The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording in the performance criteria is detailed below. Add any essential operating conditions that may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts.
Property investment may include: | concepts and plansstrategies and placement of capital in property for investmentproductive use of property and assetscustomer service outcomes. |
Clients may be: | developersfinancial institutionsfund managersindividualsinternal departmentsinternal and external property groupsinvestment organisationsjoint venturesowner-occupierspartnerssmall and large principalsunit trustees. |
Relevant people may include: | accountantsagentsanalystsclientsgovernment personnellegal representativesmanagement and colleaguesmembers of industry associationssite personneltaxation specialists. |
Client needs and expectations may relate to: | immediate capital gainslong-term capital gains. |
Consultative processes may include: | face-to-face meetingstelephone, facsimile and written communication. |
Information may include: | bank reportsgeneral knowledge of industrygovernment statisticsindustry reports and indicesmarket intelligence from industry operators or other interested partiesmedia reportspublished analytical reports. |
Legislative requirements may be outlined and reflected in: | Australian standardsgeneral duty of care to clientshome building requirementsprivacy requirementsrelevant federal, and state or territory legislation that affects organisational operation, including:anti-discrimination and diversityenvironmental issuesEEOindustrial relationsOHScodes of practice covering the market sector and industry, financial transactions, taxation, environment, construction, land use, native title, zoning, utilities use (water, gas and electricity), and contract or common law |
| strata, community and company titlestenancy agreementstrade practices laws and guidelines. |
Organisational requirements may be outlined and reflected in: | access and equity principles and practice guidelinesbusiness and performance planscomplaint and dispute resolution proceduresgoals, objectives, plans, systems and processeslegal and ethical requirements and codes of practicemission statements and strategic plansOHS policies, procedures and programspolicies and procedures in relation to client servicequality and continuous improvement processes and standardsquality assurance and procedure manuals. |
Analysis may include: | computer modellingexamination of cash flows and other financial projectionsexamination of collected dataquantitative and qualitative analysisprobability analysistime series recognition. |
Market conditions may be influenced by: | availability of alternativesbusiness confidenceeconomic conditionslevel of competition. |
Performance criteria: | may include:quantitative and qualitative assessmentsmay be:financial and non-financialstatistical and non-statistical. |
Risks may relate to: | age of propertyasset allocation and investment spreadborrowing riskgearingalternative investmentscompetitive developmentexit strategy and investment scenario analysisinterest rateslevel of regulationlifestyle choicesmarket and property sector risks, including:fluctuations in economic cycleinterest ratesstock markettechnology in usetenancy securityvolatility of income and capital. |
Quality assurance goals and strategies may include: | a formal structure against which progress can be evaluatedbudgets and timetables that enable the commitment of resources at appropriate points in the project compliance with Australian standardscontingency plans to cater for a change of corporate focus or significant difficultiescontinuous improvement strategiesmechanisms for involving a wide variety of interested parties or stakeholders in the projectprocedures for monitoring and evaluating project outcomes and client satisfactionreducing risk by anticipating, evaluating and developing strategies for the management of possible problemsreporting procedures and protocols. |
Targets and milestones may include: | agreed reporting requirementsasset life cycle reportingcompletion of key tasksmeasurement and achievement of set outcomes. |
Documentation may include information relating to: | budgets and operating costslegal documentationmanagement policy and proceduresproperty leases, plans or contractsservice and maintenance recordssub-plans, including environment, human resource management and marketing. |
Resources may include: | materials, tools and equipmentpersonneltrainingtransport. |
Market parameters may relate to: | ability to control investmentadministrative talentbalancing a portfoliocapacity to improve assetscapital growth versus short-term gainscash flowsclass and type of propertydemographicsexit strategiesgearing possibilitiesgeographic aspectslimits to the financial resourcesmarket standingreturn on investmentreturn versus risktaxation considerations. |
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