Distinguish the key characteristics between real estate, real estate investment trusts (REITS) and property stocks.

Explain the characteristics of real estate market as a whole.

Classify properties into residential, commercial and industrial according to title (land, lease or strata), form and planning parameters.

Explain the factors affecting the supply, demand, and prices of properties at both micro and macro levels.

Explain the functions of the different submarkets within the real estate industry.

Explain the relationship between property cycle and business cycle.

Determine the sources of real estate market information, including property supply, transaction statistics/data and other market information, and interpret them accordingly.

Identify the fundamentals of supply of state land, land valuation and government policies on public housing.