Real Property in Australia: Foundations and Application, 5th edition

Real property – its investment, ownership, management and use – pervades almost every aspect of our daily lives and represents about 40% of Australia’s wealth. Property does not, however, exist in isolation. A range of physical, economic, legal, and other forces provide a dynamic property environment. To understand property and the property sector, one must have working knowledge of these forces − how they come together and how they evolve over time. Furthermore, each property requires a unique strategy to secure its own best outcomes. Real Property in Australia is about how the Australian real property market works. It covers functional assessments, economic rules, valuation principles, legal parameters, property taxation, land development and subdivision, asset and property management and sustainability – all critical components in this complex but highly rewarding sector. Real Property in Australia provides insights for experienced practitioners, students and others with a general interest in the sector − balancing key concepts and theory with practical application. [Book Synopsis