Banking, Finance & Insurance - VALUER OR PROPERTY ECONOMIST
Comparing
unimproved values in homes in Canberra, ACT!
Primary
Middle
Secondary
Australian
Curriculum General Capability:
Numeracy
Australian
Curriculum General Capability:
Personal and social capability
1. In pairs, go to the Allhomes website - Canberra houses
2. Select two suburbs in Tuggeranong eg. Wanniassa and Fadden. Then select 5 houses (not apartments) for sale.
3. Look at the Vital Statistics, eg:
and, note down the UV (Unimproved Value) of each of the 5 houses in your two selected suburbs.
4. Compare your 5 selected houses in each suburb in a graph. Which is the more expensive suburb to live in?
Secondary
5. Compare and contrast the average UV of your five houses with the Median Sale Price for your suburb. What does this comparison tell you about the trend of prices within each suburb?
What should buyers of a
house be told about it? A Community of Inquiry
Middle
Secondary
Australian
Curriculum General Capability:
Critical and creative thinking
Australian
Curriculum General Capability: Ethical Understanding
Philosophy
Cooperative
Learning Activity
1. 
Teacher
Process:
Community of Inquiry.
Get the students to form a circle
with their chairs or directly on the floor. Everyone is to be in the circle
including the Teacher.
Using stimulus material, read the
article [below] by asking
each group of
students to
take turns to read out loud each paragraph.
Set up a Question Quadrant on the floor or on a whiteboard:
2. In groups of 3 - 4 students, you are to read the following articles from
The Conversation 12 September 2018.
The Conversation 13 March 2020
3. The students in each group are to come up with 4 questions - one for each quadrant about the stimulus material.
The Questions for Thinking are the hardest to come up with – but that is what we are aiming for.
Some examples of all types of questions:
-
What are the scenarios listed where full disclosure has not been given?
-
How far should disclosure go?
4. List all the questions for thinking on the whiteboard. Group those questions that are similar. Work out the most popular question for discussion.
5. Start the CoI discussion.
Next lesson
6. Divide your group into two. One group is to be the seller and one group is to be the buyer.
Write down all your thoughts, feelings and ideas about disclosure. Share your ideas with your group.
7. Further Discussion
Discuss whether you would like to live in a house where a murder has taken place? Why? Why not? Give reasons.
8. Discuss the following question:
"Should the real estate agent disclose this event [murder] when they have been told by the valuer that the property value will be a lot lower and might not sell as a result of this disclosure?"
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