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FIN328 Real Estate Analysis and Funding

This subject explores the foundations of commercial real estate investment analysis and the financing options for funding real estate investments. Specialist areas of the real estate market in Australia are discussed and valuation techniques are applied. The subject focuses on investment in the real estate sector from a financial and institutional investment viewpoint. This subject requires students to demonstrate their application and understanding of the real estate valuation and funding process through comprehensive assessments that evidence research activities undertaken.

This subject contributes to the investment management major.

For more information, please refer to the subject outline.

  • Learning outcomes
    • At the completion of this subject students should be able to:

      1. Evaluate aspects of the investment decision and investment environment relevant to real estate investment.
      2. Compare the application of different types of valuation techniques to various commercial real estate types.
      3. Explain debt and equity financing options for funding commercial real estate investments.
      4. Analyse listed real estate investment trusts (REIT) and the basis for comparing trusts within the sector.
      5. Evaluate technical and legal due diligence issues that must be considered when evaluating a real estate investment opportunity.
      6. Explain legal and taxation issues relevant to real estate investors including fund managers. 
  • Subject content
    • Topic Title
      Topic 1 Overview of real estate investment
      Topic 2 Real estate valuation techniques
      Topic 3 Real estate market sectors – Part 1
      Topic 4 Real estate market sectors – Part 2
      Topic 5 Real estate funding
      Topic 6 Real estate securities
      Topic 7 Technical and legal due diligence
      Topic 8 Legal environment
      Topic 9 Taxation

  • Assessment
  • Prerequisites
    • Students enrolling in a Masters level elective subject are assumed to have the pre-requisite knowledge in the three core subjects (FIN101, FIN102, FIN103 and FIN114 (for students enrolled before 2014)).

      Kaplan recommends that you complete the following Kaplan subject (or have a thorough working knowledge of the content) prior to enrolling in this subject:

      • FIN202 Fundamentals of Asset Valuation
  • Course transition subject equivalence
    • Students who transition from a SIA/Finsia/Kaplan course and have completed the following subject within the course completion time frame may not also complete the subject:

      • E133 Property Investment Analysis
      • FIN228 Real Estate Analysis and Funding
  • Reading list
    • There are no prescribed texts for this subject.

      Details of any required and further readings for this subject are provided in the subject room.  Purchase of any text other than a prescribed text is not required.