This course introduces students to the opportunities afforded through participation in the property market.

Everybody interacts with property each day. We live, work and socialise in property assets, choose to own or rent, decide where we live and may choose to invest or speculate with property assets. But property has a set of unique characteristics that make it different from other consumer and investment assets. The legal, physical and locational aspects are often poorly understood and this makes it difficult for people to evaluate the opportunities offered by property.

We will investigate a broad range of these aspects at an introductory level and primarily from the viewpoint of the property consumer - the people and organisations that use, buy, sell, rent, invest and speculate with property.

The course uses a project-based approach
You will use an Australian residential property (this should be your term address) to investigate throughout the course and consider a variety of aspects. Weekly workshops will assist with this. In practice, the main learning will occur through your application of the material to the project, as well as the weekly tests and workshops that will be completed online.

We have followed the standard University expectation that students spend up to 12 hours per week for 10 weeks, for a standard 4.5 unit course (120 hours in total).

 

As an internal student, we would expect that you spend this time as:

• 3 hours per week contact for 10 weeks (this will include continuous assessment)
• 5 hours per week study for 10 weeks (this will include weekly tests)
• 4 hours per week for 10 weeks for the project.

This is a substantial time commitment, so please only continue with your enrolment if you can fulfil this.

 

I hope that you enjoy your study of property opportunities in this course.

 

Dr. Sumin Kim

Course Coordinator

 

Internal mode includes face to face/in person components such as lectures, tutorials, practicals, workshops or seminars that may be offered at a University campus or delivered at another location. Courses delivered in internal mode may also be offered intensively allowing them to be completed in a shorter period of time. There is an expectation that students will be physically present for the delivery of face to face/in person teaching and learning activities.

Lecture

Student information

A lecture is delivery of course content either in person, or online in a virtual classroom, that builds on the course readings and pre-lecture requirements for you and other students in the course. The primary purpose of the lecture is to comprehensively describe and explain course content, ideas or skills to provide a foundation on which students build understanding through extended study. Lectures may also be pre-recorded and embedded in online courses.

All students are expected to have undertaken required readings and assigned activities prior to the lecture.

Staff information

A lecture is delivery either in person, or online in a virtual classroom environment, of original material to students with the primary purpose of comprehensively describing and explaining course content, ideas or skills. Consequently, lectures require adequate preparation time to ensure appropriate and current content across multiple delivery modes. Online delivery may require additional preparation time to adapt or record material.

Workshop

Student information

A workshop is a structured activity, delivered either in person or online in a virtual classroom in which the student is required to actively contribute. Your instructor will facilitate guided activities that relate to course content previously covered in a lecture and/or seminar and/or tutorial.

All students are expected to be familiar with relevant lecture seminar and/or tutorial content prior to a workshop in preparation for undertaking the activities in the workshop.

Staff information

A workshop is a structured activity delivered either in person, or online in a virtual classroom, which involves guided, structured activities that relate to course content previously covered in a lecture seminar and/or tutorial.

Workshops would normally require less preparation than a lecture or tutorial, but require reasonable time allocated to set up materials and equipment prior to the workshop, and to dismantle, clean and put away materials and equipment on completion. Where relevant, set up and break down time may require an allocation each time the workshop is delivered.

 

There are no prerequisite courses to be completed before this course can be undertaken.

There are no corequisite courses to be completed in conjunction with this course.

To introduce students to the opportunities afforded through participation in the property market. 

On completion of this course, students should be able to:

CO1. Demonstrate an understanding of the practical and legislative principles involved in buying, selling, leasing, managing, developing and investing in real property.

CO2. Establish the basic market, investment and development opportunities for real property.

CO3. Demonstrate an understanding of the legal, physical, economic and social aspects of real property.

CO4. Identify, collect, interpret and present relevant primary and secondary data relating to real property.

CO5. Demonstrate UniSA Business Enterprise Skills in the context of the Property discipline: i) Problem Solving (foundation level); ii) Written Communication (foundation level); and iii) Oral Communication (foundation level).

Upon completion of this course, students will have achieved the following combination of Graduate Qualities and Course Objectives:

A graduate of UniSA:

GQ1. operates effectively with and upon a body of knowledge of sufficient depth to begin professional practice

GQ2. is prepared for life-long learning in pursuit of personal development and excellence in professional practice

GQ3. is an effective problem solver, capable of applying logical, critical, and creative thinking to a range of problems

GQ4. can work both autonomously and collaboratively as a professional

GQ5. is committed to ethical action and social responsibility as a professional and citizen

GQ6. communicates effectively in professional practice and as a member of the community

GQ7. demonstrates international perspectives as a professional and as a citizen

Assessing opportunities offered by real property within legal, physical, economic and social constraints. Practical and legislative aspects of buying, selling, leasing, managing, developing and investing in property. Analysing property sites in terms of location, neighbourhood and development controls. Basic property market, investment and feasibility analysis.

4.5 units

This course will involve the production of audio and/or video recordings of UniSA students. To protect student privacy, you must not at any time disclose, reproduce or publish these recordings, or related material, in the public domain including online, unless the videoed students give consent for reproduction, disclosure or publication. This requirement is consistent with University statutes, by-laws, policies, rules and guidelines which you agreed to abide by when you signed the Student Enrolment Declaration.

Students must seek permission prior to recording any UniSA learning activity. See A-56 Policy Student recording of learning activities (https://i.unisa.edu.au/siteassets/policies-and-procedures/docs/academic/a56_student-recording-of-learning-activities.pdf)

Breaches of this Policy contravene the principles of academic integrity, and attract the penalties provided in the Academic Integrity Procedure (https://i.unisa.edu.au/policies-and-procedures/university-policies/).

Please note: in response to the current restrictions and health guidelines, Teaching and Learning Arrangements will be offered as either Virtual or In Person as the situation permits. The Teaching and Learning Arrangements section above lists all possible components that may be offered for this course rather than the components offered in this study period. Please refer to the course Learnonline site or class timetable for further information.

There are no textbooks listed for this course.

Referencing

In this course it is a requirement for students to use APA7 referencing. More information about referencing can be found here: APA7 Referencing Style guide

All course related materials are available on your learnonline course site which you will be able to access from the ‘my Current Studies’ section in myUniSA (https://my.unisa.edu.au).

Access to Previous Courses
You will have access to your previous course sites for a period of 4 years. After this time, the course sites will be archived and will be unavailable.

Note: Course readings provided via the University Library are only made available to current students and staff due to licensing and copyright restrictions. Students may download their course readings while they are enrolled in the course for their personal research purposes only.

Academic integrity is the foundation of university life and is fundamental to the reputation of UniSA and its staff and students. Academic integrity means a commitment by all staff and students to act with honesty, trustworthiness, fairness, respect and responsibility in all academic work.

An important part of practising integrity in academic work is showing respect for other people's ideas and being honest about how they have contributed to your work. This means taking care not to represent the work of others as your own. Using another person's work without proper acknowledgement is considered Academic Misconduct, and the University takes this very seriously.

The University of South Australia expects students to demonstrate the highest standards of academic integrity so that its qualifications are earned honestly and are trusted and valued by its students and their employers. To ensure this happens, the University has policies and procedures in place to promote academic integrity and manage academic misconduct. For example, work submitted electronically by students for assessment will be examined for copied and un-referenced text using the text comparison software Turnitin http://www.turnitin.com.

 

It is an offence for any person or company to provide academic cheating services to students of Australian universities, irrespective of whether the service is provided by an Australian or overseas operator (see Tertiary Education Quality and Standards Agency Amendment (Prohibiting Academic Cheating Services) Bill 2019 - https://www.legislation.gov.au/Details/C2020A00078). “Academic cheating services” includes providing or undertaking work for students, where that work forms a substantial part of an assessment task.

More information about academic integrity and what constitutes academic misconduct can be found in the Academic Integrity Policy and Procedure (https://i.unisa.edu.au/policies-and-procedures/university-policies/academic/ab-69).

To learn more on academic integrity and how to avoid academic misconduct, please refer to the Academic Integrity Module: https://lo.unisa.edu.au/mod/book/view.php?id=252142

All students must adhere to the University of South Australia's procedures about assessment: http://i.unisa.edu.au/policies-and-procedures/codes/assessment-policies/.

Details of assessment submission and return are listed under each assessment task. Assessment tasks will be returned to you within 15 working days of submission.

 

Cover sheets

 

A cover sheet is not required for assessment tasks submitted via learnonline, as the system automatically generates one.

 

If the Course Coordinator allows submissions in hard copy format, you will be required to attach an Assignment Cover Sheet which is available on the learnonline student help (https://asklearnonline.unisa.edu.au/app/answers/detail/a_id/2222/kw/coversheet) and in myUniSA.

 

Further information on re-marking and re-submission is available in the academic policy, AB-68 P4 Re-marking and Re-submission Procedure

There is a workshop for each topic and these involve practical work that supports the project and develops a wide range of skills that are considered to be important for students who study property in the degree program. For topics where a model answer is appropriate, these answers will be supplied for you to work though. You will not need to submit any summative assessment for these topics.

For 3 of the topics, there will be a submission requirement. You are also required to submit the first stage of the project to show progress and this section is marked as a part of the continuous assessment.

The following 4 submissions will make up the continuous assessment. The weightings of each are following.

Topic 3 Location Brochure (20 of 100) - a single page brochure covering aspects of the suburb chosen for your major project. Details of the submission will be on the course webpage.

Topic 6 Appraisal Justification (20 of 100) - involves a basic appraisal. Using the case study provided on the course website, you need to develop a written argument as to the appraised value of the property.

Project Stage 1 (40 of 100)- This is the first section of the project and involves data collection and basic description. This submission assists with the timely and continuous progression of your project and gives feedback on the important data that is used in the remainder of the project.

Topic 8 Video Presentation (20 of 100) - will involve you submitting a 1-minute television-news style video. Details of the submission will be on the course web page.

As this work is to be continuous, only very short-term extensions will be given so that feedback may be provided to other students. Resubmissions are not accepted.

Further information on re-marking and re-submission is available in the academic policy, AB-68 P4 Re-marking and Re-submission Procedure

For 10 of the 11 topics, there will be a test (quiz for marks) conducted using the learnonline quiz system. There is no test for topic 1, which is the course introductory topic.

You will find a link to the test in the relevant topic section on the course learnonline page. Any uncompleted tests will attract a mark of zero.

There will be a practice quiz for each topic that you can access beforehand. This will have a similar format to questions in the quiz for marks, however, no questions from the practice quiz will be included in the quiz for marks.

The test will cover material from the study guide (notes), recorded lecture and topic workshop exercises. The tests are open book and you can take the test wherever you can access the learnonline site on a suitable computer.

Once you start a test, you must complete it within 15 minutes. After this, you will not be able to access it again until the test is closed. Once the test is closed, all students' attempts will be automatically marked and results posted. At this point, you can re-open the test and review your work.

It is important that you do not leave any test until the last minute. If you attempt a test and have a major problem then we may allow you to re-sit (although we will need good evidence). Once a test is closed, we cannot do this, so you are encouraged to take a test well before the closing time.

Extensions will only be granted for unexpected and exceptional circumstances that occur over a number of days. A prolonged emergency hospital stay is such a circumstance. Holidays, work commitments or minor ailments are not reasons for extensions.

More details about taking each test will be shown on the learnonline site for the course.

Further information on re-marking and re-submission is available in the academic policy, AB-68 P4 Re-marking and Re-submission Procedure

The project is based on a residential property (preferably your own residence), which is investigated for a number of different opportunities.

The property needs to be residential: detached, semi-detached house or strata or community titled unit or an apartment. Small farmlets (up to 2 ha) are acceptable but only if these are prevalent in the area. A residence attached to another property (e.g. a shop or business) is only suitable if it is separately titled. If you are uncertain about the suitability of your property, then you should discuss this with the Course Coordinator before the Friday of Week 2.

You will be required to select and record your property location before the Tuesday of Week 3. You should be conducting the project using your University listed Australian term address unless this property does not meet the requirements above. Notwithstanding this, the property that you choose:

- Must be in Australia.
- Must be accessible to you so that you can complete a full internal and external inspection including taking measurements and your own photographs.
- Should not have been the subject of a previous or other student's current project (unless this is your place of residence). Specifically, if you have access to a previous project that was completed for this course then you should not use this in any way. Use of a previous project in any manner can be considered to be academic misconduct.

If you are not using your University listed term address, then you need written permission from the course coordinator to use an alternative property as the focus of your project. If you are in the Adelaide area and cannot find a suitable property, then one will be selected for you to use.

 
You should register the address of the property that you are using on the database provided on the course site.


The project must be completed in a word template that is available on the learnonline page.

You will submit the first part of the project (Property Description) that includes most of your data collection as a part of your continuous assessment. You may need to amend this for the final submission based on your feedback.

The project will include the following sections:

- Property Description and Market Tracking (6 marks)
- Property Potential and Marketability (15 marks)
- Marketing Opportunity (15 marks)
- Investment Opportunity and Analysis (15 marks)
- Referencing, Writing and Presentation (4 marks)

 

For full details of the project, you will need to visit the Project Details link on the course learnonline page.

As the project is to be completed over 10 weeks only major injury or significant life circumstances will be considered a good cause for an extension in the final weeks. Students with minor ailments just prior to the submission should have completed most of the work progressively so no extension of time will be granted on this basis. However, consideration may be given to the work that should be completed during that period.

If you are not making suitable progress during the study period due to illness or a personal issue, then it is imperative that you contact the Course Coordinator about this at the time and not wait until the project is due or nearly due. In this instance, staff can assist you with a plan to complete the project in a reasonable time that may include extensions.

If you have a disability access plan, it is also essential that you discuss any requirements for ongoing assistance or extension of time by the Friday of Week 2. I cannot consider disability access plans at the time you submit your project as we will need to work across the study period to give you appropriate adjustments.

Put simply, if you are not making satisfactory weekly progress and meeting the suggested progress, you need to deal with this when you are falling behind and not leave this until the final due date, as extensions will not be granted in the 2 days before the project is due, and any consideration will be based on the assumption of satisfactory progress up to the date we are notified.

Staff will aim to mark all on-time projects within 10 working days of receiving them but no longer than 15 working days.

A mark and comment for this project will be provided through the learnonline gradebook system. This will include a grade for each section as well as specific comments about each section. There will also be an overall grade and comment. Each section will be marked against the standards specified in the project details shown above and expanded in the Project Details link of the course learnonline page - this is listed under the "Assessment" tab.

As this work is reflective of your efforts over 10 weeks, resubmission is not available for this project.

The feedback proforma is available on your course site.

There are no additional assessment requirements identified for this course.

It is essential that you SUBMIT your project, not just upload the file. It is recommended that you upload drafts to the learnonline system well in advance of the due date, but that you ensure that once your project is finalised that you click the submit button. Once you have clicked the submit button, you cannot change your project so do not do this until you are certain that the document online is correct and final.

Late submission of the project (after the due date, or after the expiry of extension if granted).
A standard penalty of 10% of the total available mark per calendar day, or part thereof, will be deducted from the total available mark for the project, for up to seven (7) calendar days. After seven (7) calendar days, the project will no longer be accepted.

Example: If the project is due on Friday and is submitted on the following Monday (3 days late) then 16.5 marks will be deducted from the overall mark. 16.5 marks being 30% of 55 marks which is the total for the project.

Unlike projects received by the due date, where every endeavour will be made to provide grading and comments as soon as possible, projects received after the due date for whatever reason, will receive feedback only after all on-time projects are marked and returned to students.

Occasionally assignments go missing during submission and return, although this is unusual. It is expected that students will make copies of all assignments and be able to provide these if required.

This course does not have an exam.

Deferred assessment or examination is available for this course.

Supplementary assessment or examination offers students an opportunity to gain a supplementary pass (SP) and is available to all students under specific conditions unless supplementary assessment or examination has not been approved for the course.

Specific conditions and further information is available in the Variations to Assessment Procedure. http://i.unisa.edu.au/policies-and-procedures/codes/assessment-policies/

Special consideration is available for this course.

Details for which variation may be considered are discussed in the Variations to Assessment Procedure (http://i.unisa.edu.au/policies-and-procedures/codes/assessment-policies/). Variation to assessment in unexpected or exceptional circumstances should be discussed with your course coordinator as soon as possible.

More information about variation to assessment is available in the Variations to Assessment Procedure (http://i.unisa.edu.au/policies-and-procedures/codes/assessment-policies/).

 

Students with disabilities or medical conditions please refer to Students with disabilities or medical conditions.

Students with disabilities or medical conditions or students who are carers of a person with a disability may be entitled to a variation or modification to standard assessment arrangements. See the Variations to Assessment Procedure at: http://i.unisa.edu.au/policies-and-procedures/codes/assessment-policies/ and Policy C7 Students with Disability at: https://i.unisa.edu.au/policies-and-procedures/university-policies/corporate/c-7/

Students who require variations or modifications to standard assessment arrangements must first register for an Access Plan with the UniSA Access & Inclusion Service. It is important to contact the Access & Inclusion service early to ensure that appropriate support can be implemented or arranged in a timely manner. 

Students who wish to apply for an Access Plan must book an appointment with a UniSA Access & Inclusion Advisor by contacting Campus Central or via the Online Booking System in the Student Portal. For more information about Access Plans please visit: https://i.unisa.edu.au/students/student-support-services/access-inclusion/

Once an Access Plan has been approved, students must advise their Course Coordinator as early as possible to ensure that appropriate supports can be implemented or arranged in a timely manner.

Students are advised there are also strict deadlines to finalise Access Plan arrangements prior to examinations. Further information is available at:  http://i.unisa.edu.au/campus-central/Exams_R/Before-the-Exam/Alternative-exam-arrangements/

Your views about the learning experiences you have while studying at this university are critical in helping us teach in ways that will help improve your learning. Students are encouraged to complete the myCourseExperience that will be available from the beginning of week ten on the course/subject home page. Your response in this questionnaire is anonymous.