Cross-lease titles in Christchurch Central
LINZ records 620 cross-lease titles in Christchurch Central, 6.7% of its 9,277 live titles: well below Christchurch City as a whole (15.6%) and below New Zealand (8.7%).
Christchurch Central: cross-lease titles
- Cross-lease titles
- 620
- Share of live titles
- 6.7%
- Christchurch City share
- 15.6%
- New Zealand share
- 8.7%
- Rank by share in Christchurch City, among suburbs with 50+ cross-lease titles
- 63 of 68
By share it is in the lowest quarter of 68 in Christchurch City, among suburbs with 50 or more cross-lease titles.
How the cross-leases in Christchurch Central are set up
More schemes have four or more flats on one section (62%, against 11% nationally), up to 16.
Two-flat schemes are less common here (20% of schemes, against 76% nationally).
Fewer schemes refer to more than one flats plan (11%, against 36% nationally), usually because a plan was redrawn.
| Scheme structure | Christchurch Central | Christchurch City | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 138 | 12,525 | 87,651 |
| Two-flat schemes | 20.3% | 79.7% | 76.2% |
| Three-flat schemes | 18.1% | 7.8% | 12.2% |
| Four or more flats | 61.6% | 12.2% | 11.4% |
| Typical section size (from the titles, not a survey) | 753 m² | 809 m² | 908 m² |
| Typical land per flat | 175 m² | 369 m² | 408 m² |
| Schemes with a garage written into a lease | 44.9% | 52.2% | 28.4% |
| Schemes with a carport in a lease | 8.0% | 5.2% | 13.3% |
| Schemes with a separate exclusive-use area | 2.9% | 2.1% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 10.9% | 25.6% | 35.6% |
| Median year of earliest current title | 1992 | 1989 | 1988 |
| Two-flat schemes on 700 m² or more | 0 | 6,564 | 54,978 |
New cross-lease titles since 2020
17 of Christchurch Central's cross-lease titles were first issued since 2020: 1% of all its new titles in that time, close to Christchurch City (1%) (new cross-lease titles can follow a flats plan being updated, so they are not new schemes).