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Cross-lease titles in Parnell

LINZ records 554 cross-lease titles in Parnell, 11.7% of its 4,746 live titles: slightly below Auckland as a whole (14.4%) and above New Zealand (8.7%).

Parnell: cross-lease titles

Cross-lease titles
554
Share of live titles
11.7%
Auckland share
14.4%
New Zealand share
8.7%
Rank by share in Auckland, among suburbs with 50+ cross-lease titles
106 of 152

https://data.linz.govt.nz/layer/50804-nz-property-titles/

How the cross-leases in Parnell are set up

More schemes have four or more flats on one section (38%, against 11% nationally), up to 22.

Two-flat schemes are less common here (39% of schemes, against 76% nationally).

Three-flat schemes are more common here (23%, against 12% nationally).

Scheme structureParnellAucklandNew Zealand
Cross-lease schemes (shared sections)14639,58987,651
Two-flat schemes39.0%73.7%76.2%
Three-flat schemes23.3%14.0%12.2%
Four or more flats37.7%12.0%11.4%
Typical section size (from the titles, not a survey)862 m²961 m²908 m²
Typical land per flat258 m²418 m²408 m²
Schemes with a garage written into a lease16.4%23.0%28.4%
Schemes with a carport in a lease17.8%19.2%13.3%
Schemes with a separate exclusive-use area8.2%5.5%4.5%
Schemes referring to more than one flats plan (usually redrawn; not by itself a problem)39.0%42.1%35.6%
Median year of earliest current title199019891988
Two-flat schemes on 700 m² or more3426,27554,978

New cross-lease titles since 2020

11 of Parnell's cross-lease titles were first issued since 2020: 3% of all its new titles in that time, against Auckland (1%) (new cross-lease titles can follow a flats plan being updated, so they are not new schemes).

Auckland suburbs with the most cross-lease titles

SuburbCross-lease titlesShare
Papatoetoe3,99825.8%
Remuera3,04626.7%
Mount Roskill2,89128.3%
Mount Wellington2,70024.1%
Glenfield2,34736.6%
Epsom2,33529.8%
New Lynn2,01624.4%
Mount Eden2,00520.7%
Onehunga1,98522.3%
Papakura1,90216.8%

Sources and limits