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 |
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 |
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 |
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
