Introduction to the Property Industry

This subject is available under ICMS undergraduate degrees, please click the button below to find an undergraduate course for you.

Subject Code:

PRO120A

Subject type:

Specialisation

Credit points:

3 credit points

Pre-requisites:

None

Subject level:

100

Subject Aim:

The property industry, also known as the real estate sector, plays a pivotal role in global economies and encompasses a wide range of activities related to land and property ownership, development, investment, and valuation.

This foundation subject provides students with a thorough understanding of key terminology and principles related to real estate. This subject enables students to analyse architectural styles, structural designs, and materials in the real estate sector, with a focus on the application of measurement techniques using AI tools.

The property industry significantly contributes to economic growth, job creation, and societal development. Understanding its mechanisms is essential for individuals and businesses involved in property transactions or investments.

Learning Outcomes:

a) Analyse architectural styles, structural designs, and materials in real estate projects, while exploring the use of measurement techniques and AI tools in the industry.

b) Explain the procedures and processes involved in negotiating and establishing property documentation relating to Development Applications, Contracts for Sale and Lease Agreements.

c) Identify the key facets of integration of technological solution in property facilities management.

d) Evaluate investment properties, including income-producing and non-income-producing, with a focus on minimising financial risks.

Student Assessment:

Note: A supplementary assessment is available in this subject.