Unit of competency Outline
Date retreived
22/07/2026 8:32 AM AWST
22/07/2026 8:32 AM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Assess viability of regeneration options in the property industry
Assess viability of regeneration options in the property industry
Unit of competency
National Code
CPPDSM5004A
CPPDSM5004A
State Code
D1324
D1324
TGA Status
Deleted
Deleted
DTWD Status
Deleted
Deleted
State Implementation and Classification
Approved Date
31/10/2008
Field of Education
080503 - Real Estate
Original Release Date
31/10/2008
Nominal Hours
25
Description
This unit of competency specifies the outcomes required to assess the viability of regeneration options for property. It requires the ability to define assessment criteria appropriate to the type of asset and recommend preferred viable options based on those criteria. The unit may form part of the licensing requirements for persons working in the property industry, including in the real estate, business broking, stock and station agency and property operations and development sectors, in those States and Territories where these are regulated activities.
Notes
Elements and Performance Criteria
1Establish requirements of asset regeneration.
- 1.1 Asset regeneration requirements are reviewed and confirmed with relevant people according to organisational requirements.1.2 Consultative processes are used to negotiate with relevant people and agree upon project process, objectives and time lines according to organisational requirements.1.3 Relevant documentation and legislative requirements are sourced and reviewed to identify critical requirements of asset regeneration options.
- 1.4 Project plan is developed according to organisational requirements detailing suitable activities that reflect client needs.1.5 Situations requiring specialist advice are identified and support is sought as required according to organisational requirements.
2Define assessment criteria.
- 2.1 Industry and other relevant benchmarks are accessed and analysed to establish assessment criteria appropriate to the type and class of asset being assessed.2.2 Types of evidence required to ensure valid and reliable decision making are determined and clearly defined.2.3 Assessment processes are designed which detail the assessment method that will accurately reflect client needs and organisational requirements. 2.4 Business equipment and technology are used to organise and document assessment processes in a format suitable for analysis and interpretation.2.5 Feedback from relevant people regarding assessment criteria is collected, analysed and used to validate assessment process.
3Access relevant information.
- 3.1 Relevant information is gathered and organised in a format suitable for analysis and interpretation according to legislative and organisational requirements.3.2 Sources of information relevant to asset regeneration options are identified and accessed according to organisational requirements.3.3 Reliable methods for gathering information are used according to organisational requirements, making efficient use of time and resources.3.4 Appropriate interpersonal techniques are used to access additional information from relevant people according to organisational requirements.3.5 Constraints and opportunities regarding regeneration methods are identified according to organisational requirements. 3.6 Business equipment and technology are used to access, analyse and organise information according to organisational requirements.
4Assess viability of options.
- 4.1 Viability of regeneration options is assessed and decisions are made on preferred option according to organisational requirements.4.2 Gathered information is examined to ensure its quality, validity and reliability according to organisational requirements.4.3 Assessment decision is based on an objective ranking of options against assessment criteria.4.4 Regeneration options are presented in appropriate format, style and structure using suitable business equipment and technology.4.5 Recommendations are verifiable and sufficiently detailed to meet client and organisational requirements.4.6 Information is securely maintained with due regard to client confidentiality, and legislative and organisational requirements.
RANGE STATEMENT
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.
Asset may include:
buildings
business and marketing contracts
equipment
furniture
goodwill
land
vehicles.
Regeneration may relate to:
rebuild
redecorate
redevelop
refinance
re-fit
remodel
renovate
repackage
re-tenant.
Relevant people may include:
architects
builders
clients
legal representatives
management and colleagues
members of industry associations
principals
service providers
users.
Organisational requirements may be outlined and reflected in:
access and equity principles and practice guidelines
business and performance plans
complaint and dispute resolution procedures
goals, objectives, plans, systems and processes
legal and ethical requirements and codes of practice
mission statements and strategic plans
OHS policies, procedures and programs
policies and procedures in relation to client service
quality and continuous improvement processes and standards
quality assurance and procedure manuals.
Consultative processes may include:
face-to-face meetings
telephone, facsimile and written communication.
Relevant documentation may include:
agreements
building codes
certificates of occupancy
contracts
leases
licences
permits
plans
specifications.
Legislative requirements may be outlined and reflected in:
Australian standards, and quality assurance and certification requirements
award and enterprise agreements
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 law
home building requirements
privacy requirements
relevant federal, and state or territory legislation that affects organisational operation, including:
anti-discrimination and diversity
environmental issues
EEO
industrial relations
OHS
strata, community and company titles
tenancy agreements
trade practices laws and guidelines.
Regeneration options may include:
change of use
market reposition
refurbishment.
Clients may include:
asset or property agents
asset or property owners
company management
fund managers
fund providers
government and legal instruments or agencies
institutions
internal and external property groups
owner-occupiers
private investors
users.
Specialist advice may be sought from:
architects
bankers and financiers
builders
business consultants
government officials
investment consultants
members of industry associations
planners
real estate agents
solicitors
subcontractors
technical experts
valuers.
Benchmarks may include:
comparative analysis
discounted cash flow
industry association performance index
inflation rate
internal rate of return
life cycle costing
published vacancy factors
take-up rates
tenancy mixes.
Criteria may relate to:
capital growth
cash flow
degree of compliance with legislation
degree of market acceptance
financial feasibility
foregone income
sale realisation potential
stated client requirements.
Business equipment and technology may include:
computers
data storage devices
email
facsimile machines
internet, extranet and intranet
photocopiers
printers
scanners
software applications, including database spreadsheets and word applications.
Feedback may be received through:
clients and their legal representatives
management and colleagues.
Relevant information may include information relating to:
agreements
building codes
company services
construction costs
current and planned property or site developments
deposited, survey and other plans
depreciation schedules
land title documentation
leasing rates
legal documentation
licences
management policy and procedures
marketing services
occupancy rates
operating costs
permits
rates notices
sales information
specifications
taxation records
tenancy and other contracts.
Sources of information may include:
consultants
information services
press clippings
published industry data, including industry indices
third parties
trade journals.
Interpersonal techniques may include:
active listening
clear presentation of options
culturally inclusive and sensitive engagement techniques
questioning to clarify and confirm understanding
two-way interaction
use of culturally appropriate language and concepts
verbal or non-verbal language.
Methods may include:
analysis of degree of market acceptance
capital growth indicators
cashflow analysis
compliance with legislation
financial feasibility studies
review of stated client requirements
sale realisation potential analysis.
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.
Asset may include:
buildings
business and marketing contracts
equipment
furniture
goodwill
land
vehicles.
Regeneration may relate to:
rebuild
redecorate
redevelop
refinance
re-fit
remodel
renovate
repackage
re-tenant.
Relevant people may include:
architects
builders
clients
legal representatives
management and colleagues
members of industry associations
principals
service providers
users.
Organisational requirements may be outlined and reflected in:
access and equity principles and practice guidelines
business and performance plans
complaint and dispute resolution procedures
goals, objectives, plans, systems and processes
legal and ethical requirements and codes of practice
mission statements and strategic plans
OHS policies, procedures and programs
policies and procedures in relation to client service
quality and continuous improvement processes and standards
quality assurance and procedure manuals.
Consultative processes may include:
face-to-face meetings
telephone, facsimile and written communication.
Relevant documentation may include:
agreements
building codes
certificates of occupancy
contracts
leases
licences
permits
plans
specifications.
Legislative requirements may be outlined and reflected in:
Australian standards, and quality assurance and certification requirements
award and enterprise agreements
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 law
home building requirements
privacy requirements
relevant federal, and state or territory legislation that affects organisational operation, including:
anti-discrimination and diversity
environmental issues
EEO
industrial relations
OHS
strata, community and company titles
tenancy agreements
trade practices laws and guidelines.
Regeneration options may include:
change of use
market reposition
refurbishment.
Clients may include:
asset or property agents
asset or property owners
company management
fund managers
fund providers
government and legal instruments or agencies
institutions
internal and external property groups
owner-occupiers
private investors
users.
Specialist advice may be sought from:
architects
bankers and financiers
builders
business consultants
government officials
investment consultants
members of industry associations
planners
real estate agents
solicitors
subcontractors
technical experts
valuers.
Benchmarks may include:
comparative analysis
discounted cash flow
industry association performance index
inflation rate
internal rate of return
life cycle costing
published vacancy factors
take-up rates
tenancy mixes.
Criteria may relate to:
capital growth
cash flow
degree of compliance with legislation
degree of market acceptance
financial feasibility
foregone income
sale realisation potential
stated client requirements.
Business equipment and technology may include:
computers
data storage devices
facsimile machines
internet, extranet and intranet
photocopiers
printers
scanners
software applications, including database spreadsheets and word applications.
Feedback may be received through:
clients and their legal representatives
management and colleagues.
Relevant information may include information relating to:
agreements
building codes
company services
construction costs
current and planned property or site developments
deposited, survey and other plans
depreciation schedules
land title documentation
leasing rates
legal documentation
licences
management policy and procedures
marketing services
occupancy rates
operating costs
permits
rates notices
sales information
specifications
taxation records
tenancy and other contracts.
Sources of information may include:
consultants
information services
press clippings
published industry data, including industry indices
third parties
trade journals.
Interpersonal techniques may include:
active listening
clear presentation of options
culturally inclusive and sensitive engagement techniques
questioning to clarify and confirm understanding
two-way interaction
use of culturally appropriate language and concepts
verbal or non-verbal language.
Methods may include:
analysis of degree of market acceptance
capital growth indicators
cashflow analysis
compliance with legislation
financial feasibility studies
review of stated client requirements
sale realisation potential analysis.
EVIDENCE GUIDE
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, the range statement and the Assessment Guidelines for this Training Package.
Overview of assessment
This unit of competency could be assessed through practical demonstration of assessing the viability of regeneration options for property. Targeted written (including alternative formats where necessary) or verbal questioning to assess the candidate's underpinning knowledge would provide additional supporting evidence of competence. The demonstration and questioning would include collecting evidence of the candidate's knowledge and application of ethical standards and relevant federal, and state or territory legislation and regulations. This assessment may be carried out in a simulated or workplace environment.
Critical aspects for assessment and evidence required to demonstrate competency in this unit
A person who demonstrates competency in this unit must be able to provide evidence of:
assessing viability of regeneration options against specific criteria and presenting information on preferred option
developing a project plan through consultation and research
developing assessment criteria using industry benchmarks and feedback
knowledge of organisation's practices, ethical standards and legislative requirements associated with assessing the viability of regeneration options for property
sourcing and accessing relevant information and identifying constraints and opportunities regarding regeneration methods.
Context of and specific resources for assessment
Resource implications for assessment include:
a registered provider of assessment services
assessment materials and tools
candidate special requirements
competency standards
cost and time considerations
suitable assessment venue and equipment.
Where applicable, physical resources should include equipment modified for people with disabilities.
Access must be provided to appropriate learning and/or assessment support when required.
Assessment processes and techniques must be culturally appropriate, and appropriate to the language and literacy capacity of the candidate and the work being performed.
Validity and sufficiency of evidence require that:
competency will need to be demonstrated over a period of time reflecting the scope of the role and the practical requirements of the workplace
where the assessment is part of a structured learning experience the evidence collected must relate to a number of performances assessed at different points in time and separated by further learning and practice with a decision of competence only taken at the point when the assessor has complete confidence in the person's competence
all assessment that is part of a structured learning experience must include a combination of direct, indirect and supplementary evidence
where assessment is for the purpose of recognition (RCC/RPL), the evidence provided will need to be current and show that it represents competency demonstrated over a period of time
assessment can be through simulated project-based activity and must include evidence relating to each of the elements in this unit.
In all cases activity and must include evidence relating to each of the where practical assessment is used it will be combined with targeted questioning to assess the underpinning knowledge. Questioning will be undertaken in such a manner as is appropriate to the language and literacy levels of the candidate and any cultural issues that may affect responses to the questions, and will reflect the requirements of the competency and the work being performed.
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, the range statement and the Assessment Guidelines for this Training Package.
Overview of assessment
This unit of competency could be assessed through practical demonstration of assessing the viability of regeneration options for property. Targeted written (including alternative formats where necessary) or verbal questioning to assess the candidate's underpinning knowledge would provide additional supporting evidence of competence. The demonstration and questioning would include collecting evidence of the candidate's knowledge and application of ethical standards and relevant federal, and state or territory legislation and regulations. This assessment may be carried out in a simulated or workplace environment.
Critical aspects for assessment and evidence required to demonstrate competency in this unit
A person who demonstrates competency in this unit must be able to provide evidence of:
assessing viability of regeneration options against specific criteria and presenting information on preferred option
developing a project plan through consultation and research
developing assessment criteria using industry benchmarks and feedback
knowledge of organisation's practices, ethical standards and legislative requirements associated with assessing the viability of regeneration options for property
sourcing and accessing relevant information and identifying constraints and opportunities regarding regeneration methods.
Context of and specific resources for assessment
Resource implications for assessment include:
a registered provider of assessment services
assessment materials and tools
candidate special requirements
competency standards
cost and time considerations
suitable assessment venue and equipment.
Where applicable, physical resources should include equipment modified for people with disabilities.
Access must be provided to appropriate learning and/or assessment support when required.
Assessment processes and techniques must be culturally appropriate, and appropriate to the language and literacy capacity of the candidate and the work being performed.
Validity and sufficiency of evidence require that:
competency will need to be demonstrated over a period of time reflecting the scope of the role and the practical requirements of the workplace
where the assessment is part of a structured learning experience the evidence collected must relate to a number of performances assessed at different points in time and separated by further learning and practice with a decision of competence only taken at the point when the assessor has complete confidence in the person's competence
all assessment that is part of a structured learning experience must include a combination of direct, indirect and supplementary evidence
where assessment is for the purpose of recognition (RCC/RPL), the evidence provided will need to be current and show that it represents competency demonstrated over a period of time
assessment can be through simulated project-based activity and must include evidence relating to each of the elements in this unit.
In all cases activity and must include evidence relating to each of the where practical assessment is used it will be combined with targeted questioning to assess the underpinning knowledge. Questioning will be undertaken in such a manner as is appropriate to the language and literacy levels of the candidate and any cultural issues that may affect responses to the questions, and will reflect the requirements of the competency and the work being performed.
No information
| State Code | National Code | Title | Type |
|---|---|---|---|
| J047 | CHC60312 | Advanced Diploma of Community Sector Management | Qualification |
| W978 | CPP50511 | Diploma of Property Services (Asset and Facility Management) | Qualification |