Internal space- floor plan and contract varies

Hi everyone,

We are looking at an apartment in Sydney (not off the plan- art deco period) and can't get the floor plan to match up with the contract.

The contract states "approximate area 570 square feet" (~53m2) but even being generous I can only get the floor plan to show circa 47m2.

Which should I rely on? (and more importantly, which will banks relies on?) (especially given the 50m2 is the magical number

The walls are REALLY thick- are these counted?

 

For the banks, if they do a desktop valuation they will use whatever is on RP data - you can get your broker to pull a report if you would like to see what RP data has listed as the floor space. If they do a full valuation the valuer will come out with a stupid laser and do it manually. I don't believe they count the walls (walls are counted in the floor area), but I'm not 100% sure on that, anyone else know for sure?

 

I believe that the internal space includes the walls. If you say you have very thick walls then this may be the discrepancy