We strengthened scaffolding of ERS in our Bachelor of Property and Real Estate. At level 1, social and ethical considerations are explored through guided discussions and examination of how these factors play in the Australian economy, including property and real estate. For example, students engage in discussions and evaluation of certain policies which are economically sound, yet ethically questionable. Students examine sustainability issues in property development taking into consideration sustainability
ratings such as NABERs, which rates a building’s greenhouse performance and measures and rates energy and resource consumption of a building based on real data. At level 2 students review urban development policies to achieve optimal use, discuss obsolescence and sustainability of buildings and ethical duties of a property manager, green leases and sustainability. Professional ethics in the context of real estate management and construction are examined. At level 3, students critically evaluate sustainability of property development and propose solutions to maximise environmentally friendly design elements. There is a focus around how to evaluate the property asset correctly, so that the overestimation of asset and real estate bubble can be avoided to improve the stability and growth of the national economy.