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I'm looking for 30%+ in strata property and 50%+ in housing, have seen strata as high as 50%, ratios that are too high usually mean the dwelling is very basic at best, ie: a development site that might have a knock down house on it. Needs interpretation but one of the figures I'm looking at always.

One thing that I always look at is this ratio: value of land / number of units, which is site value in Brisbane / number of units. Combining this with an internal space measure, especially things like the 2nd bedroom which can often be small, is a good way of bench marking I have found.