Bachelor of Applied Science (Property and Valuation) (Honours)
DurationFull-time 4 years
This honours degree establishes deep understanding and knowledge in property development, asset management, valuation, funds management and investment for property industry careers.
RMIT’s Bachelor of Applied Science (Property and Valuation) (Honours) will provide you with thorough understanding of the property sector, and allow you to specialise in all subsets of property and valuation.
The degree focuses on developing critical skills to understand the features and characteristics of a diverse range of property types and investment instruments.
What you will gain through this program
A firm understanding of property fundamentals including valuation, property management, development and investment markets is crucial to succeed in the property industry.
In this degree you will gain this foundational knowledge as well as the competency to identify, analyse and resolve problems relating to business in general, and property and valuation in particular.
Why study a Bachelor of Applied Science (Property and Valuation) (Honours) at RMIT?
More than four decades of experience in property education, and active connection with the property industry, gives RMIT's Property and Valuation teaching staff strong insight into trends occurring within the property professions.
Academic and teaching staff members are actively involved with professional industry bodies and regularly liaise with industry and employers.
This industry accredited degree has been developed to reflect the skills that employers and professional organisations are looking for in graduates.
The majority of classes are held within spaces specifically designed to enable prime class interaction. You will attend lectures, tutorials, workshops as well as site visits to industry partners such as Oliver Hume, Red23, Development Victoria, Stocklands and others.
The majority of staff members that teach in this program have been industry leaders within their specific disciplines, including aviation, government, funds management, investment and others. Industry experts conduct the specialist valuation courses.
Ongoing assessment throughout the semester includes examinations, essays, reports, oral classes, presentations, industry projects, research projects and practical assignments.
The program features capstone projects which include an industry-focused research thesis, an investment project and an in-depth property development.
Full-time students are expected to attend a minimum of 12 hours of classes and undertake approximately 36 hours of extra study and research per week.
All programs are delivered in English. You will have access online and digital resources through the myRMIT student portal.
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 throughout the academic year, such as guest speakers from industry, or professional networking opportunities.
You are encouraged to undertake work experience in your 3rd and 4th year. 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. It is required to complete a minimum number of hours over a semester and you to keep a work experience journal.
RMIT University is committed to providing you with an education that strongly links formal learning with professional practice.
Students have the option to study overseas for a semester as an exchange or Study Abroad student.
Over the last 10 years students have completed global intensives in the UAE (predominantly Dubai and Abu Dhabi), Singapore, Hong Kong, Fiji and New Zealand. These tours allow you to see first hand how property developments are conducted in different environments and/or cultures.
RMIT’s Global Experience Office supports students to undertake an exchange or short term mobility activity with over 165 partner universities worldwide.
You will undertake 28 property-related courses within a broad business and management context, offering you a breadth of variety and specialisation of knowledge. You will develop an understanding of, and the ability to identify, analyse and resolve problems relating to, the property profession.
Be introduced to the property industry, forming the framework for the following 3 years. You will be provided with an overview of property principles, valuation techniques and property investment strategies. You will also be taught basic construction and project management skills 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 deeper 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 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 3 capstone projects:
- an industry-focused property research thesis
- an investment project
- an in-depth property development.
Choose a program structure
|Bachelor of Applied Science (Property and Valuation) (Honours)||City Campus||
4 years full time
4 years full time
Choose a program structure
Program code: BH113
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.
The economy may rise or fall but in all economic environments, there is a need for people skilled in managing, protecting and growing the investments of others.
Description of careers with the property industry:
- Property fund, portfolio or asset managers - are responsible for the strategy of a large portfolio of investment properties such as shopping centres, office buildings or industrial complexes. They can make decisions and recommendations to their employer or clients on property portfolio management and property investment/finance matters.
- Property developers - are involved in the various property development stages, from the initial proposal to the disposal of the developed property. The process and activities require entrepreneurial flair, along with a sound understanding of the financial returns, financing options, government planning requirements, marketing and negotiation skills. Graduates can opt for self-employment or working for small to large organisations to maximise financial returns from their property holdings.
- Property analysts or researchers - are employed by private organisations such as real estate companies, insurance companies, property developers, banks and other financial institutions, or by government departments. They may also be self-employed as private consultants.
- Property valuer - deal with all aspects of property valuation, including land and improvements, in all asset classes such as residential, commercial, retail, industrial, special purpose and rural properties.
This program 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 program 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).
*ATAR refers to the lowest selection rank to which an offer was made (including consideration of any adjustments).
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.
RMIT admits students from a range of educational pathways, including Year 12 results, previous higher education or vocational education study, work experience, and for some programs - interviews, auditions or portfolios.
Gain a better understanding of the Admission criteria for this program by viewing RMIT’s Admission information.
The highest level of education you have previously completed will determine which category applies to you.
Entry to this program is competitive. Applicants are ranked and selected in order of merit based on their academic achievement, e.g., ATAR or GPA (including any adjustments).
Applicants with recent secondary education (current or within the past two years)
Successful completion of an Australian Year 12 senior secondary certificate of education or equivalent in 2016, 2017 or 2018. If applicable, this includes equity access schemes and any other adjustment factors.
School Network Access Program (SNAP)
The SNAP access scheme is designed to increase tertiary access and participation of eligible students from SNAP partner schools.
Applicants with Vocational Education and Training study
Satisfactory completion of an Australian Certificate IV or above (or equivalent).
Applicants must satisfy the Year 12 Mathematics prerequisite or have completed equivalent tertiary study in mathematics.
Applicants with Higher Education study
Satisfactory completion of at least two courses (subjects) at an Australian undergraduate level (or overseas equivalent).
Applicants must satisfy the Year 12 Mathematics prerequisite or have completed equivalent tertiary study in mathematics.
Applicants with Work and Life Experience
Successful completion of an Australian senior secondary certificate of education (Year 12) or overseas equivalent.
Prerequisites: 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.
Applicants may satisfy the English prerequisite by acheiving an overall score of at least 155 in the STAT multiple choice.
If you are not studying year 12 in 2018 you should submit a personal statement outlining:
- your reasons for wanting to study the program
- your intended career path
- your personal strengths and attributes relevant 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, e.g. ATAR.
Aboriginal and Torres Strait Islander peoples
The Indigenous Access Program will support your application into RMIT programs through an informal interview process with support from the Ngarara Willim Centre. Your relevant life, work, educational and training experience as preparation for study, in addition to any formal qualifications, are all considered.
Elite Athlete Program
The RMIT Elite Athlete Program (REAP) supports elite athlete and emerging athletes to achieve sporting and academic excellence.
You must have successfully completed an Australian Year 12 (or equivalent senior secondary school qualification) with a minimum 65% average (check 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.
To study this program 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 (Paper Based Test): minimum score of 580 (TWE 4.5)
- 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 Advanced Plus Certificate at RMIT English Worldwide.
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). Selection is based on academic merit and credit is not guaranteed.
Alternatively, you can gain entry from a range of vocational study programs.
In 2019, the annual student contribution amount (tuition fee) you will pay for a standard year of full-time study is between AU$6,566 to AU$10,958*.
* 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.
Student services and amenities fee (SSAF): AU$303 maximum fee for 2019.
Other items related to your program, including field trips, textbooks and equipment.
Fees are adjusted on an annual basis and these fees should only be used as a guide.
Learn more about fees for undergraduate study.
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.
All undergraduate and honours degrees have Commonwealth supported places (CSP) available. In 2019, the annual student contribution amount (tuition fee) you will pay for a standard year of full-time study is between AU$6,566 to AU$10,958.
In a CSP, your tuition fees are subsidised by the Australian Government. Your share of the fee (student contribution) is set each year by the Australian Government and is determined by the discipline areas (bands) of the courses in which you enrol, not the overall program.
How much can I expect to pay for my Commonwealth supported place?
Courses (subjects) fall into one of three bands. 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 2019
Student contribution band by course (subject)
Maximum annual student contribution amount in 2019
Band 1: humanities, behavioural science, social studies, clinical psychology, foreign languages, visual and performing arts, education, nursing
$6,566 per standard year
Band 2: mathematics, statistics, computing, built environment, other health, allied health, science, engineering, surveying, agriculture
$9,359 per standard year
$10,958 per standard year
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.
How does a HELP loan work?
If your HECS-HELP and/or SA-HELP loan application is successful, the Australian Government will pay RMIT, on your behalf, up to the full amount of your fees. This amount will become part of your accumulated HELP debt.
You will 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.
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 2019 is $303.
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.
In addition to tuition fees you also need to pay for:
- Student services and amenities fee (SSAF) in each calendar year.
- Overseas Student Health Cover (OSHC) - Student visa holders must have cover for the total duration of their visa.
- Some programs incur additional expenses.
You also need to account for your living expenses. Estimate the cost of living ;in Melbourne.