ASSIGNMENT 1
Property valuation report
30 Marks
PURPOSE OF ASSIGNMENT 1
The purpose of this assignment is to enable you to:
• Apply the processes and techniques used in development and investment appraisal and the economic evaluation of complex building projects.
• Evaluate and recommend the processes and techniques used to prepare property valuation reports.
ASSIGNMENT TASK
Appraisal is about estimating the worth of something. Building development appraisal thus involves the preparation of a developer’s budget to:
• Assess the viability of a development project
• Perform sensitivity analysis that evaluate the possible impact of different economics and financial factors, and
• Appraise residual figures, such as the likely profit on the development or how much money is needed to buy the site while remain profitable.
You are required to submit a professional report that values a site for a retail property development. The report must document processes and techniques used in the economic evaluation of a proposed retail development.
Please note that the assignment task is about working out the possible value of a site, not a building. You can select an appropriate site on some property websites, such as Pricefinder (https://www.pricefinder.com.au/), Commercial Real Estate (https://www.commercialrealestate.com.au/).
ADDITIONAL INFORMATION
This is an assignment that is to be submitted and marked as an individual. The assignment must be submitted as a cohesive Property Valuation Report, not as a series of documents. It requires an Executive Summary and Table of Contents. Sample property valuation reports have been uploaded to the unit site.
FORMAT OF ASSIGNMENT
This assignment should be presented as a single pdf document, and should be presented as a well formatted and structured report that reflects professionalism in language, layout, formatting and writing style. The submission is a Property Valuation Report of approximately 2000 words exclusive of diagrams, photos, tables and references.
ASSESSMENT SUBMISSION
Submission of the Property Valuation Report is required on 20th August 2019 by 3.00pm AEST through CloudDeakin.
ASSESSMENT CRITERIA
A detailed rubric is provided on the next page.
© Deakin University Trimester 2, 2019
Assignments
ASSESSMENT CRITERIA
HD D C P N
Total
Content Outstanding or exceptional report demonstrating high level research and
critical analysis showing you understand the valuation process. Quality report demonstrating high level research and
critical analysis showing you understand the valuation process.
Quality report demonstrating a good level of research and critical analysis showing you understand the valuation process.
A report demonstrating basic research and critical analysis showing you have some understanding of the valuation process.
A report demonstrating inadequate research and lack of critical analysis. While it identifies and explains a limited understanding of the valuation process the discussion is inadequate. 90
Communication and
Presentation Report is well formatted to workplace standard, and appropriate to information, minimal or no spelling or grammatical errors. Correctly referenced. Report is formatted to workplace standard and appropriate to information. Some spelling or grammatical errors.
Correctly referenced. Report is formatted to workplace standard, some spelling or grammatical errors. Referencing may or may not be correct. Report is adequately formatted and contains errors, and may include errors in referencing. Report is not formatted to workplace standard. 10
Total marks available 100
© Deakin University Trimester 2, 2019