MMP111 - Introduction to Property, The Property And Real-Estate Discipline (PRE), Web-Site Based Property Market Report Writing - Marketing Assignment Help

Assignment Task

WELCOME
Welcome to MMP-111, the 'Introduction to Property' unit. As your unit chair, I hope that you will find this unit both intellectually stimulating and also relevant to both your studies and your future directions as a Deakin graduate. This is a first-year-level introductory unit and is designed to introduce you to the property and real-estate discipline (PRE) in broad terms. There is an emphasis placed on the property (and its value) in the marketplace. It is an ideal unit to study as an elective in a closely related discipline (e.g. commerce or management) and it is a core unit in several property degrees.

This unit is designed to be interesting for you in real life. We all live in and most of us also work in property. This unit introduces the concepts of 'real property' and 'improvements' to and on land, including the interaction of property and the economy in the form of land economics. The focus is placed on a broad overview of property markets and submarkets both spatially and via land-use. Three primary methods of property valuation are also introduced. The unit site ('the cloud') is an important interface where you'll need to keep up-to-date with this course.

All your material for each week is housed there and comments from your teaching staff are posted there. As with all university subjects, there is the responsibility placed on each student to manage their own learning. In addition to the weekly classes (lectures) and seminars (tutorials), it is expected that to do well in this unit students should complete 10-hours each week in self-directed learning throughout the trimester. Please read this unit guide carefully as it explains the structure, content, assessment, and rules associated with this unit.

ABOUT THIS UNIT
This unit aims to give students a general introduction to the property market and the role property plays in today’s economy. It introduces the concept of real property and improvements to land; highest and best use, property and the economy; a broad overview of property markets and sub-markets; an introduction to investment, yield and the time value of money; stages of property development and the stakeholders; urban economics and geography.

On completion of Introduction to Property students should be able to:

•  Place property in the context of the built environment, urban planning, the investment environment, design, and construction.
•  Appreciate the concept of real property & improvements on the land.
•  Gain a broad understanding of property markets and sub-markets.
•  Be aware of the broad legal and economic aspects of property valuation.
•  Appreciate the basic concepts of investment, yield, and the time value of money including the essentials of basic financial mathematics.
•  Recognize the importance of urban economics and geography in the growth of cities and urban areas.

Learnings Outcomes

• Explain and apply property valuation fundamentals including value principles and concepts, methods of valuation, and market data.
• Prepare a well-developed written report for a client.
• O3 Identify, locate, evaluate and synthesize information about markets and sub-markets.

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