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This content is taken from the Deakin University's online course, What Influences Property Values?. Join the course to learn more.

Skip to 0 minutes and 6 seconds Hello everyone. My name is Bill Dimovski from Deakin University in Geelong, Australia. In terms of academic qualifications, I have a Doctor of Business Administration, an MBA, Bachelor of Business, and I’m a Certified Practicing Accountant, an Associate of the Australian Property Institute, a Registered Tax Agent, and a Registered Domestic and Commercial Builder. I have taught and researched at the University for over 30 years, most of that part-time. And for the other part, I’ve been involved in building over 1,000 residences and shops, and been involved in many subdivisions of land. I believe understanding property is important, because not only does it provide shelter, but it provides a place of sanctuary and of comfort.

Skip to 0 minutes and 54 seconds Owning and investing in property also enhances one’s wealth and standard of living. While this Unit will mostly concentrate on residential property, later programmes will discuss commercial properties in more detail. Do ownership structures and taxation, neighbourhoods and market areas, the robustness of the national and local economy influence property values? Apart from the cost of land, how did construction costs, stamp duty, and borrowing costs influence residential property prices? What are the techniques for estimating the values of income producing and non-income producing properties? Throughout the course, you’ll be asked to reflect on your own situation, participate in discussion, and review, and analyse relevant material. We encourage you to actively participate.

Skip to 1 minute and 48 seconds At the end of every Step, you will be asked to reflect on a question or investigate a topic and share with others in the comments. Being able to understand the language of property and delving into what gives property its value, is what this property and real estate context course is about. I hope you enjoy it and learn something from it.

Let's get started

The short answer is supply and demand.

Property supply and demand is influenced by numerous factors. In this program, we unravel characteristics of property to better estimate value.

In order to understand property value, it is important to be able to understand the property market including land economics, urban economic geography and the role valuation plays in the broader property market. This course has been designed to give you an overview of this and as such, you will:

  • discover the major characteristics that give property its value
  • explore how these characteristics affect the value of property.

View the course map to review all of the learning activities.

Meet the team

Your lead educator in this course is Associate Professor Bill Dimovski from Deakin University’s Department of Finance. Bill has over 30 years of experience in both Higher Education and Property Development. Bill has been part-time at Deakin teaching and researching Corporate Finance, Financial Modelling and Real Estate for 30 years. He has also built over 1000 residences and shops and been involved in many land subdivisions.

The team also includes educator Tom Keel.

Select their names to find out more about each team member and ensure you follow them for course updates, feedback and discussions. You can also meet and follow fellow learners by reading through their introductions on the course welcome page.

Professional development

If you’re completing this course to help develop your career, the Statement of Participation and the Certificate of Achievement provide evidence of your interest and understanding in this area. Available in both printed and digital formats, they can be easily shared online. To be eligible for the certificate, you must mark at least 90% of the steps in this course as complete and achieve 70% or above in the test at the end of this course. You can view your progress on the progress page.

This course is also part of a unique set of postgraduate degrees from Deakin University in Australia. Find out how you can use this course as an introduction to a Graduate Certificate in Property and Real Estate.

General Advice Warning

The information contained in this unit and the unit materials has been prepared for educational purposes and is general in nature. It is not a substitute for professional advice. Where appropriate you should seek professional advice specific to your particular situation. Taxation, legal, planning and other matters referred to in this unit are of a general nature only and are based on Deakin’s interpretation of laws and regulations existing at the time of delivery. Those laws may change from time to time.

Although every effort has been made to verify the accuracy of the information contained in this unit and the unit materials, Deakin, its officers, employees and agents disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy in, or omission from the information contained in the unit materials or any loss or damage suffered by any person directly or indirectly through relying on this information.

Your task

After you watch the welcome video by Bill, introduce yourself in the comments section and reflect on the experiences you have had with investing in property either as a main residence or an income producing investment.

Share your experiences with your peers in the comments section. To get to know your peers, review what others have posted and select “Like” to let other students know that you agree with their comments. If you are intrigued by other students and want to know what else they have to say, use the “Follow” feature, to be informed of when they post other comments.

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This video is from the free online course:

What Influences Property Values?

Deakin University

Get a taste of this course

Find out what this course is like by previewing some of the course steps before you join: