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 from a financial and institutional investment viewpoint. It discusses specialist areas of the real estate market in Australia and applies appropriate valuation techniques to those areas. Taxation, the legal environment and due diligence in the sector are also explored. Students demonstrate their application and understanding of the real estate valuation and funding process through comprehensive assessments that are based on hypothetical scenarios.

For more information, please refer to the subject outline.

  • Learning outcomes
    • On successful completion of this subject, individuals should be able to:

      1. Evaluate aspects of the investment decision and investment environment relevant to real estate investment.
      2. Critically analyse the application of different types of valuation techniques to commercial real estate.
      3. Determine the debt and equity financing options for funding commercial real estate investments.
      4. Critically 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. Review the 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

  • Duration
    • The duration of this subject is one study period (12 weeks).

  • Assessment
  • Prerequisites
    • There are no prerequisites for this subject. However, individuals should review the ‘Assumed Knowledge’ tab to understand the prior knowledge Kaplan advises they should hold before enrolling in this subject.

  • Assumed knowledge
    • Whilst there are no prerequisites for this subject, Kaplan assumes that individuals have completed FIN202 Fundamentals of Asset Valuation, or understand the content covered in this subject, prior to undertaking FIN328 Real Estate Analysis and Funding.

  • Course transition subject equivalence
    • Individuals are not required to complete this subject if they have transitioned from a SIA/Finsia/Kaplan course and have completed the following subjects:

      • E133 Property Investment Analysis
      • FIN228 Real Estate Analysis and Funding.
  • Reading list
    • There is no prescribed text for this subject. Individuals are provided with key readings and access to Kaplan’s online databases. Individuals are encouraged to research and read widely on the topic.