Deakin University program

Property and Real Estate Context

Welcome to this Deakin University unit, MMP713: Property and Real Estate Context, where we will explore the property market.

Property and Real Estate Context

This program is part of the Property and Real Estate degree offered by Deakin University

Welcome to the program

This unit aims to give an understanding of the property market including land economics, urban economic geography, and valuation in the broader property market.

On completion, students should be able to:

  • evaluate the property market and sub-markets by applying financial concepts and taking into account local (urban) issues such as expectations for growth

  • prepare a ‘property market’ report

  • prepare property valuations using the three primary approaches to valuation

  • explain the role of property in the built environment, urban planning, investment environment, design and construction.


5 courses

Delivered by expert academics

Deakin University is Australia’s eighth largest university with more than 53,000 students from more than 100 countries studying online and on-campus. With world-class teaching and research, Deakin produces sought-after graduates poised to make a real difference in the world.

Who will you learn with?

Tom Keel

Tom Keel

Tom has an MBA and a B.Bus degree and enjoys a diverse career in education, business and development. He has been lecturing in property at Deakin for over three years.

Bill Dimovski

Bill Dimovski

DBA MBA BBus CPA AAPI. Bill has worked at the University for over 30 years, mostly part-time, allowing him to develop/build over 1200 residences and shops plus be involved in many land subdivisions.

Learning outcomes

  • Define and explain the basic concepts, valuation methods and language of property.

  • Critically analyse markets, growth in the markets and factors affecting property prices, using property language.

  • Estimate the price of property, using various methods including a comparison of sales approach.

Benefits of studying with Deakin University


Whether you're studying forensic science, teaching dance or you're a member of the public with an interest in mechatronics engineering, we've got what you need.

Study support

Whether you want to improve your general study skills or you need help on a tricky assignment, there's plenty of support available. As a Deakin student, every aspect of your study will be supported by online resources, student mentors and, of course, our staff.

Health and wellbeing

At Deakin, you get support every step of the way. For health or mental wellbeing services, healthcare professionals are on hand. We take care of your needs so you can enjoy life at Deakin.


Maybe you're going after your dream job, or perhaps you're still exploring your career options. Deakin offers the exclusive Job Search Essentials platform, which holds career resources to help plan your future.

Want to know more?

Tell us more about you

Please answer the questions below to help Deakin University give you the right information about further learning with them.

What are you most interested in finding out more about?

By submitting this form you agree to FutureLearn processing and sharing the information you’ve given us here, along with your name and email address, with Deakin University; and to Deakin University and their representatives getting in touch with you.

By registering you agree to the Deakin University privacy policy.