PROPERTY 362 : Property Industry Project
Business and Economics
2024 Semester Two (1245) (15 POINTS)
Course Prescription
Course Overview
This course is designed to offer students a capstone experience and provides property students with the opportunity to apply their accumulated skills and knowledge in a real-world scenario. Working collaboratively, by the end of the course students complete a comprehensive development feasibility study including detailed market analysis, conceptual design for the site, estimating the development costs including the cost of construction, selecting the target market and appropriate marketing strategy, and making final recommendations utilising financial modelling. To succeed in this course, you need to be able to synthesise your capabilities developed in previous property subjects such as marketing, economics, management, land use planning, valuation and finance. Property Industry Project is a course that culminates your degree and helps you build connections between theory and practice, equipping students with the skills necessary to succeed in their property careers. The course has a very applied and practical nature and will be supplemented with tutorials/workshops to help produce a report that follows industry standards. The course features several guest lectures with key experts from the industry. The course assessments consist of individual and group-based components.
Course Requirements
Capabilities Developed in this Course
| Capability 1: | People and Place |
| Capability 2: | Sustainability |
| Capability 3: | Knowledge and Practice |
| Capability 4: | Critical Thinking |
| Capability 5: | Solution Seeking |
| Capability 6: | Communication |
| Capability 7: | Collaboration |
| Capability 8: | Ethics and Professionalism |
Learning Outcomes
- Demonstrate knowledge and understanding of affordable housing models in Aotearoa New Zealand and develop a housing scheme to provide affordable accommodation (Capability 1.1 and 5.2)
- Identify and evaluate benefits of incorporating sustainable design principals into new and existing properties. (Capability 2.2)
- Research, synthesise and apply qualitative and quantitative information relevant to property markets to support investment decision-making (Capability 3.2, 4.2 and 5.1)
- Critically reflect on own learning progress and evaluate strengths and gaps in the knowledge (Capability 8.2)
- Work individually and collaboratively to research, analyse, and communicate results of development feasibility in a written report and oral presentation (Capability 6.1, 6.2 and 7.1)
Assessments
| Assessment Type | Percentage | Classification |
|---|---|---|
| Oral presentation | 10% | Group & Individual Coursework |
| Self-reflection | 5% | Individual Coursework |
| Guest lecture quizzes | 5% | Individual Coursework |
| Final report | 20% | Group Coursework |
| Assignments | 60% | Individual Coursework |
| 5 types | 100% |
| Assessment Type | Learning Outcome Addressed | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||||||
| Oral presentation | ||||||||||
| Self-reflection | ||||||||||
| Guest lecture quizzes | ||||||||||
| Final report | ||||||||||
| Assignments | ||||||||||
Workload Expectations
Following University workload guidelines, a standard 15 point course represents approximately 150 hours of study. Students are expected to spend 10 hours per week involved in each 15 point course that they are enrolled in. Most of the work will be completed independently with several workshops scheduled during the semester. Students should set aside 8-10 hours per week dedicated to data collection and analysis and writing up the results.
Delivery Mode
Campus Experience
Attendance is expected at scheduled activities including tutorials to complete components of the course.
Lectures will be available as recordings. Other learning activities including tutorials will be available as recordings.
The course will include some live events including guest lectures.
Guest lectures and completion of quizzes require attendance on campus.
The activities for the course are scheduled as a standard weekly timetable.
Learning Resources
Course materials are made available in a learning and collaboration tool called Canvas which also includes reading lists and lecture recordings (where available).
Please remember that the recording of any class on a personal device requires the permission of the instructor.
Student Feedback
At the end of every semester students will be invited to give feedback on the course and teaching through a tool called SET or Qualtrics. The lecturers and course co-ordinators will consider all feedback and respond with summaries and actions.
Your feedback helps teachers to improve the course and its delivery for future students.
Class Representatives in each class can take feedback to the department and faculty staff-student consultative committees.
Students suggested that the weighting of the coursework components should be reviewed, in particular allocating a greater percentage of marks on the individual assignment. The weighting of the assignment has been increased in response to this feedback.
Students also recommended to provide the scope of each assignment in a single document at the start of the course rather than outlining the requirements within individual assignments on Canvas. To improve, students will receive a brief at the start of lectures.
Academic Integrity
The University of Auckland will not tolerate cheating, or assisting others to cheat, and views cheating in coursework as a serious academic offence. The work that a student submits for grading must be the student's own work, reflecting their learning. Where work from other sources is used, it must be properly acknowledged and referenced. This requirement also applies to sources on the internet. A student's assessed work may be reviewed for potential plagiarism or other forms of academic misconduct, using computerised detection mechanisms.
Class Representatives
Class representatives are students tasked with representing student issues to departments, faculties, and the wider university. If you have a complaint about this course, please contact your class rep who will know how to raise it in the right channels. See your departmental noticeboard for contact details for your class reps.
Inclusive Learning
All students are asked to discuss any impairment related requirements privately, face to face and/or in written form with the course coordinator, lecturer or tutor.
Student Disability Services also provides support for students with a wide range of impairments, both visible and invisible, to succeed and excel at the University. For more information and contact details, please visit the Student Disability Services’ website http://disability.auckland.ac.nz
Special Circumstances
If your ability to complete assessed coursework is affected by illness or other personal circumstances outside of your control, contact a member of teaching staff as soon as possible before the assessment is due.
If your personal circumstances significantly affect your performance, or preparation, for an exam or eligible written test, refer to the University’s aegrotat or compassionate consideration page https://www.auckland.ac.nz/en/students/academic-information/exams-and-final-results/during-exams/aegrotat-and-compassionate-consideration.html.
This should be done as soon as possible and no later than seven days after the affected test or exam date.
Learning Continuity
In the event of an unexpected disruption, we undertake to maintain the continuity and standard of teaching and learning in all your courses throughout the year. If there are unexpected disruptions the University has contingency plans to ensure that access to your course continues and course assessment continues to meet the principles of the University’s assessment policy. Some adjustments may need to be made in emergencies. You will be kept fully informed by your course co-ordinator/director, and if disruption occurs you should refer to the university website for information about how to proceed.
Student Charter and Responsibilities
The Student Charter assumes and acknowledges that students are active participants in the learning process and that they have responsibilities to the institution and the international community of scholars. The University expects that students will act at all times in a way that demonstrates respect for the rights of other students and staff so that the learning environment is both safe and productive. For further information visit Student Charter https://www.auckland.ac.nz/en/students/forms-policies-and-guidelines/student-policies-and-guidelines/student-charter.html.
Disclaimer
Elements of this outline may be subject to change. The latest information about the course will be available for enrolled students in Canvas.
In this course students may be asked to submit coursework assessments digitally. The University reserves the right to conduct scheduled tests and examinations for this course online or through the use of computers or other electronic devices. Where tests or examinations are conducted online remote invigilation arrangements may be used. In exceptional circumstances changes to elements of this course may be necessary at short notice. Students enrolled in this course will be informed of any such changes and the reasons for them, as soon as possible, through Canvas.