This document provides information about an assignment for a specialized property evaluation unit. It includes: 1) An overview of the unit content and expectations, including assessing different types of specialized properties and valuation methods. 2) Details of the assignment, which involves writing a valuation report for a selected specialized property. Students must describe the property and do valuations based on its current and possible alternative uses. 3) Guidelines for the report, including length, formatting, and content required like property descriptions, valuation methods, and supporting market data. References must be in Harvard style.

1. Specialized Property Evaluation Homework
Specialized Property Evaluation HomeworkORDER HERE FOR ORIGINAL, PLAGIARISM-
FREE PAPERS ON Specialized Property Evaluation Homeworkplease read from page 9
onwards. I will attached more resources once I have assigned the assihnemnt.Specialized
Property Evaluation Homeworkattachment_1Unformatted Attachment PreviewSchool of
Business 200876 Specialised Valuation Spring 2020 Unit Details Unit Code: 200876 Unit
Name: Specialised Valuation Credit Points: 10 Unit Level: 3 Assumed Knowledge: It is
assumed that students will have a sound knowledge of: 1. Valuation principles and practices
2. Accounting principles 3. Commercial property practices 4. Property investment analysis
and application 5. Property portfolio analysis Note: Students with any problems, concerns
or doubts should discuss those with the Unit Coordinator as early as they can. Unit
Coordinator Name: Mohamad Zraika Phone: 0433 139 990 Location: Parramatta City
Campus PC.1.10 Email: m.zraika@westernsydney.edu.au Consultation Arrangement: Your
unit coordinator will be your primary contact for all academic (not administrative) matters
relating to this unit. If you have any concerns about the unit, please contact your unit
coordinator in the first instance. If you would prefer to speak to someone else you are
advised to speak to your Director of Academic Program (DAP) Dedicated in-teaching
session weekly consultation time, per appointment. Students are requested to distinguish
between academic and administrative issues and direct their enquiries accordingly.
Specialized Property Evaluation HomeworkIt is a good idea to contact tutors directly in
class & via e-mail. Students are also encouraged to blog via vUWS as it is a lot more efficient
& effective to provide the answer to a query in one central place; so all profit; especially if
assignment related. By all means e-mail, phone, face to face contact if of an individual or
personal nature but 90% of queries usually relate to either issues canvassed in the learning
guide or general academic advice. Director of Academic Program Name: Phone: Location:
Email: Dr. Heath Spong 9685 9534 Parramatta City Campus; PC.1.10
h.spong@westernsydney.edu.au Edition: Spring 2020 Copyright ©2020 University Western
Sydney trading as Western Sydney University ABN 53 014 069 881 CRICOS Provider No:
00917K No part of this publication may be reproduced or transmitted in any form or by any
means, electronic or mechanical, including photocopying, recording, or by any information
storage and retrieval system, without the prior written permission from the Dean of the
School. Copyright for acknowledged materials reproduced herein is retained by the
copyright holder. All readings in this publication are copied under licence in accordance
with Part VB of the Copyright Act 1968. Liaison Librarian Name: Phone: Location: Email:

2. Paul Jewell 9685 9358 Business Librarian, Parramatta Campus
p.jewell@westernsydney.edu.au Contents 1 About Specialised Valuation 1.1 An
Introduction to this Unit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.2 What is Expected of You
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.3 Changes to Unit as a Result of Past Student
Feedback . . . . . . . . . . . . . . . . . . . . . . . . . 2 Assessment Information 2.1 Unit Learning Outcomes . .
. . . 2.2 Approach to Learning . . . . . . . 2.3 Assessment Summary . . . . . . . 2.4 Assessment Details
. . . . . . . . 2.4.1 Report . . . . . . . . . . . 2.4.2 Final examination . . . . . 2.5 General Submission
Requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . 3 Teaching and Learning Activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . 2 2 2 3 4 . 4 . 4 . 5 . 6 . 6 . 13 . 15 17 4 Learning Resources 19 4.1
Recommended Readings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Note: The relevant
Learning Guide Companion supplements this document 1 1 About Specialised Valuation 1.1
An Introduction to this Unit The value of special premises constitutes an important segment
of valuation practice in Australia. A number of special valuation considerations arise in the
appraisal of this class of premises. However, the most compelling reason for studying the
valuation of special premises is the fact that these classes of property provide an ideal
vehicle whereby valuation principles and methods of valuation can be critically evaluated
by students. 1.2 What is Expected of You Study Load A student is expected to study an hour
per credit point a week. For example a 10 credit point unit would require 10 hours of study
per week. Specialized Property Evaluation HomeworkThis time includes the time spent
within classes during lectures, tutorials or practicals. Attendance It is strongly
recommended that students attend all scheduled learning activities to support their
learning. Online Learning Requirements Unit materials will be made available on the unit’s
vUWS (E-Learning) site (https://vuws.westernsydney.edu.au/). You are expected to consult
vUWS at least twice a week, as all unit announcements will be made via vUWS. Teaching and
learning materials will be regularly updated and posted online by the teaching team. Special
Requirements Essential Equipment: Financial Calculator Legislative Pre-Requisites: None
Policies Related to Teaching and Learning The University has a number of policies that
relate to teaching and learning. Important policies affecting students include: – – – – – – – – –
– – Assessment Policy Bullying Prevention Policy and Guidelines Enrolment Policy
Examinations Policy Review of Grade Policy Sexual Harassment Prevention Policy Special
Consideration Policy Student Misconduct Rule Teaching and Learning – Fundamental Code
Student Code of Conduct Academic Integrity and Student Misconduct Rule In submitting
assessments, it is essential that you are familiar with the policies listed above and that you
understand 2 the principles of academic integrity. You are expected to act honestly and
ethically in the production of all academic work and assessment tasks, submit work that is
your own and acknowledge any contribution to your work made by others. Important
information about academic integrity, including advice to students is available at
https://www.westernsydney.
edu.au/studysmart/home/academic_integrity_and_plagiarism. It is your responsibility to
familiarise yourself with these principles and apply them to all work submitted to the
University as your own. When you submit an assignment or product, you will declare that

3. no part has been: copied from any other student’s work or from any other source except
where due acknowledgement is made in the assignment; submitted by you in another
(previous or current) assessment, except where appropriately referenced, and with prior
permission from the Unit Coordinator; written/produced for you by any other person
except where collaboration has been authorised by the Unit Coordinator. The Student
Misconduct Rule applies to all students of Western Sydney University and makes it an
offence for any student to engage in academic, research or general misconduct as defined in
the Rule. The University considers plagiarism, cheating and collusion as instances of
academic misconduct. The University also considers submitting falsified documentation in
support of applications for special consideration, including sitting of deferred examinations,
as instances of general misconduct. You should be aware that changes were made to the
Student Misconduct Rule commencing 1 January 2020 that provide for minimum sanctions
that apply to certain conduct, including the provision of falsified documentation to the
University. You are strongly advised to read the Student Misconduct Rule and the
Inappropriate Behaviour Guidelines at the commencement of each session to familiarise
yourself with this process and the expectations of the University in relation to work
submitted for assessment. 1.3 Changes to Unit as a Result of Past Student Feedback The
University values student feedback in order to improve the quality of its educational
programs. Specialized Property Evaluation HomeworkThe feedback provided helps us
improve teaching methods and units of study. The survey results inform unit content and
design, learning guides, teaching methods, assessment processes and teaching materials.
You are welcome to provide feedback that is related to the teaching of this unit. At the end
of the semester you will be given the opportunity to complete a Student Feedback on Unit
(SFU) questionnaire to assess the unit. You may also have the opportunity to complete a
Student Feedback on Teaching (SFT) questionnaire to provide feedback for individual
teaching staff. As a result of student feedback, the following changes and improvements to
this unit have recently been made: – Rural Valuation (formally 200605) has officially been
incorporated into Specialised Valuation and a balance of topics is constantly monitored and
refined. 3 2 Assessment Information 2.1 Unit Learning Outcomes The table below outlines
the unit learning outcomes (ULOs) for this unit. Upon completion of this unit, students will
be able to: Outcome 1 Outline the nature of specialised property types and their use 2
Identify property type characteristics and their relationship to productivity, profitability
and management 3 Describe the factors which cause depreciation, obsolescence and
alternative use of special premises improvements 4 Analyse the ramifications of
contamination and environmental issues on the operation and management of special
premises 5 Apply a range of valuation techniques and data analysis pertinent to the various
classes of special premises 6 Utilise basic principles to develop procedures for undertaking
comprehensive valuations of any specialised property and preparation of industry standard
“full speaking”narrative reports 2.2 Approach to Learning Students are encouraged to
actively engage with industry whether owner operators; business proprietors; agents
(selling & managing); valuers and business brokers in securing data. Upon deciding an area
to specialise in for assignment purposes, students are expected to extensively review the
literature and if applicable the API standards associated with that topic. Legislation changes

4. every year for different sectors. No doubt the recently constituted Royal Commission into
the Aged Care Quality and Safety will produce more change:
https://agedcare.royalcommission.gov.au/Pages/default.aspx 4 2.3 Assessment Summary
The assessment items in this unit are designed to enable you to demonstrate that you have
achieved the unit learning outcomes. Completion and submission of all assessment items
which have been designated as mandatory or compulsory is essential to receive a passing
grade. To pass this unit you must: – Complete all assessment items. – Achieve an overall
mark of at least 50 per cent. Note: It is required that students attempt all available
assessment elements. An automatic Fail Non – Submission grade will be awarded if any
assessment task is not submitted/completed as per the details specified. Item Weight Due
Date ULOs Assessed Threshold Report 40% 11:59 pm Friday 25 September 2020 1-6 No
Final examination 60% During the formal final examination period. 3-6 Yes Feedback on
Assessment Feedback is an important part of the learning process that can improve your
progress towards achieving the learning outcomes. Specialized Property Evaluation
HomeworkFeedback is any written or spoken response made in relation to academic work
such as an assessment task, a performance or product. It can be given to you by a teacher,
an external assessor or student peer, and may be given individually or to a group of
students. As a Western Sydney University student, it is your responsibility to seek out and
act on feedback that is provided to you as a resource to further your learning. The
Assessment Policy provides that assessment feedback is available to students in a timely
way. It is anticipated that assignments will be returned, marked with appropriate feedback
via vUWS, Grade-mark online revision Week 14 or failing this, the third lecture/weekday in
Stuvac from 1.00pm. Late submissions will be marked without the assurance of this
deadline. In the event there is an IT issue external students are encouraged to update their
online enrolled addresses. Results are posted to vUWS MyGrade. If a class extension is
granted due to circumstances the coordinator receives and enjoys the same courtesy. Any
submitted work held for a period of one month after the end of the session remains
unclaimed will be destroyed. 5 2.4 Assessment Details 2.4.1 Report Weight: 40% Type of
Collaboration: Individual Due: 11:59 pm Friday 25 September 2020 Submission: Turnitin
Format: Assignments are to be produced on A4 with a WSU cover sheet indicating
Institution, Course Name, Due Date, Tutor Name; Student Name; Student Number; Unit
Name; Unit Number and title of the assignment topic incorporating: – brief
structure/accommodation/land use description; – property address; & – word count
(utilise a snapshot via “Properties”menu); – Student signature. Non-adherence will result in
significant penalties. The valuation purpose is to be stated on report cover title page.
Students are required to keep a copy of all written work submitted. A personal hardcopy is
retained by the student and is to be available on demand within 24 hours If any problems
arise in relation to lost assignments it is the responsibility of the student to provide a
replacement copy. Page numbering is mandatory. Assignments must be word processed (or
typed), size 12 font, one and a half line spacing with adequate margins for comment. A
proper bibliography, due acknowledgments and consistent referencing systems (preferably
Harvard) are expected. Only the Harvard referencing system must be adopted. Footnotes
will not be acceptable. No handwritten assignments will be accepted. All sources of

5. information, including acknowledgments and graphs are to be Harvard referenced in both
the text and the reference list. All background material is to be acknowledged in the
bibliography. Failure to correct the reference material, or the submission of a report or
valuation with inadequate content, poor presentation and inaccurate information,
regardless of accuracy of referencing, will result in a fail grade. Length: 2,500 words,
excluding attachments Curriculum Mode: Report Overview The assignment can be
undertaken as a full valuation report. Please note that the following questions should be
closely read in conjunction with recommended Valuation Report Contents Due Diligence
Guide which is located on vUWS (Assignment Resources sub-folder). Students are to select
premises, which may be described as falling into the vUWS online definition of “special
premises”for the purpose of carrying out the following task. Valuation Report 1. The
premises are to be described in terms of size, construction and layout-and present use.
Specialized Property Evaluation HomeworkAdditionally, students are to outline the status
of the selected property in terms of town planning considerations. The zoning of the site is
to be indicated, and a copy of the relevant land use tables attached. Students will indicate
whether the special premises selected for this exercise enjoys an existing use right under
the provisions of the Environmental Planning and Assessment Act, or whether the premises
came into being by virtue of a planning consent under the Environmental 6 Planning and
Assessment Act or the Local Government Act. Further, why does the subject qualify as a
special premises classification? What is the extent and type of business operation
conducted? Comment upon the caliber‘ and standard of management performance if
applicable? 2. Having regard to the current use of the premises (i.e. the basis of valuation
must be“current market value subject to/for existing use”- as is); students are to put
forward prime and supporting secondary methods of valuation, and must identify market
data presently available to the valuer (e.g. sales, yields, rentals etc.). 3. Additionally,
students will select one from the indicative range of the possible alternative uses to which
the premises or site could be put; the market data available to support a valuation for
alternative use, and the valuation methods that should be applied, (e.g. analysed V/L sales,
gross realisations etc.). If not current market value or highest and best use, select the next
best available use. Also note Whipple, T (ed.) 1995, Property valuation and analysis, Law
Book Co. Ltd, Sydney (Chapter 6, pp. 139-152 for further clarification). Re: vUWS posted
assignment resources guide. 4. Students will prepare a full-speaking narrative professional
valuation report for the selected premises. Details of all valuation calculations,
methodology, assumption, sales analysis is required. Professional standards must
encompass instructions, valuation executive summary, market analysed evidence and
annexures. Especially, students will identify the matters that must be conveyed to persons
commissioning a valuation of the premises selected for this exercise. Observance and
adherence to the APINZ Valuation and Property Standards will be strictly evaluated Details
The traditional industry reporting format does not preclude scholarly discussion (where
relevant) and proper referencing for this unit. For all intents and purposes i) to iii) above
may be viewed as client instructions as the observant student will note that these issues
should be addressed in any quality valuation report. It is left to the student to discern the
most appropriate basis, purpose (insurance and on- completion valuations are excluded),

6. interest and valuation methodologies for the chosen subject special premises. We
recommend no vacant possessions but always prefer freehold going concerns subject to
existing leases. Specialized Property Evaluation HomeworkWord limit is 2,750 words
maximum excluding attachments, tables, figures/charts, plans, maps, photos, pictures,
rental and sale transaction/yield analysis schedules, field notes, supporting valuation
calculations and workings, revenue and expenditure statements, actual, projected and
adjusted/annotated profit and loss analysis, figures, qualifications, disclaimers,
acknowledgements, table of contents, executive summary and reference list. With reference
to “specialised trading properties”commonly (but not exclusively) valued on a going
concern basis via the capitalisation of net operating profits: it is best not to unduly over-rely
on promises of property information such as profit and loss trading accounts or revenue
and expenditure statements. Actually gather the information which may simply be adjusted
ballpark data or suitably disguised figures to obviate providers’ commercial sensitivities.
The revenue and expenditure statement is the key starting point if your selected property
type falls into the domain of a going concern classification. If your data is circa 2017-18 that
is okay for our purposes. Just relate to current market in terms of market (sales/rental)
evidence. Older data is problematic. Comment on interim market changes (if any & do not
be silent) to the 2020 Date of Valuation. Resist inflating figures as valuation ’process’ is
paramount. A pre-Spring session commencement document has been posted to vUWS
detailing preliminary comments concerning special premises classification and suggested
means of securing data or information memorandums. Students are to choose a class of
property that is designated as special premises. This following list can be used as a guide
subject to approval (scale, context etc.) and is not all inclusive, hence discussion blog
requirement: 7 Class of property Public hotels (city or country)MotelsService
stationsAbatto ..Specialized Property Evaluation Homework