Cross-lease titles in Hornby
LINZ records 837 cross-lease titles in Hornby, 23.3% of its 3,595 live titles: above Christchurch City as a whole (15.6%) and well above New Zealand (8.7%).
- Cross-lease titles
- 837
- Share of live titles
- 23.3%
- Christchurch City share
- 15.6%
- New Zealand share
- 8.7%
- Rank by share in Christchurch City, among suburbs with 50+ cross-lease titles
- 13 of 68
By share it is in the highest quarter of 68 in Christchurch City, 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 Hornby are set up
Carports appear in fewer leases (5% of schemes, against 13% nationally).
Separate exclusive-use areas are less common (2% of schemes, against 5% nationally).
More leases include a garage (65% of schemes, against 28% nationally).
| Scheme structure | Hornby | Christchurch City | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 327 | 12,525 | 87,651 |
| Two-flat schemes | 71.6% | 79.7% | 76.2% |
| Three-flat schemes | 13.5% | 7.8% | 12.2% |
| Four or more flats | 14.7% | 12.2% | 11.4% |
| Typical section size (from the titles, not a survey) | 875 m² | 809 m² | 908 m² |
| Typical land per flat | 404 m² | 369 m² | 408 m² |
| Schemes with a garage written into a lease | 65.4% | 52.2% | 28.4% |
| Schemes with a carport in a lease | 5.2% | 5.2% | 13.3% |
| Schemes with a separate exclusive-use area | 1.8% | 2.1% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 30.9% | 25.6% | 35.6% |
| Median year of earliest current title | 1990 | 1989 | 1988 |
| Two-flat schemes on 700 m² or more | 201 | 6,564 | 54,978 |
New cross-lease titles since 2020
10 of Hornby's cross-lease titles were first issued since 2020: 3% of all its new titles in that time, against Christchurch City (1%) (new cross-lease titles can follow a flats plan being updated, so they are not new schemes).