BUSINESS & ECONOMICS
Master of Property Practice (Online)
Advance your skills, knowledge and understanding of property management, development and valuation and accelerate your career in property and related fields.
3 years (part-time) – 1 course per quarter.
18 months (full-time) – 2 courses per quarter. Q2 start only.
1 year (full-time, accelerated) – 3 (15 point) courses per quarter. Q2 start only.
Next start dates
- Q2: 8 April 2024 (Applications close 25 March)
- Q4: 23 September 2024 (Applications close 9 September)
The Master of Property Practice (MPropPrac) is for recent graduates and mid-career professionals who either want to enter the property industry, or work in the property industry and do not hold a Bachelor of Property.
The MPropPrac is a flexible, practitioner-focused degree that will equip you with advanced knowledge and understanding of valuation, marketing, management, development, construction, law, finance and economics. Throughout this programme, you will be able to develop personal and professional skills and build networks as you collaborate with others in formulating ethically sound and environmentally responsible solutions to property issues. If you do not have a previous qualification in property and are keen to enter the industry, or if you would like to enhance your property career progression, this programme is for you!
Specifically for industry professionals and recent graduates without a qualification in property, the Master of Property Practice will advance your practical and theoretical skills, knowledge and understanding of property management, development and valuation, as well as accelerate your career in property and related fields.
The Master of Property Practice comprises 11 courses. Each course runs over a 10-week quarter, allowing you to complete this programme in either 1 year (full-time), 2 years (full-time), or 3-years (part-time). You have the option to either take one course at a time, two courses or three courses (15 point only).
To complete the MPropPrac, you will complete PROPPRAC 700-709 and either PROPPRAC 778 or PROPPRAC 779.
The 2024 Quarters are scheduled as follows:
Quarter 1: 8 January
Quarter 2: 8 April (new student intake)
Quarter 3: 1 July
Quarter 4: 23 September (new student intake)
|PROPPRAC 700||Management and Marketing||Achieving optimum performance from property assets is a multi-faceted process involving leases, financial structures, marketing, and occupier demand. Budgeting, operational expenditures, and capital expenditures will be introduced within the property context. An understanding of health and safety issues as well as leases will be provided.||15|
|PROPPRAC 701||Sustainable Construction||Knowledge of construction is vital in understanding property valuation, property management and property development. Building materials, structural options, and building services have a strong influence on how a property performs both financially, functionally and environmentally. Provides general construction knowledge and an understanding of the construction process in context of buildings’ impact on the environment.||15|
|PROPPRAC 702||Planning and Development||Property Development is approached from a practical perspective on the development process pathway from vision to commissioning and including the navigation of development controls and other land use restrictions in district plans. Analysis and feasibility are key skills that will be developed with case study illustration and a practical assignment. Design management, consenting, leadership, procurement and delivery will be covered including communication and sustainability.||15|
|PROPPRAC 703||Law and Governance||Fundamental legal principles and issues affecting the property professional will be considered including contract law, common form contracts found in the property industry (including leasing, transfer, and valuation) land ownership and professional liability. Key property-focused governance concepts, practices, structures and mechanisms are studied.||15|
|PROPPRAC 704||Property Market Dynamics||The supply and demand characteristics of urban developments have impacts on not only the price and availability of property, but on how we live and work. Development economics, urban policy, and land-use economics inform and guide decisions of property professionals, policy makers, and occupiers who shape the built environment.||15|
|PROPPRAC 705||Investment and Finance||Financing represents a fundamental part of how properties are purchased, developed and managed. The application of general theories of property investment, discounted cash flow, risk and return, and financial mathematics is vital for property professionals. Debt and equity financing options are discussed for residential and income-producing property and development projects.||15|
|PROPPRAC 706||Valuation||As every property is unique, the valuation of property presents many challenges and has a strong influence on the financial viability of both existing buildings and the development process. Valuation involves a range of models and approaches for valuing residential, commercial and industrial property and undeveloped land.||15|
|PROPPRAC 707||Property Technology||Develops capabilities in applying analytical tools and technologies to the analysis of issues to enhance understanding of property markets and support effective decision-making.||15|
|PROPPRAC 708||Professional Practice||The theory and practice of valuing, managing and developing special categories of property including shopping centres, hotels, leasehold and Māori land. Other professional property practices covered include compulsory purchase, litigation, arbitration, and professional ethics and practice.||15|
|PROPPRAC 709||Advanced Property Analytics||Extend and apply core property knowledge involving management, development valuation and investment to critically analyse repositioning opportunities for an existing income-producing property through use of specialised cash flow modelling software.||15|
|PROPPRAC 778 A/B||Capstone Project||An individual, research-informed practical project with a company or other appropriate organisation with written and oral reports of the findings.||30|
|PROPPRAC 779 A/B||Capstone Project||A team-based, research-informed practical project with a company or other appropriate organisation with written and oral reports of the findings.||30|
As a graduate of the MPropPrac, you will be able to:
- demonstrate an advanced understanding of theory and practice in property practice and apply this in current contexts.
- synthesise and critically evaluate ideas and information from multiple sources to develop coherent and evidence-based arguments.
- creatively and systematically address complex business and management issues and develop practical and innovative solutions.
- work effectively in teams and engage diverse audiences by communicating professionally using multiple formats.
- work professionally and ethically as well as demonstrate self- management in complex situations.
- demonstrate respect for the principles underpinning the Treaty of Waitangi, as well as diversity, equity and sustainability, when operating in a global business environment.
*Our Programme Advisors will provide all official programme information, including regulations about entry, enrolment, course fees, examinations and requirements for degrees, diplomas and certificates as per the University Calendar. Please note that the programme fees are indicative and estimates only. Fees are set in advance of each calendar year and will be updated on this website. Fees are inclusive of 15% GST, but do not include the Student Services Fee, course books, travel and health insurance, or living costs. Fees will be confirmed upon completion of enrolment into courses.
Hear from the academic
Dr Michael Rehm is a Senior Lecturer at the University of Auckland and the Academic Director of the Master of Property Practice Programme.
Learn more about who the Master of Property Practice is for, how it will help you achieve your career goals and the content of the courses in the programme directly from Dr Rehm.
Master of Property Practice – Enquiry Form
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