Meeting Changing Industry Expectations From Australian Property Valuation Graduates

Halvitigala, D; Wilkinson, S; Antoniades, H

Meeting Changing Industry Expectations From Australian Property Valuation Graduates

Halvitigala, D Wilkinson, S

Antoniades, H

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Publisher:: AUBEA
Publication Type:: Conference Proceeding
Citation:: AUBEA 2017: Australasian Universities Building Education Association Conference 2017, 2017, pp. 129 - 138
Issue Date:: 2017-07-05

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Field	Value	Language
dc.contributor.author	Halvitigala, D	en_US
dc.contributor.author	Wilkinson, S https://orcid.org/0000-0001-9266-1858	en_US
dc.contributor.author	Antoniades, H https://orcid.org/0000-0003-0462-2221	en_US
dc.date	2017-07-03	en_US
dc.date.issued	2017-07-05	en_US
dc.identifier.citation	AUBEA 2017: Australasian Universities Building Education Association Conference 2017, 2017, pp. 129 - 138	en_US
dc.identifier.uri	http://hdl.handle.net/10453/112929
dc.description.abstract	The valuation profession faces significant challenges as more valuation processes become automated, and the role of the valuer becomes more one of data handling than an economic analyst. To respond to industry needs, the role of the valuer must change. It follows that there is a need for universities to re-evaluate their existing property curricula, modifying content where necessary, to prepare their graduates better for a changing workforce. Employing a series of focus group discussions with valuation practitioners, this study examined specific industry expectations and provides recommendations to strategically align Australian property curricula with industry expectations in order to maintain the relevance of property education. The study identified personal, technical and business-related skills that are essential for graduates to possess. The roles of the professional bodies, industry/employers and educators to meet the changing demand on the profession are identified. Changes are required to degree programme content in respect of digital technologies and statistical skills. Whilst the universities offer a curriculum that adheres to the accreditation requirements of the professional bodies, there is also a need to incorporate specialised knowledge with set pathways. The need for students to have practical experience is apparent and undertaking placements with assessment that could be credited as part of the degree is recommended. The study highlights the need for a careful analysis of student learning experience to ensure that graduate skills meet the industry expectations, and that graduates themselves are able to adapt to future changes.	en_US
dc.publisher	AUBEA	en_US
dc.relation.ispartof	AUBEA 2017: Australasian Universities Building Education Association Conference 2017	en_US
dc.relation.ispartof	Australasian Universities Building Education Association	en_US
dc.title	Meeting Changing Industry Expectations From Australian Property Valuation Graduates	en_US
dc.type	Conference Proceeding
utslib.location	Australia	en_US
utslib.location.activity	RMIT Melbourne Victoria	en_US
utslib.for	1202 Building	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/e-Press
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
pubs.organisational-group	/University of Technology Sydney/Strength - CCDP - Contemporary Design Practice
utslib.copyright.status	open_access
pubs.consider-herdc	true	en_US
pubs.finish-date	2017-07-05	en_US
pubs.place-of-publication	Australia	en_US
pubs.publication-status	Published	en_US
pubs.start-date	2017-07-03	en_US

Abstract:

The valuation profession faces significant challenges as more valuation processes become automated, and the role of the valuer becomes more one of data handling than an economic analyst. To respond to industry needs, the role of the valuer must change. It follows that there is a need for universities to re-evaluate their existing property curricula, modifying content where necessary, to prepare their graduates better for a changing workforce. Employing a series of focus group discussions with valuation practitioners, this study examined specific industry expectations and provides recommendations to strategically align Australian property curricula with industry expectations in order to maintain the relevance of property education. The study identified personal, technical and business-related skills that are essential for graduates to possess. The roles of the professional bodies, industry/employers and educators to meet the changing demand on the profession are identified. Changes are required to degree programme content in respect of digital technologies and statistical skills. Whilst the universities offer a curriculum that adheres to the accreditation requirements of the professional bodies, there is also a need to incorporate specialised knowledge with set pathways. The need for students to have practical experience is apparent and undertaking placements with assessment that could be credited as part of the degree is recommended. The study highlights the need for a careful analysis of student learning experience to ensure that graduate skills meet the industry expectations, and that graduates themselves are able to adapt to future changes.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/112929