UTS course code: C10007
UAC code: 601033
Testamur title: Bachelor of Property Economics
Abbreviation: BPropEc
Course fee: HECS (local); $7,350 per semester (international)
Total credit points: 168; with Honours: 192

Overview
Course duration
Course structure
Course program
Professional recognition

Overview

The Property Economics course aims to:

• produce a broadly educated graduate prepared for a career in the property industry
• equip students with an understanding of the legalities, principles and processes required in order that they can fill a professional role as a property analyst, valuer, real estate agent, business agent, stock and station agent, auctioneer, property manager or a number of these, and
• develop an appreciation of a professional ethic which emphasises responsibility and responsiveness to community needs.

Course duration

This course is offered on a four-year, full-time or equivalent part-time basis.

Course structure

Industrial experience

In addition to attending classes, students are required to gain practical experience in appropriate professional or industrial organisations.

Full-time students undertake practical studies as part of the program included in core subjects. They are also required to gain approved professional experience in the final two full-time years of their programs. Part-time students are required to enrol each year, except Year 1, in the professional/industrial experience subject and to supply details of the experience gained. Further details can be obtained from the Director of Program.

Course program

Full-time program

Spring semester
16126 Appraisal and Statistics 6cp
16127 Building Technology 6cp
16128 Property Transactions 6cp
16129 Trust Accounting and Management 6cp

Spring semester
16235 Urban Economics 6cp
16236 Property Cash Flow Analysis 6cp
16237 Property Taxation 6cp
16238 Research Methods 6cp

Spring semester
16333 Statutory Valuation and Litigation 6cp
16334 Development Management 6cp
16661 Property Analysis (Hons) 6cp
xxxxx Elective 6cp

Spring semester
16337 Professional Property Practice 6cp
16338 International Property Investment 6cp
16663 Honours Thesis B 6cp
xxxxx Elective 6cp

Electives

Students are required to take 24 credit points of electives. This may be from the Property Economics program, or may be freely chosen by students from a variety of electives offered by different faculties in the University.

Electives offered by the Property Economics program are:
16991 Property Economic Issues 6cp
16992 Planning and Political Economy 6cp
16993 Facility Evaluation 6cp
16342 Property Cycles and Forecasting 6cp

Professional recognition

The course satisfies the educational requirements for registration as a valuer; for licensing as a real estate agent, on-site residential property manager, business agent, stock and station agent, strata managing agent; and practice as a property developer.

Professional membership

Upon graduation, students may be eligible to apply for membership of a number of relevant professional bodies. While enrolled at the University, students may also take out student membership with these bodies.

Students should note that the Faculty's regulations regarding approved practical experience as set out apply to the award of its degrees; they are different from, and may not meet, the practical experience requirements demanded by the professional bodies as a condition of membership.

Students should bear in mind their future professional intentions when satisfying the practical experience requirements for their degree.

Although reference should be made to specific organisations, a guide to the requirements of the various bodies for admission to full membership is as follows.

Australian Property Institute (API)

Student membership is actively sought by the Institute, and students are encouraged to join the various study groups, details of which are available from the Registrar.

The requirements for Associate Membership include the following:

1. a degree in a recognised course of study, i.e. Bachelor of Property Economics at the University of Technology, Sydney
2. a minimum of two years' approved professional experience prior to application.

Under the provisions of the Valuers Registration Act 1974, valuers are required to be registered. Full details can be obtained from the Department of Fair Trading.

Real Estate Institute of NSW (REI)

The REI is the main professional body for real estate agency practice. Student membership is available and encouraged.

Among other things, membership entitles the student to receive the REI journal and participate in any of their Chapters, such as Property Management, Commercial and Industrial, and Valuation.

Royal Institution of Chartered Surveyors (RICS)

The Bachelor of Property Economics degree is accredited as meeting all the academic requirements for full corporate membership of RICS. Upon completion of the degree, students may apply to the RICS to undertake their practical experience requirements which comprise a further two years of supervised and approved experience in industry. The RICS conducts an Assessment of Professional Competence at the end of this period.