Bachelor of Urban Development (Property Economics)

Overview

• Study investment, consultancy, asset management, development, valuation and research.
• Learn to provide advice on the use, value, management and marketing of property, in order to optimise the benefits from ownership or occupation.
• Gain practical experience with Work Integrated Learning.
• Prepares you to work in finance and property as a valuer and adviser, investment analyst, development manager, property and asset manager or funds manager.

Details

Property economists provide advice to owners and other interested parties on the use, value, management and marketing of their property interests in order to optimise benefits from ownership or occupation. Property economists are primarily concerned with the value of real estate assets and optimising the performance of these assets.

Why choose this course?

QUT offers one of the few specialised property courses in Australia. Property economics at QUT is concerned with all aspects of property: investment, asset management, development, valuation and research, with a focus on finance and on the commercial property market sector. You will gain hands-on, practical experience to supplement your theoretical knowledge.

In line with Faculty priorities, this course has a focus on sustainable development and environmental and energy efficiency in all forms of property.

The flexible structure of the course enables you to choose a second specialisation or groups of minor units to match your career aspirations and personal goals. This maximises your employment opportunities, offering breadth of knowledge and a real focus based on your unique study plan.

Career outcomes

As a property economics graduate, you will have career opportunities in property valuation, property consultancy, strategic advice, real estate, banking and finance, property management, and funds management in both the public and private sectors. Careers in property economics may include property valuer and adviser, investment analyst, development manager, property and asset manager, funds manager and corporate real estate.

You may work in your own private enterprise or as an employee of property development, valuation, property management, professional services investment or property finance companies. You may also work in government departments and local authorities concerned with rating, compulsory acquisitions, property development or property and portfolio management. Your work will usually combine a mix of office and field work.

Professional recognition

The degree has professional accreditation from the Australian Property Institute, the Valuers’ Registration Board of Queensland and the Royal Institution of Chartered Surveyors.

Units

Work Integrated Learning unit

Students are required to obtain a minimum of 30 days approved professional work experience.

Your course

Year 1

You are introduced to land management, sustainability, construction, economics, law and fundamental property valuation practice. You will have a preliminary understanding of the knowledge required of a property professional including factors that influence the value of property. You develop verbal and written communication skills and work collaboratively on projects with other students.

Year 2

You further develop skills in applying analytical problem solving in property valuation, investment analysis and property development. You continue to build your knowledge and skills in planning and urban development, urban economics, and law associated with interests in land and property transactions. Focus is maintained on developing written and verbal communication to a professional standard. You develop an understanding of your future role as a property professional.

Year 3

You collaborate with other students in related disciplines to determine the feasibility of a hypothetical development project. You explore property finance and property and asset management and hone research expertise. Guest lectures from leading industry practitioners and industry-focused workshops are a feature. You also embark on a specialist focus through elective major/minor units in your chosen specialisation.

Year 4

You continue to specialise in your chosen area of study through elective major/minor units. You develop skills in property taxation, property marketing and real estate practice. These property skills are supplemented by business study which provides you with a useful understanding of commercial enterprise. The year culminates with industry-focused learning experiences including a work integrated learning unit to ensure you are workforce ready.

Second major and minors

In your final two years you will have the opportunity to undertake a major (8 units) or 2 minors (4 units each) from other areas of interest. Please refer to your course rules before making your selection.

Property economics second major and minor options

Second Major:

• A second major from anywhere in QUT

Minors:

Two minors from anywhere in QUT. Remember if you take two Minors one Minor must be from outside of your course.

Entry requirements

Minimum academic requirements

Did you complete secondary school in Australia?

Course fees

Your actual fees may vary depending on which units you choose. All fees are based on current fixed fee prices. We review fees annually.

Scholarships and financial support

You can apply for scholarships to help you with study and living costs.

These scholarships are available for this course:

View all scholarships