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Real property in the form of investment, ownership and use pervades
almost every aspect of daily lives and represents over 40% of
Australia's wealth. Such assets do not exist in isolation - they
are dynamic and forever evolving, impacted by a range of physical,
economic, demographic, legal and other forces. Consequently, a true
appreciation of individual assets and of the property sector as a
whole demands an understanding of both the assets themselves and
the context and markets in which they exist. The sector is complex
and, on the face of it, confusing. It is however, not without logic
and underlying themes and principles. This book provides a wider
understanding of how the real property sector works. It covers
topics such as the nature of real property and its functions,
economic drivers, valuation principles, legal and tenure
parameters, property taxation, land development and subdivision,
asset and property management and sustainability - all critical
components in this complex and critically important sector. It
provides a wide and balanced perspective for experienced
practitioners, investors, students and anyone involved in property
decision-making or wishing to secure a deeper understanding of
these areas. The book integrates research-based theory with
practical application and first-hand insights into a sector that
underpins the Australian economy, its communities and its
sustainability.
Real property in the form of investment, ownership and use pervades
almost every aspect of daily lives and represents over 40% of
Australia's wealth. Such assets do not exist in isolation - they
are dynamic and forever evolving, impacted by a range of physical,
economic, demographic, legal and other forces. Consequently, a true
appreciation of individual assets and of the property sector as a
whole demands an understanding of both the assets themselves and
the context and markets in which they exist. The sector is complex
and, on the face of it, confusing. It is however, not without logic
and underlying themes and principles. This book provides a wider
understanding of how the real property sector works. It covers
topics such as the nature of real property and its functions,
economic drivers, valuation principles, legal and tenure
parameters, property taxation, land development and subdivision,
asset and property management and sustainability - all critical
components in this complex and critically important sector. It
provides a wide and balanced perspective for experienced
practitioners, investors, students and anyone involved in property
decision-making or wishing to secure a deeper understanding of
these areas. The book integrates research-based theory with
practical application and first-hand insights into a sector that
underpins the Australian economy, its communities and its
sustainability.
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