Courses - Faculty of Business And Economics


Property

Stage I

PROPERTY 102
15 Points

Introduction to Property

Knowledge of how property markets work and how properties are valued, managed and financed is critical for property professionals and for understanding modern life. Key terms and definitions surrounding the property profession and introductory analyses of supply and demand characteristics unique to property markets will be key learning outcomes. Students will also learn key concepts surrounding residential property valuation and construction.

Stage II

PROPERTY 211
15 Points

Property Valuation

As every property is unique, the valuation of property presents many challenges and has a strong influence on the financial viability of both existing buildings and the development process. General models for valuing commercial property, industrial property, and land will be introduced.

Prerequisite: PROPERTY 102 or ACCTG 101

Corequisite: PROPERTY 251

PROPERTY 221
15 Points

Property Marketing

Effective marketing is at the core of successful property management, development and investment. Covers buyer behaviour, marketing research, segmentation and targeting, the marketing plan, the listing process and selling techniques all in the context of the property industry. Develops essential skills for independent thinking, strategic problem solving, effective teamwork and business report writing.

Prerequisite: PROPERTY 102 or BUSINESS 102

PROPERTY 231
15 Points

Property Management

Achieving optimum performance from property assets is a multi-faceted process involving leases, financial structures, marketing, and occupier demand. Budgeting, operational expenditures, and capital expenditures will be introduced within the property context. An understanding of health and safety issues as well as leases will be provided.

Prerequisite: PROPERTY 102 or BUSINESS 102

PROPERTY 241
15 Points

Land-use Planning and Controls

Provides an understanding of the Resource Management Act and regional and district plans and how these affect land use and subdivision as well as resource consent applications and other property processes.

Prerequisite: 15 points from ECON 101, 151, 152, 191, PROPERTY 102

PROPERTY 251
15 Points

Property Finance and Investment

Financing represents a fundamental part of how properties are purchased, developed and managed. The application of general theories of property investment, discounted cash flow, risk and return, and financial mathematics is vital for property professionals. Debt and equity financing options are discussed for residential and income-producing property and development projects.

Prerequisite: PROPERTY 102 or ACCTG 101

PROPERTY 261
15 Points

Property Economics

The supply and demand characteristics of urban developments have impacts on not only the price and availability of property, but on how we live and work. An understanding of development economics, urban policy, and land-use economics will provide students with knowledge of how the decisions of property professionals, policy makers, occupiers shape the built environment.

Prerequisite: 15 points from ECON 101, 151, 152, 191, PROPERTY 102

PROPERTY 271
15 Points

Property Law

Fundamental legal principles and issues affecting the property professional will be considered including contract law, common form contracts found in the property industry (including leasing, transfer, and valuation) land ownership and professional liability.

Prerequisite: PROPERTY 102, COMLAW 101

PROPERTY 281
15 Points

Building Construction

Knowledge of construction is vital in understanding property valuation, property management and property development. Building materials, structural options, and building services have a strong influence on how a property performs both financially and functionally. Provides general residential and commercial construction knowledge and an understanding of the construction process.

Prerequisite: PROPERTY 102 or BUSINESS 102

Restriction: PROPERTY 141

Stage III

PROPERTY 311
15 Points

Advanced Valuation

The theory and practice of valuing special categories of urban property. Topics include: valuation of CBD land and office buildings, shopping centres, hotels and leasehold land. Also covered are: statutory valuations (compulsory purchase), going-concern valuations, litigation, arbitration, and professional ethics and practice.

Prerequisite: 90 points from PROPERTY 211-281

PROPERTY 312
15 Points

Plant and Machinery Valuation

Principles and practice of plant and machinery valuation, with case studies of insurance, market, existing use and infrastructural asset valuations.

Prerequisite: 90 points from PROPERTY 211-281

PROPERTY 321
15 Points

Advanced Property Marketing

An understanding of how to market complex properties and real estate services is essential in creating a competitive advantage for property professionals. Covers review of current related academic literature, preparation of marketing strategies, marketing plans and market analysis relevant to the property market. Develops skills in analysing academic literature and advanced skills for independent and creative thinking, strategic problem solving, effective teamwork and business report writing.

Prerequisite: 90 points from PROPERTY 211-281

PROPERTY 331
15 Points

Advanced Property Management

Property asset management theory through the study of its practical application in the strategic and estate management of property portfolios held in public and private ownership. The role of corporate real estate management in large organisations.

Prerequisite: 90 points from PROPERTY 211-281

PROPERTY 342
15 Points

Property Development

An introduction to the process of property development, including application of analytical methods to case studies.

Prerequisite: 90 points from PROPERTY 211-281

PROPERTY 351
15 Points

Advanced Property Finance and Investment

An understanding of how to research, analyse and advise on property financing and investment decisions is an essential analytical skill for property professionals. Topics include: asset pricing models, capital structure decision, weighted average cost of capital and adjusted present value, property as an asset class, and financing and investment strategies.

Prerequisite: 90 points from PROPERTY 211-281

PROPERTY 370
15 Points

Building Surveying

Builds the specific knowledge and skills required to work within the building surveying profession. Topics include building pathology and survey techniques, due diligence reporting, Schedules of Condition, maintenance and reinstatement obligations when leasing commercial property, terminal reinstatement assessments and reporting and law in relation to dilapidations.

Prerequisite: 90 points from PROPERTY 211-281

PROPERTY 371
15 Points

Property Project

A research project, feasibility study or structured internship on an approved topic.

Prerequisite: 90 points from PROPERTY 211-281

Restriction: PROPERTY 372

PROPERTY 372
15 Points

Applied Valuation Project

The completion of a range of practical valuation reports in conjunction with industry mentors.

Prerequisite: 90 points from PROPERTY 211-281

Corequisite: PROPERTY 311

Restriction: PROPERTY 371

PROPERTY 380
15 Points

Property Issues and Trends

Property development and investment practices have significant consequences for economic, social and environmental outcomes. Uses relevant literature to provide a critical analysis of contemporary dynamics and problems in international and national property markets.

Prerequisite: 90 points from PROPERTY 211-281

PROPERTY 382
15 Points

Māori Land Issues

History of land conflicts in New Zealand, Waitangi Tribunal process, and development of portfolio management strategies.

Prerequisite: 90 points from PROPERTY 211-281

PROPERTY 384
15 Points

Special Topic

A seminar or individual course of study on a specialised aspect of property.

Prerequisite: 90 points from PROPERTY 211-281

Postgraduate 700 Level Courses

PROPERTY 701
15 Points

Research Methods for Property

A core course for all postgraduate students. Introduction to quantitative and qualitative research techniques and research design. Assists students to think critically when designing a research study.

Restriction: MKTG 703, 704

PROPERTY 713
15 Points

Seminar in Valuation

Advanced studies in the theory and practice of valuation.

Prerequisite: PROPERTY 311

PROPERTY 715
15 Points

Specialised Valuations in Property

Advanced studies in specialised valuations involving unique, unusual or infrequently traded properties.

PROPERTY 723
15 Points

Property Market Behaviour

An exploration into the behavioural approach to property research providing for a deeper understanding into market behaviour of participants within the property industry.

Prerequisite: PROPERTY 321

PROPERTY 724
15 Points

Property Trends and Issues

Analysis of specialised topics associated with emerging trends and issues in the property industry using national and international literature and case studies.

PROPERTY 733
15 Points

Seminar in Property Management

Advanced studies in the theory and practice of property management.

Prerequisite: PROPERTY 331

PROPERTY 743
15 Points

Seminar in Property Development

Advanced studies in the theory and practice of property development.

Prerequisite: PROPERTY 261, 342, 344, 351

PROPERTY 753
15 Points

Seminar in Property Finance and Investment

Advanced studies in the theory and practice of property finance and investment.

Prerequisite: PROPERTY 351

PROPERTY 754
15 Points

Financial Analysis for Property

Practical application of real estate financial software, through interactive examples and case studies. Participants will be exposed to software capabilities, fundamentals and unique nuances.

PROPERTY 755
15 Points

International Property Markets

Property markets are characterised by significant institutional differences that affect the nature and performance of national markets. Analysis of socio-economic and cultural factors influencing the operation of international markets.

PROPERTY 763
15 Points

Urban Economic Analysis

Analysis of macro-economic and institutional factors that affect urban property markets. Covers dynamic processes in the build environment from a variety of theoretical perspectives and examines the nature of local government and planning processes as they affect property development.

Prerequisite: PROPERTY 261 and 351 and, 362 or 363

PROPERTY 773
15 Points

GIS and Property Analysis

The increasing availability of geographically referenced property data offers significant potential for property research and modelling. Covers fundamentals of Geographic Information Systems (GIS) (concepts, principles and functions) and essential skills for applying GIS to solve real-world property problems.

PROPERTY 784
15 Points

Market Analysis for Property

Provides market analysis techniques and theories relating to commercial, industrial, and residential property. Includes the application of supply and demand analyses, retail trade area analysis, and forecasting techniques.

Corequisite: At least 30 points selected from PROPERTY 713-763

PROPERTY 785
15 Points

Special Topic

A seminar or individual study on a specialised aspect of property.

Corequisite: At least 30 points selected from PROPERTY 701-773, and 784

PROPERTY 786
15 Points

Special Topic

PROPERTY 789
30 Points

Research Essay

A dissertation on a topic in property approved by the Head of Department.

Prerequisite: At least 30 points selected from PROPERTY 703-763

PROPERTY 790
30 Points

Research Essay

A dissertation on an approved topic in property.

Prerequisite: At least 30 points selected from PROPERTY 701-773, and 784

PROPERTY 791
60 Points

PROPERTY 791A
30 Points

PROPERTY 791B
30 Points

Dissertation

To complete this course students must enrol in PROPERTY 791 A and B, or PROPERTY 791

PROPERTY 794A
30 Points

PROPERTY 794B
60 Points

Thesis

To complete this course students must enrol in PROPERTY 794 A and B

PROPERTY 796A
60 Points

PROPERTY 796B
60 Points

Thesis for MProp

Prerequisite: PROPERTY 701

To complete this course students must enrol in PROPERTY 796 A and B

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