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Master of Property

Become a specialist in property development and management

The Master of Property is a professional degree to help develop your career in the property industry. You will gain advanced knowledge in:

  • Property valuation and analysis
  • Development and management of property
  • Professional practice in a property context

The Master of Property offers you flexibility so you can take a two-year program if you already have a three-year undergraduate degree in property or the three-year program if your first degree is not in property and you are making a career change.

Accreditation

The Master of Property meets the requirements of the professional associations listed below and undergoes a regular formal review process to ensure the quality and relevance of the program.

  • Australian Property Institute (API)
  • Royal Institution of Chartered Surveyors (RICS)

Completing an accredited degree means you enter the workforce with a stamp of quality on your CV.  In a competitive market, an accredited degree is an assurance of quality to employers and an advantage for you. For us, it means we continually strive to improve the quality of the degree in order to retain accreditation. So, you know you are getting the most up-to-date and innovative educational experience.

Program Overview

You complete a range of core courses covering all the property fundamentals including:

  • Property development
  • Property law
  • Facility management
  • Advanced property analysis
  • Statutory valuation
  • Property agency and marketing
  • The economies of cities and regions

You can then enhance this fundamental knowledge with six property electives and two cross-disciplinary courses from the relevant fields of urban design, urban planning, architecture and landscape architecture. This means you enter the workforce with a well-rounded knowledge base and the skills to work effectively in multidisciplinary project teams.

If you are taking the three-year program, you will take five property subjects and three economics and commerce subjects before moving on to the final two years.

Career Outcomes

Once you graduate with the Master of Property you may go on to work as a:

  • Property valuer
  • Land economist
  • Property manager
  • Property analyst
  • Property investment adviser
  • Property development adviser

Graduates from the Master of Property at MSD have gone on to work at many firms in Australia and across the world including:

  • Lend Lease Development
  • KPMG
  • GSK Global, Singapore
  • Jones Lang LaSalle, Taipei City
  • Deloitte
  • AMP Capital Investors
  • WT Partnership
  • Mirvac Group
  • CB Richard Ellis, Shanghai
  • Macquarie Bank
  • PT Sinar Pancang Indonesia, Jakarta

 

MASTER OF PROPERTY

STUDENT PROFILES

 

Sarah Williamson
Master of Property student

‘’I really enjoy the diversity of subjects available in the Master of Property. The degree has enabled me to pursue a part time career in a retail leasing company while studying for my Masters. I have also worked as an Asset Manager in a boutique property and fund management company where I sourced and conducted feasibility studies on commercial properties throughout Australia, we then purchased suitable properties to develop syndicates for investors. ”

The Master of Property is offered over two or three years depending on your academic background.

Study the Master of Property over two years

  • Duration: 2 years full-time / 4 years part-time
  • Intake: Semester 1/Semester 2
  • Study mode: On-campus only – Parkville campus
  • Academic background: you already have a three-year undergraduate degree in property

Study the Master of Property over three years

  • Duration: 3 years full-time / 6 years part-time
  • Intake: Semester 1/Semester 2
  • Study mode: On-campus only – Parkville campus
  • Academic background: you have completed an undergraduate degree but it is not in property

Global Study Opportunity: International Property Development

As one of your electives, you will have the opportunity to undertake International Property Development where you travel to a number cities over an intensive period to explore the way in which the property industry operates differently in different places.

With a team of fellow students, you will visit Hong Kong, Shanghai, Beijing, Tokyo and Singapore and gain the following:

  • An international perspective on property and construction
  • An understanding of industry operations in several Asian countries
  • The ability to compare international property and construction markets
  • An understanding of alternative cultural drivers in the property and construction industries

You will cover a range of property and construction topics including project inception, project finance, project valuation and appraisal, development appraisal, urban planning policies and permits, project procurement and delivery, construction planning and management, construction technology and services, construction methods and equipment, construction and leasing contracts, and associated legal matters.

You will be required to arrange and pay for your own travel, accommodation and incidentals.

Sample program structure

Master of Property
Financial ManagementProperty Markets and Valuations

Fundamentals of Built Environment Law

Accounting for Decision MakingProperty Resources and ManagementConstruction Studies

Property Development

Property Law (PG)

The Economies of Cities and Regions

Property Elective

Statutory Valuation (PG)Advanced Property AnalysisProperty ElectiveMultidisciplinary Elective

International Real Estate Economics

Property Research and AnalysisProperty ElectiveMultidisciplinary Elective

Corporate Real Estate Management

Property Investment

Research Thesis - Property OR
Property Industry Internship

Property Elective

*Please note that this course structure is indicative only. Students will select their subjects in consultation with a course advisor.

More information on the program structure and courses available in the University Handbook

 

Electives

Electives offer you the chance to delve into areas of special interest to you and develop expert knowledge. You will choose four electives from the following list and take two further electives from any of those offered across the Melbourne School of Design:

    MASTER OF PROPERTY

    STUDENT PROFILES

     

    Sarah Williamson
    Master of Property student

    ‘’I really enjoy the diversity of subjects available in the Master of Property. The degree has enabled me to pursue a part time career in a retail leasing company while studying for my Masters. I have also worked as an Asset Manager in a boutique property and fund management company where I sourced and conducted feasibility studies on commercial properties throughout Australia, we then purchased suitable properties to develop syndicates for investors. ”

    Study Property over two years:

    • Duration: 2 years full-time / 4 years part-time
    • Study mode: On-campus only – Parkville campus
    • Intake: Semester 1/Semester 2
    • Academic background: You have a three-year undergraduate degree in property

    You need to meet the following criteria for successful entry to the program:

    • An undergraduate degree in a relevant area with a weighted average of at least 65%; and
    • A personal statement of up to 500 words outlining relevant prior study and work experience, and motivation to undertake the program

    The Selection Committee may conduct interviews or tests and may call for referee reports and employer references to clarify any of the points above.

    See how to apply

    Study Property over three years:

    • Duration: 3 years full-time / 6 years part-time
    • Study mode: On-campus only – Parkville campus
    • Intake: Semester 1/Semester 2
    • Academic background: You have a three-year undergraduate degree in any discipline

    You need to meet the following criteria for successful entry to the program:

    • An undergraduate degree in any area with a weighted average of at least 65%, or equivalent; and
    • A personal statement of no more than 500 words outlining relevant prior study and work experience, and motivation to undertake the program

    The Selection Committee may conduct interviews or tests and may call for referee reports and employer references to clarify any of the points above.

    See how to apply

    MASTER OF PROPERTY

    STUDENT PROFILES

     

    Sarah Williamson
    Master of Property student

    ‘’I really enjoy the diversity of subjects available in the Master of Property. The degree has enabled me to pursue a part time career in a retail leasing company while studying for my Masters. I have also worked as an Asset Manager in a boutique property and fund management company where I sourced and conducted feasibility studies on commercial properties throughout Australia, we then purchased suitable properties to develop syndicates for investors. ”