Bachelor of Property Development, Investment and Valuation (Honours)

Bachelor of Property Development, Investment and Valuation (Honours)

UNDERGRADUATE

Build real-world, career-oriented knowledge in property development, property investment, property valuation, funds management and asset management.

Apply Enquire Download Brochure
Student type:
Learning mode:
On campus
Entry score:

ATAR 70.40*

Duration:
Full-time 4 years
Fees:

Commonwealth supported places

Next intake:
February, July
Location:
Melbourne City
Learning mode:
On campus
Entry score:

See admissions

Duration:
Full-time 4 years
Fees:

AU$40,320 (2024 annual)

Next intake:
February, July
Location:
Melbourne City

Overview

A degree in property provides you with the education requirements for a career in the biggest employment sector in Australia.

The Bachelor of Property Development, Investment and Valuation (Honours) prepares you for a dynamic and fast-paced role as a property professional. Reputable and fully industry-accredited, it focuses on providing you with the most current technical skills while developing critical thinking, professional writing, research and analytical abilities.

You will gain the ability to understand all the factors around property ownership, management, investment, valuation and development so you are readily employable in Australia’s largest industry. From industry experts and our world-class educators, you will learn the importance of understanding the property markets, property ownership and use rights, analysing data, along with the necessary skills to build value, manage assets and create property developments.

 You'll also learn how to communicate effectively with other built environment professionals, while developing your knowledge of related professions, such as project management, construction and urban planning.

This has been the most highly regarded property degree within the industry for more than five decades. A close relationship with the industry ensures we have excellent connections which can be used as networking opportunities, while keeping our course content at the cutting edge of knowledge and skills.

The degree is fully accredited by the Australian Property Institute (API) and the Royal Institution of Chartered Surveyors (RICS), meaning you’ll graduate with an internationally recognised qualification.

Through our Employer of Choice program, property students are given a direct connection to more than 350 industry professionals, including GPT Group, Stockland, JLL, M3property, CBRE, Knight Frank, Charter Keck Cramer, Heron Todd White, Preston Rowe Paterson, Urbis, ISPT, Mirvac and Oliver Hume.

Why study property and valuation at RMIT?

International opportunities

Global study tour intensives showcase property development in different cultures and environments.

Industry connections

We are part of the Employer of Choice Program, connecting you to more than 250 industry partners.

Fully accredited

This course is accredited by the Australian Property Institute, which has reciprocity agreements with many countries.

Animated student holding qualification

Guaranteed Pathway options available

Didn't get the ATAR you needed? Guaranteed Pathways lets you preference pathway packages so you can secure your place in your goal degree and graduate with two internationally-recognised RMIT qualifications.

Details

Expand all sections

Learning and teaching

All classes are held within spaces specifically designed to enable interactive class discussions. You will attend lectures, tutorials and workshops, as well as site visits and presentations from 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. This experience is passed on through the ability to demonstrate the practical application of the knowledge obtained in class.

Assessment methods

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 proposal. 

Learning at RMIT

The types of classes you have will depend on the course you’re studying. Classes are offered in various formats designed to provide meaningful engagement with staff, industry and peers and provide for access and use of spaces where learning can be applied and active, including an array of specialised equipment.

Most RMIT courses do not include passive large-scale classes such as lectures, instead the content traditionally provided in lectures is made available online. This may be in the form of readings, videos or other on-demand learning materials. This content will also support the basis of interactive learning that takes place in on-campus classes.

This degree is connected with the Employer of Choice, which provides exposure to more than 350 industry partners and employers.

Regular activities are conducted with industry, such as guest speakers, industry-led site and property visits, and professional networking opportunities.

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 firsthand how the property markets and practices vary in different environments and/or cultures.

Global work, exchange and study experiences

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 associate degree and how they can be applied in your career are described in the learning outcomes.

View the learning outcomes for each stream:

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.

Major and minor structure

You will undertake 28 property-specific subjects, including four capstone subjects in your final year which bring together your knowledge into real work experiences. In addition, you will complete four elective courses, which can form a minor.

A minor consists of four elective courses (48 credit points), which are grouped together by discipline. The minor provides students with a secondary knowledge area within their degree. This provides students with the option to explore interests or to expand their knowledge in an area that will support their major.

Year 1

Be introduced to the property industry, forming the framework for the next four 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.

Year 2

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.

Year 3

You will build on the material of the 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 subject that will build the foundation for your research project in the fourth year.

Year 4

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.

Course structure

Choose a plan below to find out more about the subjects you will study and the course structure.

Bachelor of Property Development, Investment and Valuation (Honours)
Program code: BH113
Title
Location
Duration
Plan code
CRICOS
Bachelor of Applied Science (Property and Valuation) (Honours)
City Campus
4 years full-time
BH113
083947F
Location
City Campus
Duration
4 years full-time
Plan code
BH113
CRICOS
083947F
View plan
Bachelor of Applied Science (Property and Valuation) (Honours)
City Campus
4 years full-time
BH113
083947F
Location
City Campus
Duration
4 years full-time
Plan code
BH113
CRICOS
083947F
View plan
Bachelor of Property Development, Investment and Valuation (Honours)
City Campus
4 years Full-time
BH113P24
113429J
Location
City Campus
Duration
4 years Full-time
Plan code
BH113P24
CRICOS
113429J
View plan
Bachelor of Property Development, Investment and Valuation (Honours)
City Campus
4 years Full-time
BH113P24
113429J
Location
City Campus
Duration
4 years Full-time
Plan code
BH113P24
CRICOS
113429J
View plan

Please note: The BH113 plan is not available for commencing students.

Note: International student visa holders can only study full-time.

Career

As the largest employer in Australia, property forms the foundation of the economy. It’s 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, sport 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 investments for themselves and others.

Our graduates go on to work as:

  • property fund management and portfolio managers
  • property developers
  • property analysts or researchers
  • certified property valuers
  • asset and property managers
  • property consultants.

Previous graduates have worked for companies in Australia and abroad, including:

  • Development Victoria
  • Stockland
  • Valuer General Victoria
  • JLL
  • Oliver Hume
  • M3 property
  • Herron Todd White
  • Knight Frank
  • Lendlease
  • Mirvac
  • CBRE
  • Savills
  • Urbis
  • ISPT
  • GPT Group.
Expand all sections

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).

Admissions

You must have successfully completed the Victorian Certificate of Education (VCE) (or equivalent qualification).

Prerequisites

Victorian Certificate of Education (VCE) units 3 and 4:

  • a study score of at least 25 in English other than EAL; or
  • a study score of at least 30 in English (EAL)

or equivalent studies.

AND

Victorian Certificate of Education (VCE) units 3 and 4:

  • a study score of at least 20 in any Mathematics

or equivalent studies.

Rankings and adjustment factors

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.

Selection criteria by applicant type

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.

Expand all sections

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.

Adjustment factors available only to applicants currently studying Year 12

School Network Access Program (SNAP)

  • The SNAP access scheme is designed to increase tertiary participation by giving priority access to RMIT diploma and degree programs to eligible applicants currently studying Year 12 at a SNAP partner school.

Adjustment factors available only to applicants currently studying Year 12 or whose highest qualification is a completed Year 12.

Subject adjustments

  • A study score of 30 in English other than EAL equals 1 aggregate point per study. 
  • A study score of 25 in Physics equals 1 aggregate point. 
  • A study score of 25 in Maths: Mathematical Methods or Maths: Specialist Mathematics equals 2 aggregate points per study. 
  • Overall maximum of 4 points.

Regional adjustments

  • RMIT automatically allocates adjustment factors to applicants from a low socio-economic status area for all programs that select primarily on ATAR. 
  • Low socio-economic status areas are determined by applying the Australian Bureau of Statistics (ABS) Socio-Economic Index for Areas (SEIFA) Index of Education and Occupation.

Equity access schemes

  • Equity access schemes take into account personal information and location, difficult circumstances, disadvantaged financial background and disability or medical condition that may have impacted on an applicant’s most recent academic performance. 
  • This program has been recognised as being under-represented by female applicants. Additional adjustment factors may apply to those applying to category 1 of the Special Entry Access Scheme or RMIT access application.
  • Find out more about the eligibility requirements for each Special Entry Access Scheme and RMIT access categories.
  • If you are applying through VTAC you should apply for the Special Entry Access Scheme.
  • If you are applying directly to RMIT you should apply for RMIT Access. The system will prompt you to do this during your application.

Elite Athlete Program

  • The RMIT Elite Athlete Program supports eligible elite and emerging athletes to achieve sporting and academic excellence, allowing students to balance the demands of both their studies and their athletic responsibilities.

Aboriginal and Torres Strait Islander peoples

  • The Indigenous Access Program supports your application to RMIT through an informal interview process where you will receive help from the Ngarara Willim Centre. Additional consideration will be given if you have relevant life, work, education or training experience.

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:

  • Advanced Diploma: 81
  • Diploma: 72
  • Certificate IV: 54

Personal statement

You are encouraged to submit a personal statement of 300-500 words outlining:

  • your reasons for wanting to study this program
  • your intended career path
  • the personal strengths and attributes you will bring to the program
  • details of any related work or voluntary experience

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.

Special Tertiary Admissions Test (STAT)

You may satisfy the academic requirements by completing the STAT multiple choice. Your overall score will be converted to an equivalent ATAR and competitively ranked for selection.

Your STAT results are valid for two years prior to the commencement of your study.

If you are applying to RMIT as an applicant with vocational education and training 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.

You are still required to meet all other program prerequisites or equivalents.

Learn more about the STAT and STAT results.

You may be eligible for the following adjustment factors:

Equity access schemes

  • Equity access schemes take into account personal information and location, difficult circumstances, disadvantaged financial background and disability or medical condition that may have impacted on an applicant’s most recent academic performance. 
  • This program has been recognised as being under-represented by female applicants. Additional adjustment factors may apply to those applying to category 1 of the Special Entry Access Scheme or RMIT access application.
  • Find out more about the eligibility requirements for each Special Entry Access Scheme and RMIT access categories.
  • If you are applying through VTAC you should apply for the Special Entry Access Scheme.
  • If you are applying directly to RMIT you should apply for RMIT Access. The system will prompt you to do this during your application.

Elite Athlete Program

  • The RMIT Elite Athlete Program supports eligible elite and emerging athletes to achieve sporting and academic excellence, allowing students to balance the demands of both their studies and their athletic responsibilities.

Aboriginal and Torres Strait Islander peoples

  • The Indigenous Access Program supports your application to RMIT through an informal interview process where you will receive help from the Ngarara Willim Centre. Additional consideration will be given if you have relevant life, work, education or training experience.

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. 

Personal statement

You are encouraged to submit a personal statement of 300-500 words outlining:

  • your reasons for wanting to study this program
  • your intended career path
  • the personal strengths and attributes you will bring to the program
  • details of any related work or voluntary experience

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.

Special Tertiary Admissions Test (STAT)

You may satisfy the academic requirements by completing the STAT multiple choice. Your overall score will be converted to an equivalent ATAR and competitively ranked for selection.

Your STAT results are valid for two years prior to the commencement of your study.

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.

You are still required to meet all other program prerequisites or equivalents.

Learn more about the STAT and STAT results.

You may be eligible for the following adjustment factors:

Equity access schemes

  • Equity access schemes take into account personal information and location, difficult circumstances, disadvantaged financial background and disability or medical condition that may have impacted on an applicant’s most recent academic performance. 
  • This program has been recognised as being under-represented by female applicants. Additional adjustment factors may apply to those applying to category 1 of the Special Entry Access Scheme or RMIT access application.
  • Find out more about the eligibility requirements for each Special Entry Access Scheme and RMIT access categories.
  • If you are applying through VTAC you should apply for the Special Entry Access Scheme.
  • If you are applying directly to RMIT you should apply for RMIT Access. The system will prompt you to do this during your application.

Elite Athlete Program

  • The RMIT Elite Athlete Program supports eligible elite and emerging athletes to achieve sporting and academic excellence, allowing students to balance the demands of both their studies and their athletic responsibilities.

Aboriginal and Torres Strait Islander peoples

  • The Indigenous Access Program supports your application to RMIT through an informal interview process where you will receive help from the Ngarara Willim Centre. Additional consideration will be given if you have relevant life, work, education or training experience.

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.

Personal statement

You are encouraged to submit a personal statement of 300-500 words outlining:

  • your reasons for wanting to study this program
  • your intended career path
  • the personal strengths and attributes you will bring to the program
  • details of any related work or voluntary experience

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.

Special Tertiary Admissions Test (STAT)

You may satisfy the academic requirements by completing the STAT multiple choice. Your overall score will be converted to an equivalent ATAR and competitively ranked for selection.

Your STAT results are valid for two years prior to the commencement of your study.

If you are applying to RMIT as an applicant with work and 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.

You are still required to meet all other program prerequisites or equivalents.

Learn more about the STAT and STAT results.

You may be eligible for the following adjustment factors:

Subject adjustments

  • A study score of 30 in English other than EAL equals 1 aggregate point per study. 
  • A study score of 25 in Physics equals 1 aggregate point. 
  • A study score of 25 in Maths: Mathematical Methods or Maths: Specialist Mathematics equals 2 aggregate points per study. 
  • Overall maximum of 4 points.

Regional adjustments

  • RMIT automatically allocates adjustment factors to applicants from a low socio-economic status area for all programs that select primarily on ATAR. 
  • Low socio-economic status areas are determined by applying the Australian Bureau of Statistics (ABS) Socio-Economic Index for Areas (SEIFA) Index of Education and Occupation.

Equity access schemes

  • Equity access schemes take into account personal information and location, difficult circumstances, disadvantaged financial background and disability or medical condition that may have impacted on an applicant’s most recent academic performance. 
  • This program has been recognised as being under-represented by female applicants. Additional adjustment factors may apply to those applying to category 1 of the Special Entry Access Scheme or RMIT access application.
  • Find out more about the eligibility requirements for each Special Entry Access Scheme and RMIT access categories.
  • If you are applying through VTAC you should apply for the Special Entry Access Scheme.
  • If you are applying directly to RMIT you should apply for RMIT Access. The system will prompt you to do this during your application.

Elite Athlete Program

  • The RMIT Elite Athlete Program supports eligible elite and emerging athletes to achieve sporting and academic excellence, allowing students to balance the demands of both their studies and their athletic responsibilities.

Aboriginal and Torres Strait Islander peoples

  • The Indigenous Access Program supports your application to RMIT through an informal interview process where you will receive help from the Ngarara Willim Centre. Additional consideration will be given if you have relevant life, work, education or training experience.

Additional information

Expand all sections

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 a qualification recognised by RMIT as equivalent to the Victorian Certificate of Education (VCE) 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.

Entry score calculator
Minimum Score Required

Don’t meet the requirements?

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:

  • IELTS (Academic): minimum overall band of 6.5 (with no individual band below 6.0)
  • TOEFL (Internet Based Test - IBT): minimum overall score of 79 (with minimum of 13 in Reading, 12 in Listening, 18 in Speaking and 21 in Writing)
  • Pearson Test of English (Academic) (PTE (A)): minimum score of 58 (with no communication band less than 50)
  • Cambridge English: Advanced (CAE): minimum of 176 with no less than 169 in any component.

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.

Pathways

Animated character in front of RMIT pixel, with a flying degree above their head

Understanding pathways

Undertaking a certificate, diploma, advanced diploma or associate degree can help you meet the entry requirements for your preferred course. These qualifications often provide credit, reducing the duration of your bachelor degree.

Expand all sections

This course offers pathway options. If you don’t meet the entry requirements, a formal pathway might be your way in.

Guaranteed Pathways available

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.

Expand all sections

You are guaranteed entry into this program with 2 semesters of credit (equivalent to 96 credit points) when you successfully complete one of the following RMIT programs:

Alternatively, you can gain entry from RMIT Foundation Studies or a range of vocational study programs.

Coming from a partner institution?

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.

Fees

Expand all sections

2024 indicative fees

In 2024, the annual student contribution amount (tuition fee) you will pay for a standard year of full-time study is between AU$4,445 to AU$16,323*.

Additional expenses

  • Student services and amenities fee (SSAF): AU$351 maximum fee for 2024.
  • Other items related to your program, including field trips, textbooks and equipment.

Annual fee adjustment

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.

Defer your payment

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.

Paying your fees and applying for refunds

For information on how to pay your fees or how to apply for a refund, please see Paying your fees and applying for refunds.

Low completion rates

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.

How much can I expect to pay for my Commonwealth supported place?

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 2024. 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.

Maximum student contribution amount for Commonwealth supported places in 2024 for commencing students

Student contribution band by course (subject)

Maximum annual student contribution amount (per EFTSL) in 2024
Education, Postgraduate Clinical Psychology, English, Mathematics, Statistics, Nursing, Indigenous and Foreign Languages, Agriculture $4,445 per standard year
$555 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 $8,948 per standard year
$1,118 per standard (12 credit point) course
Dentistry, Medicine, Veterinary Science $12,720 per standard year
$1,590 per standard (12 credit point) course
Law, Accounting, Administration, Economics, Commerce, Communications, Society and Culture $16,323 per standard year
$2,040 per standard (12 credit point) course

Student Learning Entitlement

On 1 January 2022, the Government implemented the Student Learning Entitlement (SLE).

  • The SLE allows students 7 years of full-time subsidised study in Commonwealth Supported Places (CSP).
  • Your total SLE amount will be reduced in accordance with your overall study load in a CSP. 
  • Once you have utilised all your SLE, you can not longer study in a CSP.

For more information about SLE, visit Study Assist.

HECS-HELP Loans

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.

SA-HELP Loans

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.

How does a HELP loan work?

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 2024 is $351.  

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.

GPT Graduate Scholarship

For final year property and valuation degree students; worth $10,000 plus paid work experience.

Cheng King Law Scholarship

For vocational and undergraduate students studying property, accounting, commerce, economics, finance, and financial planning who are from a diverse background and/or can demonstrate circumstances which impact their study; worth up to $10,000 per year.

Bachelor of Applied Science (Property and Valuation) Scholarship

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.

Expand all sections

The annual tuition fee for 2024 is AU$40,320.

The total indicative tuition fee for 2024 commencement is AU$167,040.

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.

Applying for refunds

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.

Frequently Asked Questions (FAQs)

Looking for answers or more general information?

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.

aboriginal flag
torres strait flag

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.

More information
aboriginal flag
torres strait flag

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.

More information