REST0006 Property Development and Feasibility Assessment 2 Group Assignment Term 2, 2025 | UNSW

REST0006 Assessment Description

As a group, you will select a commercial property development opportunity in an Australian capital city and undertake the design, planning, market analysis and feasibility study of the property development opportunity.

The assignment aims to work collaboratively as a team, leveraging a range of skills applicable to a property development team and develop financial analysis skills relevant to commercial property investment. As a group, you will be required to present a property development proposal for approval to the client.

You will produce a report and presentation, providing relevant details for the development opportunity along with a recommendation.

Course Learning Outcomes Addressed in this Task:

• CLO 1: Analyse the different phases of the Property Development Process
• CLO 2: Evaluate the implications of planning control, economic and market conditions on property development.
• CLO 3: Generate land value assessment and cash flow feasibility analysis using appropriate tools
• CLO 4: Assess the viability of property development projects

Relevance

This task prepares you for future learning by working as a development team in a real- world context, a practical approach to contemporary property development proposals. This task also helps with skills that many employers value, such as understanding, assessing and interpreting the town planning, development opportunities and the financial feasibility of a property development project.

How to Complete the Assessment:

1. As a group, select a commercial property development opportunity
2. Determine the roles and responsibilities of each group member. It is important to act as a development team and leverage individual expertise.
3. Data collection

a. Property
i. Size
ii. Zoning
iii. Development capacity
iv. Valuation
1. Land
2. Improvements

b. Tenancy schedule (existing and proposed)
i. Rents
ii. Occupancy Costs
iii. Lease terms and conditions

c. Market
i. Demand
ii. Rent and Occupancy benchmarks iii. Comparable Property evidence

d. Development
i. Construction Cost
ii. Consultant Costs
iii. Development Costs
iv. Finance
v. Timing

4. Development design proposal

5. Undertake a financial feasibility study, including a Discounted Cash Flow (DCF), calculating the Internal Rate of Return (IRR) and Net Present Value (NPV), incorporating appropriate discount rates, capitalisation rates, interest rates, construction and development costs, and income and expenditure schedules. 

6. Prepare and present a commercial property development report for the client.

Assessment Criteria