I need this done next week for Statutory and Specialist Valuation subject please quote me
Subject Title Statutory and Specialist Valuation
Subject Code PRO340A
Assessment Title Case Analysis (Individual)
Graduate Capabilities
• Professional Expertise
• Innovative problem solving
• Technology and information literacy
Learning Outcome/s a) Evaluate the valuation of various specialist uses of operating real estate and business/goodwill
b) Assess the valuation of land and specialised properties for rating and taxing purposes
c) Critically analyse specialist valuation reports to identify any errors and omissions
Assessment type (group or individual) Individual
Weighting % 35%
Word count 1,200 words (+/- 20% excluding cover page, references, appendices)
Due day Sunday of Week 6 by 11:55pm (Sydney time)
Submission type Assignment tool – Submit Word document and Excel spreadsheet ?
Format / Layout of Assessment Letter:
ICMS Cover Page
Introduction
Findings
Conclusion
Recommendations
Reference List
Appendices/Enclosed
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Spreadsheet:
Completed Valuation Model spreadsheet as an .xlxs file.
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Assessment instructions This individual assessment requires you to investigate a property, sourcing and interpreting related property information. From your investigation you will consider the existing specialist use, analyse market information, and assess the estimated sale price using the provided valuation model.
The assessment assists with developing an understanding of the techniques utilised in the process of determining asset worth.
Task description
The owners of the Noah’s Backpackers, 2-8 Campbell Parade, Bondi Beach are looking to sell the iconic hostel and retail facility with a 5year leaseback arrangement. They have sought your advice to set the salient details of the lease and provide an estimate of the sale price in the current market.
Requirements
• First, you’ll have to source information from a variety of private and public providers to gain an understanding of the tangible and intangible property and its associated interests.
• Source and review market information to determine the market parameters and benchmarks to apply in your analysis.
• Populate the provided valuation model and assess the estimated selling price.
• Complete a scenario analysis assuming the adopted rental rate is 20% higher than proposed. And another assuming the rental is 20% lower than proposed.
• Share your findings in an appraisal letter. The appraisal letter should clearly depict the property and explain your process and assumptions used to determine the estimated selling price.
At a minimum your letter should include:
• Details of the instructing party
• Brief introduction
• A description of the property, from ownership interests through to site characteristics and physical improvements.
• Brief market commentary relating to the existing use and location
• Salient details of the proposed leaseback and assessment of market rental.
• A narrative explaining the calculations and assumptions.
• The estimated sale price.
• Findings from the scenario analysis.
• Recommendations.
• References.
• Appendices.
• Review your subject readings, particularly the theories of valuation, for topic idea.
• Utilise resources including the ICMS library, websites, media articles, and websites.
• Your letter should have a clearly identifiable structure and be typed in word.
• Marks will be deducted for poor spelling and grammar.
• You must reference your letter in accordance with the ICMS Style Guide (APA 6th referencing style).
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• The letter submitted must be your own work and the lecturer reserves the right to carry out a viva voce to ensure that the essay is the students own work.
Assessment criteria
• Knowledge (20%): quality content is detailed and covers the topics from comprehensive insights.
• Research and application (problem solving) (20%):
understanding the property, highest and best use, value drivers, assumptions, and arguments.
• Assess and evaluate (50%): application of the valuation model and scenario analysis.
• Communicative competence (10%): structure, writing style, referencing in APA 6th style, clarity, grammar, and spelling.
Style and format
For consistency across all assessments, students are required to submit them in a standard format, which is detailed below. Written assessments should always be submitted in Word format.
• Headings: Font - Arial or Calibri, Font size - 11 points, Text style - Bold
• Body text: Font - Arial or Calibri, Font size - 11 points, Text style – Normal
• Diagrams and tables: Students are encouraged to include diagrams and tables in their assessments but must ensure they do not take up more than 30% of the assignment.
• Diagrams and tables must be formatted with single line spacing and a minimum font size of 8 points.
Submission process
• Submission in the LMS is performed via Turnitin, the similarity detection software used by ICMS students and teaching staff to prevent plagiarism by ensuring referencing is correct and that work has not been inadvertently copied from elsewhere. You can access Turnitin under the Assessments section in your Moodle course site. Please note that draft reports submitted in this way will be regarded as the final version at the due date if you have not uploaded a subsequent, finalised version (each file uploaded overwrites the previous version).
• A penalty of 5% will be deducted for each day late with a zeromark notated for any submission seven or more days late as per ICMS policy. If for any reason you are unable to submit a late submission via Turnitin please contact your Lecturer. Extensions to due dates will be granted only in exceptional circumstances, and where adequate supporting documentation can be provided. Please note that work commitments do not constitute grounds for an extension. Requests must be made via the special consideration process. Decisions and recommendations are only made by lecturers-in-charge/course coordinators.
• You will be advised of your mark by your Lecturer within 2 weeks of submission.
• Please keep a copy of your assignments.
Readings for the assessment
Recommended textbook, journal, or other reading:
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Hyam, A. (2020). The law affecting valuation of land in Australia (6th ed.). Federation press Australia.
Parker. D. (2022). Principles and practice of property valuation in Australia (3rd ed.). Routledge.
Online resources
Australian Bureau of Statistics (ABS) https://www.abs.gov.au/
Australiasian Legal Information Institute http://www.austlii.edu.au/
Australian Property Institute https://www.api.org.au/
IBIS World industry reports
https://www.IBISWorld.com
CoreLogic RPData ownership, sales and market information https://www.corelogic.com.au
International Valuation Standards https://www.ivsc.org/
Woollahra Council
https://www.woollahra.nsw.gov.au
Grading Criteria / Rubric Please see below.
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Assessment 1 – Marking Rubric
Criteria HD (85-100) D (75-84) CR (65-74) PASS (50-64) FAIL (0-49)
Knowledge
(Weighting 20%)?
Demonstrates exceptional knowledge and understanding of relevant learning materials.
A keen awareness of current trends/debates is demonstrated.
Provides exceptional future directions and best practice recommendations. Demonstrates highly appropriate knowledge and understanding of relevant learning materials.
Current trends/debates have been considered and addressed. Provides the most relevant future directions and very clear recommendations. Demonstrates appropriate knowledge and
understanding of relevant learning materials.
Provides sufficient future directions and well-found recommendations. Demonstrates some knowledge and understanding of relevant learning materials.
Provided valid future directions and reasonable recommendations. Demonstrates basic knowledge and/or
understanding of relevant learning materials.
Essential ideas or elements are missing.
Provided insufficient recommendations.
Research and application
(Weighting 20%)? Thorough critical investigation and research to form a deep understanding of the property and highest and best use(s). Presents exceptional explanation of value drivers, assumptions, and arguments. There is strong evidence of a consistently high level of commitment in terms of research and practical application. Critical investigation and research to form a detailed understanding of the property and highest and best use(s).
Explain value drivers, assumptions, and arguments.
Practical approaches and considerations are very clearly supported.
There is evidence of a generally high level of commitment in terms of research and practical application. Solid investigation and research to form an understanding of the property and highest and best use(s).
Presents value drivers, assumptions, and arguments.
Practical approaches and considerations are clearly supported.
There is evidence of a generally satisfactory but very occasionally inconsistent level of commitment in terms of research and practical application. Acceptable investigation and research to form an understanding of the property and uses.
Presents value drivers and assumptions. Practical approaches and considerations are supported.
There is evidence of an adequate but rather weak level of commitment in terms of research and practical application. Poor investigation or research into the property and potential uses.
Practical approaches and considerations are poorly supported or not supported at all.
There is little evidence of a commitment in terms of research and practical application.
Assess and evaluate
(Weighting 50%)? Dynamic and accurate valuation modelling. The calculations and dependent values are consistent with the discussion in the letter, clearly depicted, and easy to follow. Scenario analysis presented in a dynamic manner allowing for flowing changes to base assumptions. Accurate valuation modelling.
The calculations and dependent values are consistent with the discussion in the letter, clearly depicted, and easy to follow.
Scenario analysis accurately presented. Generally accurate valuation modelling with only a few, immaterial or minor errors.
The calculations and dependent values are consistent with the discussion in the letter, clearly depicted, and easy to follow.
Scenario analysis completed. Mostly accurate valuation modelling with a few, minor errors.
The calculations and dependent values are clearly depicted.
Scenario analysis attempted. Inaccurate valuation modelling with a series of errors.
The calculations are not clearly depicted. Scenario analysis incorrect or not attempted.
Communication
(Weighting 10%)? Effective communication of findings fully supported with concepts that closely correspond to the elements.
Full use of report style conventions with logical flow, and appropriate sections. Fluent academic writing style throughout. Grammar and spelling are accurate throughout.
Referencing is consistently accurate and compliant with ICMS Style Guide. Well-structured communication of findingssupported with concepts that closely correspond to the elements. Introduction states purpose clearly and outlines main points succinctly. There is a clear discussion leading to the findings and recommendations.
Grammar and spelling accurate.
Referencing is accurate and compliant with
ICMS Style Guide. Appropriate communication of findings. Introduction and body outline main ideas.
Grammar and spelling are mainly accurate. Referencing is mainly accurate and compliant with ICMS Style Guide. Evidence of report structure, but errors may detract from communication of findings.
There are some concepts used but they may not correspond to the elements. Grammar and spelling are generally accurate but may contain errors. Some attempt at referencing but not always compliant with ICMS Style Guide. Lacks structure with unclear description and explanation.
The few concepts used do not correspond to the key elements.
Grammar and spelling contain frequent errors.
Referencing is unsystematic and not compliant with ICMS Style Guide.
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