Undergraduate - UnitBFX3355 - Property investment

This unit entry is for students who completed this unit in 2015 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Banking and Finance
Offered	Clayton First semester 2015 (Day) Clayton Second semester 2015 (Day)
Coordinator(s)	Dr John Flaherty

Synopsis

This unit considers characteristics of property investment, valuation of real estate assets, real estate market analysis, the role of equilibrium asset pricing models, real estate and portfolio theory, measurement of risk and return, indices and pricing models, the effect of leverage and taxation, real estate in mixed asset portfolios, listed and unlisted property trusts, property management and development projects.

Outcomes

The learning goals associated with this unit are to:

analyse investments in asset classes with particular emphasis on property
critically examine the different types of property, characteristics of property markets, the role of professional investors and managers and the nature of investment vehicles employed
explain property cycles and the role of property in investment portfolios
evaluate property based on risk of cash flows
apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with property investment and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFX3355.

Assessment

Within semester assessment: 30%
Examination: 70%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Chief examiner(s)

Professor Philip Gray

Prerequisites

Students must have passed AFC2140, BFC2140, BFF2631 or AFF2631 before undertaking this unit.

Prohibitions

AFX3355