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, plans and strategiesplacement of capital in property for investment, productive use and customer service outcomes. |
Relevant people may include: | accountantsagentsanalystsclientsgovernment personnellegal representativesmanagement and colleaguesmembers of industry associationssite personneltaxation specialists. |
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. |
Clients may include: | developersfinancial institutionsfund managersindividualsinternal and external property groupsinvestment organisationsjoint venturesowner-occupierspartnersunit trustees. |
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 relationsOHSrelevant industry codes 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 lawstrata, community and company titlestenancy agreementstrade practices laws and guidelines. |
Resources may include: | materialspersonneltools and equipmenttrainingtransport. |
Specialist advice may be sought from: | analystsarchitectsbankers and financiersbusiness consultantsgovernment officialsinvestment consultantsmembers of industry associationsplannersreal estate agents |
| solicitorsvaluers. |
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 financial resourcesmarket standingreturn on investmentreturn versus risktaxation considerations. |
Analysis may include: | computer modellingexamination of cash flows and other financial projectionsexamination of collected dataquantitative and qualitative analysisprobability analysistime series recognition. |
Risk may relate to: | access restrictions on propertyborrowing riskgearingeconomicmarket and property sector risks, including:fluctuations in economic cycleinterest ratesstock marketrisk factors and return expectationsspecific property riskvolatility of income and capital. |
Property investment strategy may cover: | determining market sectorsrelative commitment of interested partiestype of property. |
Feedback may be sought from: | clients and their legal representativesmanagement and colleaguesformal and informal performance appraisalsworkplace assessment. |
Business equipment and technology may include: | computersdata storage devicesemailfacsimile machinesinternet, extranet and intranetphotocopiersprinters and scannerssoftware applications, such as databases and word applications. |
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