Unit Synopsis
In this unit you will focus on valuations undertaken for statutory purposes, including the valuation of property for compulsory acquisition as well as rating and taxation valuations. You will examine the relevant legislation, theory and procedures relating to land acquisition, compensation and revenue raising. You will develop practical skills in statutory valuation and be able to prepare valuations for compensation.
Details
| Level | Undergraduate |
|---|---|
| Unit Level | 3 |
| Credit Points | 6 |
| Student Contribution Band | SCA Band 4 |
| Fraction of Full-Time Student Load | 0.125 |
| Pre-requisites or Co-requisites |
Prerequisite: PROP11001 Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework). |
| Class Timetable | View Unit Timetable |
| Residential School | No Residential School |
Unit Availabilities from Term 1 - 2026
Term 2 - 2026 Profile
Attendance Requirements
All on-campus students are expected to attend scheduled classes - in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
Recommended Student Time Commitment
Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.
Assessment Tasks
| Assessment Task | Weighting |
|---|---|
| 1. Written Assessment | 50% |
| 2. Take Home Exam | 50% |
This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%).
Past Exams
All University policies are available on the Policy web site, however you may wish to directly view the following policies below.
This list is not an exhaustive list of all University policies. The full list of policies are available on the Policy web site .
Term 2 - 2025 : The overall satisfaction for students in the last offering of this course was 50.00% (`Agree` and `Strongly Agree` responses), based on a 20% response rate.
Feedback, Recommendations and Responses
Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.
Source: Previous student feedback
Real world focus
Each year the main assignment adopts a real property with either a hypothetical or real proposal to compulsorily resume/acquire. The authenticity is appreciated by the students and the approach is to continue.
The assessment program retains a real life case study.
Source: Industry engagement
Embedding property technologies and AI
Advances in property technologies and specifically AI the practice of statutory valuation is changing. These are considered and embedded in the weekly sessions. The industry advances is need to be closely monitored and may lead to a refocus in the targeted skills development.
Property technologies and advances are embedded in the unit content and updated. There may be potential to more formally address this introduction elsewhere in the unit information.
Source: SUTE Teacher Evaluations, 2025
'I really loved the voice feedback for assignments.'
While assessments may evolve to accommodate artificial intelligence (AI) feedback by way of rubric supported by formative audio responses appears effective and will be continued.
In Progress
Source: Industry engagement
Embedding property technologies and AI
Advances in property technologies and specifically AI have the practice of statutory valuation changing. The changing practice and tools are discussed and demonstrated in class. There is potential to more formally address this change elsewhere in the unit information, outcomes and assessment.
In Progress
On successful completion of this unit, you will be able to:
- Apply the major legal concepts related to statutory valuation to real situations
- Identify the valuation approaches applicable to rating valuations throughout Australia
- Research at relevant government offices and internet provider services
- Demonstrate the responsibilities involved in statutory valuation practice.
The Australian Property Institute (API) has accredited this unit as part of the Bachelor of Property course. This unit contributes to the core knowledge field of the API in Statutory Valuation. The learning outcomes for the unit and the assessments have been designed around the accreditation requirements.
| Assessment Tasks | Learning Outcomes | |||
|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |
| 1 - Written Assessment | • | • | • | • |
| 2 - Take Home Exam | • | • | • | |
| Graduate Attributes | Learning Outcomes | |||
|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |
| 1 - Communication | • | • | ||
| 2 - Problem Solving | • | • | • | • |
| 3 - Critical Thinking | • | • | • | • |
| 4 - Information Literacy | • | • | • | • |
| 6 - Information Technology Competence | • | • | • | |
| 8 - Ethical practice | • | • | • | |
| 10 - Aboriginal and Torres Strait Islander Cultures | • | • | ||
| Assessment Tasks | Graduate Attributes | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 10 | |