Real Estate Development Planning

University of Queensland

Course Description

  • Course Name

    Real Estate Development Planning

  • Host University

    University of Queensland

  • Location

    Brisbane, Australia

  • Area of Study

    Real Estate, Urban Studies and Planning

  • Language Level

    Taught In English

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Host University Units

    2
  • Recommended U.S. Semester Credits
    4
  • Recommended U.S. Quarter Units
    6
  • Overview

    Course Description
    Philosophies of planning & development. Industrial planning, feasibility, development & environmental impacts. Economics of real estate investment & development, including risk and efficiency.
     
     
    Course Introduction
    REDE3200 deals in real estate development planning with emphasis on industrial applications. Students should expect to gain a thorough grounding in development and planning, covering introductory elements, the property/planning interface, due diligence, business structuring, taxation and economic aspects, decision theory, risk orientation and analysis, market and site appraisal, project and risk management, financial and feasibility analyses, industrial precinct design, industrial planning provisions, and guidance in writing a development application.
     
     
    Learning Objectives
    After successfully completing this course you should be able to:
    1. CONTENT (VIA LECTURES AND PRACTICALS)
    • 1.1 Explain the underpinnings of real estate development planning in terms of educational traditions and models of development and the property market
    • 1.2 Outline the philosophy of real estate development planning in terms of value systems, measures and definitions of development and the role of planning
    • 1.3 Explain the development / planning interface and the development process
    • 1.4 Discuss real estate markets and investment processes
    • 1.5 Outline due diligence procedures, acquisition contracts and taxation provisions in real estate development planning
    • 1.6 Undertake urban, market and marketability analyses in real estate development planning
    • 1.7 Apply decision theory and investor risk profiling to real estate development
    • 1.8 Evaluate practitioner insights and viewpoints
    • 1.9 Explain site elements and finance sources in real estate development planning
    • 1.10 Explain preliminary investment analysis and undertake a basic financial feasibility analysis
    • 1.11 Apply DCF appraisal techniques to investments and property developments
    • 1.12 Discuss the criteria of effectiveness, efficiency and equity in evaluating real estate development and planning
    • 1.13 Explain facets of real estate and development planning as applied to secondary industry
    • 1.14 Prepare elements of an industrial development application
    2. PROCESS (CONCEPTUAL SKILLS)
    • 2.1 Relate theoretical elements to practical situations and issues in real estate development planning
    • 2.2 Operationalise certain of the course principles by way of practical techniques to solve key problems in real estate development practice
    3. SKILLS (PRACTICAL ABILITIES)
    • 3.1 Apply basic mathematical skills to solve development and planning problems via programming techniques, geometric calculations, and financial models
    • 3.2 Engage industry software to undertake project scheduling and costing operations
    • 3.3 Engage industry software to undertake risk analysis and management operations
    • 3.4 Apply financial feasibility software to determine returns on, and sensitivities of, a development project
    4. AFFECT (FEELINGS, BELIEFS, OPINIONS)
    • 4.1 Express a considered opinion regarding the several affective spectra relating to real estate development planning
    • 4.2 Apply the evaluative criteria of effectiveness, efficiency and equity to issues in real estate development planning
     
    Class Contact
    2 Lecture hours, 3 Practical or Laboratory hours
     
     
    Assessment Summary
    Practical: 10%
    Mid-Semester Exam: 40%
    Final Exam: 50%

Course Disclaimer

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Some courses may require additional fees.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.