice in property and valuation. As a graduate of this program, you will have developed and demonstrated the knowledge and capabilities necessary to perform effectively the roles required by a property professional, including your capacity to apply high level understandings of the property market to both domestic and global contexts. As a property professional, you will be well equipped to practice across a variety of industry contexts from residential, commercial and industrial construction to civil, environmental and government projects. As a graduate, you will develop the following program learning outcomes:

1 Determine and apply knowledge of complex property and valuation theory to your professional practice and/or further study 2 Professionally communicate to a range of audiences, demonstrating in depth knowledge of the discipline and of the needs of diverse property and valuation stakeholders 3 Apply logical, critical and creative thinking to analyse, synthesise and apply theoretical knowledge, and technical skills, to formulate evidenced based solutions to industry problems or issues 4 Utilise appropriate methods and techniques to design and /or execute research based or professionally focused property or valuation projects, demonstrating capacity for independent and collaborative learning, addressing real world industry issues 5 Collaborate effectively with others and demonstrate intellectual independence and autonomy to solve problems and/or address industry issues and imperatives 6 Critically examine and reflect on the profession , in local and/or global contexts, and question accepted interpretations and decision making

Institution