The course will develop the skills and knowledge required to value rural land. The course focuses on the factors that create value and influence change in the use of rural land. You will examine the impact of economic indicators, environmental influences and market trends on the value of rural asset classes.

You will develop your knowledge of the physical aspects of rural land and your ability to professionally communicate and make recommendations for the highest and best use of rural land.. This course builds on your knowledge of valuation theory and practice to determine the value of a rural asset class. You will critically examine how a range of economic, and environmental factors impact on the value of rural land. You will develop your knowledge of a broad range of current rural issues and trends in farming and the implications of these for the property industry. Topics covered in this course include :infrastructure, water availability/rights, farm management, and sustainable practice.

This course includes a field trip that involves onsite activities, presentations from local farmers and professionals. These site visits will provide you with to learn first hand from farmers and rural professionals about the nature and opportunities and challenges within a rural property context. Please note that course enrolment fees do not include field trip costs. Refer to the Course Coordinator and Part B course guide for the itinerary; travel and accommodation costs; tour costs and deadlines.

The field trip is usually conducted mid semester.