Cross-lease titles in Ashburton
LINZ records 443 cross-lease titles in Ashburton, 21.5% of its 2,059 live titles: well above Ashburton District as a whole (5.6%) and well above New Zealand (8.7%).
- Cross-lease titles
- 443
- Share of live titles
- 21.5%
- Ashburton District share
- 5.6%
- New Zealand share
- 8.7%
- Rank by share in Ashburton District, among suburbs with 50+ cross-lease titles
- 1 of 5
By share it is the highest of 5 in Ashburton District, among suburbs with 50 or more cross-lease titles; across New Zealand it is in the top quarter of the 559 such suburbs.
How the cross-leases in Ashburton are set up
Separate exclusive-use areas are less common (2% of schemes, against 5% nationally).
More schemes have four or more flats on one section (25%, against 11% nationally), up to 8.
Three-flat schemes are more common here (21%, against 12% nationally).
| Scheme structure | Ashburton | Ashburton District | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 161 | 431 | 87,651 |
| Two-flat schemes | 54.0% | 65.7% | 76.2% |
| Three-flat schemes | 20.5% | 17.6% | 12.2% |
| Four or more flats | 24.8% | 16.2% | 11.4% |
| Typical section size (from the titles, not a survey) | 1,011 m² | 954 m² | 908 m² |
| Typical land per flat | 338 m² | 352 m² | 408 m² |
| Schemes with a garage written into a lease | 30.4% | 28.5% | 28.4% |
| Schemes with a carport in a lease | 11.2% | 9.0% | 13.3% |
| Schemes with a separate exclusive-use area | 1.9% | 2.3% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 22.4% | 21.3% | 35.6% |
| Median year of earliest current title | 1982 | 1983 | 1988 |
| Two-flat schemes on 700 m² or more | 61 | 188 | 54,978 |