Property students embarking on their postgraduate studies come from a wide variety of backgrounds. Most of them are of mature age and already working in the property industry nationally and internationally. Many are of the so-called Net Generation and are highly computer literate and expect to engage with their studies using computer systems. Following a review by the accrediting body (the Australian Property Institute) the Master of Property program at the University of Newcastle, Australia has been redeveloped to embrace full online delivery of all courses, replacing traditional paper-based distance learning practices. This paper reports on an evaluation of the effectiveness of the online delivery mode from the perspective of students. It first describes how the property courses are delivered through the Blackboard learning management system. It then analyses the effectiveness of the six major online delivery mechanisms: learning materials, study guides, discussion board postings, weekly reviews, case studies and assignment submissions. The analysis is based on data collected from student surveys and shows that students valued the manner in which Blackboard facilitates and supports learning. The survey data also shows that all six major online delivery mechanisms are considered as useful by students. The MOP students polled were overwhelmingly satisfied with online delivery and found the subject matter to be intellectually challenging and that their courses improved their knowledge and understanding.