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333-307 Real Estate Finance | |
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Credit Points | 12.5 |
HECS Band | 2 |
Coordinator | Associate Professor G Schwann |
Prerequisites | 333-201 Business Finance. |
Semester | 2 (view timetable) |
Contact | Three hours per week |
Subject Description | Real estate is the largest asset class in the investment universe. It consists of everything from the single-family home to real estate-backed derivative products. This course introduces the specialised economic and financial principles needed for portfolio and investment decision-making for this diverse asset class. Potential topics include techniques in real estate financing, the choice of discount rates, capital structure in residential and commercial real estate markets, innovations in real estate financing, the microstructure issues in real estate markets, contingent claims and real options in real estate markets, lease contracts and the valuation of options imbedded in leases. |
Assessment | A 3-hour end-of-semester examination (70%) and assignments totalling not more than 5000 words (30%). |
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