Join the booming property industry with knowledge in urban planning, economics, project management, property valuation, investment and more.
AU$38,400 (2023 annual)
A degree in property provides you with the education requirements for a career in the biggest employment sector in Australia.
You will obtain an understanding of reading the property markets, the ability to analyse data along with the necessary skills to create value, manage investments and create developments.
RMIT's Bachelor of Applied Science (Property & Valuation) prepares you for a dynamic and fast-paced role as a property professional. This industry-accredited degree focuses on developing critical writing, research and analytical abilities along with the technical skills required to be successful in this dynamic industry.
Throughout the degree, you'll gain a thorough understanding of the property specific skills along with the required economic, accounting, urban planning, financial and legal knowledge. You'll learn how to communicate effectively with other built environment professionals and develop your knowledge of related professions, such as project management, construction management and urban planning.
Our degree has been established and is highly regarded within the industry for over four decades. A close relationship with the property industry has ensured we have excellent connections which can be used as networking opportunities for students, along with ensuring the degree is at the cutting edge of knowledge and skills.
Through RMIT's Employer of Choice program, property students are given a direct connection to over 250 industry professionals, including GPT Group, Stocklands, JLL, m3property, Charter Keck, Cramer, Red23, Preston Rowe Paterson, Urbis, ISPT, Mirvac and Oliver Hume.
Global study tour intensives showcase property development in different cultures and environments.
We are part of the Employer of Choice Program, connecting you to more than 250 industry partners.
This course is accredited by the Australian Property Institute, which has reciprocity agreements with many countries.
The majority of classes are held within spaces specifically designed to enable interactive class discussions. You will attend lectures, tutorials, workshops as well as site visits to industry partners to incorporate and experience real life case studies.
The majority of staff members that teach in this course have been industry leaders within their specific disciplines, including property development, valuation, funds management and investment.
Ongoing assessment throughout the semester includes examinations, essays, reports, case studies, oral classes, presentations, industry projects, research projects and practical assignments.
The course features capstone projects which include an industry-focused research thesis, an investment project and an in-depth property development.
Courses offered as part of blended learning programs include a meaningful blend of online, on-campus, and workplace based learning tailored to the type of study you undertake. This learning is active, prioritising tasks that involve exploration and development of skills and knowledge through interaction and engagement.
Online aspects provide positive benefits such as flexibility and adaptability using digital activities and materials, while also strengthening the interaction and connection with timetabled and on-campus experiences such as tutorials, practicals, or workshops.
This degree is part of the Employer of Choice Program, which provides direct connections to more than 250 industry partners and employers.
Regular activities are conducted with industry, such as guest speakers and professional networking opportunities.
You are encouraged to undertake work experience in your third and fourth years, which you obtain credit for within your degree. Industry experience receives significant support in the property sector, and employers actively seek out RMIT students for project work and employment.
During your work experience, you will be employed part-time with a property firm. You will be required to complete a minimum number of hours over the semester, and keep a work experience journal.
Students have the option to study overseas for a semester as an exchange or Study Abroad student.
Over the past 10 years, students have completed global study tour intensives in the UAE, London, Paris, Barcelona, New York, San Francisco, Japan and New Zealand. These tours allow you to see first hand how property developments are conducted in different environments and/or cultures.
RMIT offers a range of opportunities for our students to study abroad through global work, exchange and study experiences with over 165 partner universities worldwide.
The knowledge and skills you will acquire throughout this degree and how they can be applied in your career are described in the learning outcomes.
You will undertake 28 property-specific courses culminating in 4 capstone courses in your final year which bring together your knowledge into real work experiences.
The degree offers you a variety of specialisation and knowledge, which covers the many different areas of property that you may further your career in. You will develop the ability to identify, analyse, and resolve problems relating to the property profession.
Be introduced to the property industry, forming the framework for the next three years. You will be given an overview of property principles, valuation techniques and property investment strategies. You will also be taught an introduction to construction and project management to aid in your work and studies.
You will study the property industry in greater detail, with the introduction of property development and investment, along with principles of valuation. You will also gain broader skills in areas of applied law, property economics, and leadership that will help you become an industry leader.
You will build on the material of second year, and look in depth at valuation procedures, asset management and the property investment markets. You will gain knowledge and skills relating to analysing the features and performance of individual properties and the associated marketplace, and undertake a research methods course which will build the foundation for your research project in fourth year.
The final year prepares you to be industry-ready, and gives you an insight into the industry environment and its latest trends. The year culminates with the following three major projects:
an industry-focused property research thesis
an investment project
an in-depth property development.
Choose a plan below to find out more about the subjects you will study and the course structure.
If you are eligible* to apply via The Victorian Tertiary Admissions Centre (VTAC), copy and paste the below code into VTAC CourseSearch.
*Please ensure that you have checked the admissions requirements and apply page before applying.
Note: International student visa holders can only study full-time.
If you are eligible* to apply via The Victorian Tertiary Admissions Centre (VTAC), copy and paste the below code into VTAC CourseSearch.
*Please ensure that you have checked the admissions requirements and apply page before applying.
Property forms the foundation of the economy, and is a necessity for all businesses, whether they purchase or lease their place of occupancy, or need it to expand or contract their business.
Property is also the base infrastructure for every activity in our lives including living, working, entertainment and transportation.
The economy may rise or fall, but in all economic environments, there is a need for people skilled in managing, protecting and growing their investments and for others.
Our graduates go on to work as:
Previous graduates have worked for companies in Australia and abroad, including:
This degree is accredited by the Australian Property Institute (API) which has reciprocity agreements with countries like Canada, Hong Kong, New Zealand, Malaysia and Singapore, and membership with the Royal Institution of Chartered Surveyors (RICS) which is recognised worldwide.
This degree provides the academic base required for membership to RICS. The API bodies also require applicants to have work experience, and meet other membership criteria to become certified practising valuers (CPV).
You must have successfully completed an Australian Year 12 (or equivalent qualification).
Victorian Certificate of Education (VCE) units 3 and 4: a study score of at least 30 in English (EAL) or at least 25 in English other than EAL; Units 3 and 4: a study score of at least 20 in any Mathematics, or equivalent studies.
Entry to this program is competitive. Eligible applicants are ranked and selected in order of merit based on their academic achievement plus any adjustment factors.
You may be eligible to receive adjustment factors which include equity access schemes and/or subject adjustments to a maximum of 28 aggregate adjustment points. For more information about what adjustment factors RMIT considers visit Admission to RMIT.
We will consider your entire academic record to determine your eligibility for entry. The highest level of education you have previously completed will usually determine how you are ranked.
Please select the highest level of education you have or will be completing in order to find out the selection criteria that applies to you, in addition to meeting the above entry requirements.
Entry to this program is competitive. Eligible applicants are ranked and selected in order of merit based on their academic achievement. You will be ranked on your ATAR plus any adjustment factors.
Entry to this program is competitive. Applicants are ranked and selected in order of merit based on their academic achievement, e.g., level of TAFE qualification completed (including any adjustment factors).
We will consider your entire academic record to determine your eligibility for entry. The highest level of education you have previously completed will usually determine how you are ranked.
You will be assigned a selection rank (comparable to an ATAR) based on your highest completed qualification:
You are encouraged to submit a personal statement outlining:
If you do not submit a personal statement you will be considered on the basis of academic achievement only.
Applicants applying to RMIT through VTAC can complete and submit the VTAC personal statement via their online VTAC account.
Applicants applying Direct to RMIT can upload their completed personal statement via their online Direct application.
You may satisfy the academic requirements by completing the STAT multiple choice.
If you are applying to RMIT as an applicant with vocational education training, you may sit the STAT multiple choice if you:
STAT results are valid for two years prior to the commencement of study and can be used to meet Year 12 English prerequisites. You are still required to meet all other program prerequisites or equivalents.
Learn more about RMIT STAT results including minimum STAT scores required to meet prerequisites.
Entry to this program is competitive. Applicants are ranked and selected in order of merit based on their academic achievement, e.g., GPA (including any adjustment factors).
We will consider your entire academic record to determine your eligibility for entry. Previous fail grades in similar courses may affect your eligibility.
You must have successfully completed at least two courses (subjects) in an Australian bachelor degree or four courses (subjects) in an Australian associate degree, or overseas equivalent. You will be assigned a selection rank (comparable to an ATAR) based on your GPA.
You are encouraged to submit a personal statement outlining:
If you do not submit a personal statement you will be considered on the basis of academic achievement only.
Applicants applying to RMIT through VTAC can complete and submit the VTAC personal statement via their online VTAC account.
Applicants applying Direct to RMIT can upload their completed personal statement via their online Direct application.
You may satisfy the academic requirements by completing the STAT multiple choice. If you are applying to RMIT as an applicant with higher education study, you may sit the STAT multiple choice if you:
are 19 years of age or over as of 1 January in the year in which you will start your studies and
have not been enrolled in secondary studies for at least two years and
have no prior secondary school (Year 12), VET studies, HE studies or relevant work experience that can be considered for entry, or these do not meet the minimum academic requirements for the program
STAT results are valid for two years prior to the commencement of study and can be used to meet Year 12 English prerequisites. You are still required to meet all other program prerequisites or equivalents.
Learn more about RMIT STAT results including minimum STAT scores required to meet prerequisites.
Entry to this program is competitive. Applicants are ranked and selected in order of merit based on their academic achievement, e.g., Special Tertiary Admission Test (STAT) score (including any adjustment factors).
You must have successfully completed an Australian Year 12 (or equivalent qualification) and meet the stated prerequisites.
Work and life experience does not provide any additional consideration for entry to this program. You may satisfy the academic requirements by completing the STAT multiple choice.
You are encouraged to submit a personal statement outlining:
If you do not submit a personal statement you will be considered on the basis of academic achievement only.
Applicants applying to RMIT through VTAC can complete and submit the VTAC personal statement via their online VTAC account.
Applicants applying Direct to RMIT can upload their completed personal statement via their online Direct application.
You may satisfy the academic requirements by completing the STAT multiple choice. If you are applying to RMIT as an applicant with work or life experience, you may sit the STAT multiple choice if you:
are 19 years of age or over as of 1 January in the year in which you will start your studies and
have not been enrolled in secondary studies for at least two years and
have no prior secondary school (Year 12), VET studies, HE studies or relevant work experience that can be considered for entry, or these do not meet the minimum academic requirements for the program
STAT results are valid for two years prior to the commencement of study and can be used to meet Year 12 English prerequisites. You are still required to meet all other program prerequisites or equivalents.
Learn more about RMIT STAT results including minimum STAT scores required to meet prerequisites.
View the ATAR profile and selection rank from students offered a place into this program wholly or partly on the basis of ATAR in the most relevant recent intake period.
The student profile provides insight into the likely peer group for this program.
*ATAR refers to the lowest selection rank to which an offer was made (including consideration of any adjustments) for current and recent Year 12 applicants.
RMIT is committed to providing transparency to the admissions process. In line with this commitment, we provide you with information that will help in making informed choices about your undergraduate study options. Find out more about admission to RMIT.
You need to satisfy all of the following requirements to be considered for entry into this degree.
You must have successfully completed an Australian Year 12 or an equivalent senior secondary school qualification with a minimum average of 65% (see calculator below).
Equivalent qualifications may also include completion of the RMIT Foundation Studies program or a recognised post secondary diploma in the relevant discipline with the required grades.
Meeting the minimum academic requirements does not guarantee entry. Your application will still need to be assessed and accepted.
Mathematics; or Victorian Certificate of Education (VCE) Units 3 and 4 in any Mathematics with a study score of at least 20.
A selection task is not required for entry into this qualification.
To study this course you will need to complete one of the following English proficiency tests:
For detailed information on English language requirements and other proficiency tests recognised by RMIT, visit English language requirements and equivalency information.
Don't meet the English language test scores? Complete an English for Academic Purposes (EAP) Advanced Plus Certificate at RMIT English Worldwide.
This course offers pathway options. If you don’t meet the entry requirements, a formal pathway might be your way in.
Didn't get the ATAR you needed for entry into this degree?
At RMIT we've got your back, with a range study options to help you achieve your goals, no matter your ATAR.
Guaranteed Pathways gives you the option to preference pathway packages when you apply to RMIT.
If you apply and are successful in gaining a place in a Guaranteed Pathway package, you will progress straight into the Bachelor Degree upon successful completion of the relevant vocational degree (otherwise known as TAFE) first.
With a Guaranteed Pathway package, you can graduate with two internationally-recognised RMIT qualifications.
Credit, recognition of prior learning, professional experience and accreditation from a professional body can reduce the duration of your study by acknowledging your earlier, relevant experience.
Credit and exemptions will be assessed consistent with the principles of the RMIT Credit Policy.
Upon successful completion of this program, you may be eligible to undertake further studies in related programs at RMIT University, including postgraduate programs, subject to the program's entrance requirements.
You can gain entry into Bachelor of Applied Science (Property and Valuation) (Honours) from a range of RMIT programs. Successful completion and the grades you achieve plus any other program requirements determine the programs you can enter from and the amount of credit you will receive.
If you successfully complete the Advanced Diploma of Building Design (Architectural), you are guaranteed entry and will receive 2 semesters of advanced standing (equivalent to 96 credit points).
If you successfully complete the Diploma of Building and Construction (Building), you may be eligible for 2 semesters of advanced standing (equivalent to 96 credit points).
Alternatively, you can gain entry from RMIT Foundation Studies or a range of vocational study programs.
RMIT has pathway arrangements with many partner institutions around the world.
If your institution has a pathway arrangement with RMIT you may be able to receive credit and reduce the time it will take to complete your preferred RMIT program.
Find out if your institution has a pathway arrangement with RMIT
If you have qualifications from an institution that is not an RMIT partner, credit into your RMIT program will be assessed on a case-by-case basis.
Credit may reduce the duration of your study by acknowledging your earlier, relevant study experience.
When you are submitting an application, please indicate that you want to be considered for credit and provide detailed course syllabus (also known as course outline), outlining volume of learning, course content and weekly topics, learning objectives/outcomes, assessment types and their weightings, and reference to the learning resources such as prescribed textbooks and recommended readings.
When you successfully complete this program, you may be eligible for entry into an RMIT postgraduate program or RMIT Masters by Research or Doctoral (PhD) program.
In 2023, the annual student contribution amount (tuition fee) you will pay for a standard year of full-time study is between AU$4,124 to AU$15,142*.
Amounts quoted are indicative fees per annum, and are based on a standard year of full-time study (96 credit points). A proportionate fee applies for more or less than the full-time study load.
Fees are adjusted on an annual basis and these fees should only be used as a guide.
You may be eligible to apply for a HECS-HELP loan, which can be used to defer payment of up to the full amount of your student contribution fees. You may also be eligible to apply to defer payment of your SSAF through the SA-HELP loan scheme.
Learn more about fees for undergraduate study.
For information on how to pay your fees or how to apply for a refund, please see Paying your fees and applying for refunds.
From 2022, there are new government rules about eligibility for higher education student funding as part of the Australian Government’s Job-ready Graduates legislation. If you're starting a program in or after 2022 and are enrolled in a Commonwealth supported place (CSP) or have a HECS-HELP or FEE-HELP loan, these changes affect you. For details, please see Low completion rate and government funding.
If you are offered a Commonwealth supported place, your tuition fees are subsidised by the Australian Government.
Your share of the fee (student contribution) is set on an annual basis by the government and is determined by the discipline areas (bands) of your individual enrolled courses, not the overall program.
The Australian Government has introduced changes to university funding and student contribution fees under its Job-ready Graduates Package.
The fees in the table below apply to students who commence their program in 2023. Fees for continuing students are available at fees for Commonwealth supported students.
Each course (subject) falls into a band. The band determines the student contribution amount for the course.
Amounts listed in the table below are based on a standard, full-time study load (96 credit points per year) with all courses in the same band. A proportionate fee applies for more or less than the full-time study load or for enrolment in courses (subjects) from a combination of bands.
You can learn how to calculate your exact tuition fees for units from different bands at Fees for Commonwealth supported students.
Student contribution band by course (subject) |
Maximum annual student contribution amount (per EFTSL) in 2023 |
|---|---|
| Education, Postgraduate Clinical Psychology, English, Mathematics, Statistics, Nursing, Indigenous and Foreign Languages, Agriculture | $4,124 per standard year $515 per standard (12 credit point) course |
| Allied Health, Other Health, Built Environment, Computing, Visual and Performing Arts, Professional Pathway Psychology, Professional Pathway Social Work, Engineering, Surveying, Environmental Studies, Science, Pathology | $8,301 per standard year $1,037 per standard (12 credit point) course |
| Dentistry, Medicine, Veterinary Science | $11,800 per standard year $1,475 per standard (12 credit point) course |
| Law, Accounting, Administration, Economics, Commerce, Communications, Society and Culture | $15,142 per standard year $1,892 per standard (12 credit point) course |
On 1 January 2022, the Government implemented the Student Learning Entitlement (SLE).
For more information about SLE, visit Study Assist.
The Australian Government provides financial assistance via the HECS-HELP loan scheme, which allows eligible students (such as Australian citizens or holders of an Australian permanent humanitarian visa) to defer payment of up to the full amount of their student contribution.
You may be eligible to apply to defer payment of the Student services and amenities fee (SSAF) through the SA-HELP loan scheme. If you use SA-HELP, the amount will be added to your accumulated HELP debt.
If your FEE-HELP and/or SA-HELP loan application is successful, the Australian Government will pay RMIT, on your behalf, up to 100% of your fees. This amount will become part of your accumulated HELP debt.
You only start repaying your accumulated HELP debt to the Australian Government once you earn above the minimum income threshold for repayment, which is set each year by the Australian Government (this also applies if you are still studying). The Australian Taxation Office (ATO) will calculate your compulsory repayment for the year and include this on your income tax notice.
For more information about loan repayment options see Commonwealth assistance (HELP loans) or Study Assist.
In addition to tuition fees, you will be charged an annual student services and amenities fee (SSAF), which is used to maintain and enhance services and amenities that improve your experience as an RMIT student.
The SSAF is calculated based on your enrolment load and the maximum fee for 2023 is $326.
For more information about calculating your actual SSAF see Paying SSAF.
You may also be required to purchase other items related to your program, including field trips, textbooks and equipment. These additional fees and expenses vary from program to program.
For final year property and valuation degree students; worth $10,000 plus paid work experience.
For students who identify as a woman commencing a Bachelor of Applied Science (Property and Valuation) (Honours) degree at RMIT with high ATAR results; worth $5,000.
RMIT awards more than 2000 scholarships every year to recognise academic achievement and assist students from a variety of backgrounds.
The annual tuition fee for 2023 is AU$38,400.
The total indicative tuition fee for 2023 commencement is AU$153,600.
In addition to tuition fees you also need to pay for:
You also need to account for your living expenses. Estimate the cost of living in Melbourne.
Find out more details about how fees are calculated and the expected annual increase.
Find information on how to apply for a refund as a continuing international student.
RMIT awards more than 2000 scholarships every year to recognise academic achievement and assist students from a variety of backgrounds.
Use our Frequently Asked Questions to learn about the application process and its equity access schemes, find out how to accept or defer your offer or request a leave of absence, discover information about your fees, refunds and scholarships, and explore the various student support and advocacy services, as well as how to find out more about your preferred program, and more.
Acknowledgement of Country
RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nation on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business - Artwork 'Luwaytini' by Mark Cleaver, Palawa.
Acknowledgement of Country
RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nation on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business.
