Introduction to Property

This Bachelor of Design subject is designed to introduce basic concepts in property and explores the dynamics of the market in relation to major themes that dominate modern discourse. Students are introduced to the various legal, economic, and social systems that affect property as well as theories and practices related to decisions about the control, transfer, and development of the built environment. The subject also considers the range of issues that need to be resolved in property rights as they relate to tensions between individual versus collective rights. These include Terra Nullius and native title, individual rights, collective rights, and mechanisms for contesting or modifying rights. A core principle underlying the subject is the interaction of property with economic, environmental, and social factors. Three building blocks of the subject are: conceptualisation of property and property markets, considerations for property values and approaches for analysing property decisions. This is a foundation subject and is meant for students who are relatively new to the property education.