Strata area. The
market generally adopts the strata area shown on a registered strata
plan as the basis of negotiation and sale.
strata area is usually measured from the inside face of the wall and
the area calculated by a registered surveyor. The strata area is
usually adopted as the basis for negotiations for individual and
whole building strata units. Valuations generally show the PCA
leasable areas for the capitalisation approach and the strata area
for analysis of direct comparables (this may vary in some markets).
In all cases, the basis for the method of measurement being used
should be clearly stated.