16345 Property Trusts and Funds

Warning: The information on this page is indicative. The subject outline for a particular session, location and mode of offering is the authoritative source of all information about the subject for that offering. Required texts, recommended texts and references in particular are likely to change. Students will be provided with a subject outline once they enrol in the subject.

Subject handbook information prior to 2023 is available in the Archives.

UTS: Design, Architecture and Building: School of the Built Environment
Credit points: 6 cp

Subject level:

Undergraduate

Result type: Grade and marks

Requisite(s): 16332 Investment and Portfolio AND 16238 Property Data Visualisation and Analytics

Description

This is a core subject usually taken in Year 3 of the Bachelor of Property Economics. It is important to develop an understanding of the range of pooled property investments and the markets in which they are traded, coupled with the legal framework. The subject covers local and overseas pooled property investments and involves the main methods used to analyse these and the basis for comparing investments within the sector. Concepts covered in lectures are reinforced with workshop questions, case studies and assignments.

Subject learning objectives (SLOs)

On successful completion of this subject, students should be able to:

1.	demonstrate a working knowledge of the history and development of Property Trusts and Funds in Australia
2.	know the key features of all the types of Property Trusts and Funds
3.	identify the roles of Property Trusts and Funds within the Australian investment sector
4.	know how to undertake the practical analysis of the investment performance of Property Trusts and Funds
5.	know the key taxation issues surrounding investment in Property Trusts and Funds
6.	understand the importance and function of the regulatory environment in Australia
7.	identify, understand and analyse equity and debt finance
8.	know the professional roles within the Property Trusts and Funds industry.

Teaching and learning strategies

Interactive lecture with industry based workshops - 3 hours per week

Face-to-face classes will incorporate a range of teaching and learning strategies including short presentations, videos, discussion of corporate issues and events. These will be complemented by independent student reading and guest lectures.

Content (topics)

The structure and size of the Australian industry
Importance within the Australian funds management industry
Analysis and valuation
The sources of and comparative cost of equity and debt finance
The regulatory environment
Taxation in relation to property trusts and funds

Assessment

Assessment task 1: Analysis of Listed REITS

Objective(s):	This task addresses the following subject learning objectives: 4 This task also addresses the following course intended learning outcomes that are linked with a code to indicate one of the five CAPRI graduate attribute categories (e.g. C.1, A.3, P.4, etc.): R.2 and R.3
Type:	Report
Groupwork:	Individual
Weight:	15%

Assessment task 2: Written Assignment

Objective(s):	This task addresses the following subject learning objectives: 3, 4, 6 and 7 This task also addresses the following course intended learning outcomes that are linked with a code to indicate one of the five CAPRI graduate attribute categories (e.g. C.1, A.3, P.4, etc.): C.1, P.2, P.5 and R.3
Type:	Report
Groupwork:	Individual
Weight:	40%

Assessment task 3: Formal (closed book) exam

Objective(s):	This task addresses the following subject learning objectives: 1, 2, 3, 4, 5, 6, 7 and 8 This task also addresses the following course intended learning outcomes that are linked with a code to indicate one of the five CAPRI graduate attribute categories (e.g. C.1, A.3, P.4, etc.): C.1, P.1, P.2 and R.2
Type:	Examination
Groupwork:	Individual
Weight:	45%

Required texts

Regular reading of the financial media; recommended sources are the Australian Financial Review, the Business Sections of Leading Daily newspapers and business, finance and investment publications.

Websites including, Australian Securities and Investment Commission (ASIC), Australian Stock Exchange (ASX) also contain relevant information.

Recommended texts

Australian Property Institute Property Journal

Other resources

Students should regulate consult UTS Online under the subject for additional references and readings