Advanced Property Analysis

This subject is available within certain ICMS undergraduate degrees. Please click the button below to find an undergraduate course for you.

Subject Code:

PRO301A

Credit Points:

3

Subject Type:

Core subject for property students only and elective for students completing other programs

Pre-requisite/co-requisite:

None

Subject Aim:

Property market analysis plays an increasingly important role in our society in which identification and analysis of property indicators enables better decision making. Using various statistical tools students will engage in data collection and analysis within the property market.

To enhance data representation, map themes, identify market trends, and conduct site analysis, students will be introduced to a Geographic Spatial Analysis program. Spatial analysis is widely used in the valuation, management and development of property. Once created, the map lends itself to manipulation to visually see impact of changes in inputs if they were to occur and thereby try to solve challenging problems.

Along the way students will also further develop their knowledge of land economics and property market structures and the role of property in the global economic system.

Learning Outcomes:

a) Analyse global property market cycles and, impact on supply and demand in determination of rents and prices.

b) Critically evaluate how governments impact housing markets and property cycle at both macro policy and micro policy levels that affect the overall health of the property sector.

c) Apply statistical analysis to examine, test and appraise property markets based on data to be collected.

d) Utilise GIS-based mapping software to map property data, interpret spatial maps, and analyse trends to solve problems.

Student Assessment:

A supplementary assessment is available in this subject.