Short answer
A strata property valuation assesses market value for a unit, townhouse, apartment or other strata or unit title property interest.
The valuer considers the lot, building, location, accommodation, condition, car accommodation, storage, common property, unit plan information and comparable sales evidence.
The exact scope depends on the property, title structure, valuation purpose and instructions.
Start here
Strata valuation is not only about the internal unit. Car spaces, storage, common property, building condition, levies and location within the complex can all affect market value.
The valuer may need to understand what is included with the lot, what is common property and whether any exclusive use or special arrangements apply.
Where the title or plan is unclear, the valuer may need a unit plan, strata plan, title documents or solicitor instructions.
Information that may assist
Useful documents may include unit plans, strata plans, title details, levy notices, car space and storage information, building reports and recent comparable sales evidence.
For apartments and units, position within the complex and car accommodation can be material.
Common questions
- What is a strata property valuation?
- How are car spaces and storage valued?
- Do strata levies affect property value?
- What documents help with a strata valuation?
- How are comparable unit sales analysed?
- What is common property in a valuation?
Discuss your valuation instruction
Provide the unit address, valuation purpose and date, with the unit or strata plan and any relevant information about parking, storage, levies, special levies or known building issues. These details help clarify the interest and evidence to be assessed.
Related glossary
- Strata Property
- Unit Plan
- Common Property
- Exclusive Use
- Car Accommodation
- Storage Area
- Comparable Sale
- Market Value
- Assumption
- Limitation
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Prepared by:
Tigran Amiyants, Certified Practising Valuer (CPV), Managing Director, Northbourne Valuers.
Last reviewed:
12 September 2026.
General information note:
This page provides general information only and does not constitute valuation, legal, taxation or financial advice. Every valuation depends on the specific property, purpose, valuation date, evidence, assumptions and instructions. Legal, taxation and financial matters should be discussed with the appropriate qualified adviser.