Cross-lease titles in Richmond, Christchurch City
LINZ records 500 cross-lease titles in Richmond, 22.4% of its 2,236 live titles: above Christchurch City as a whole (15.6%) and well above New Zealand (8.7%).
Richmond, Christchurch City: cross-lease titles
- Cross-lease titles
- 500
- Share of live titles
- 22.4%
- Christchurch City share
- 15.6%
- New Zealand share
- 8.7%
- Rank by share in Christchurch City, among suburbs with 50+ cross-lease titles
- 15 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 Richmond are set up
More schemes have four or more flats on one section (28%, against 11% nationally), up to 10.
More leases include a garage (62% of schemes, against 28% nationally).
Separate exclusive-use areas are less common (3% of schemes, against 5% nationally).
| Scheme structure | Richmond | Christchurch City | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 171 | 12,525 | 87,651 |
| Two-flat schemes | 60.8% | 79.7% | 76.2% |
| Three-flat schemes | 11.7% | 7.8% | 12.2% |
| Four or more flats | 27.5% | 12.2% | 11.4% |
| Typical section size (from the titles, not a survey) | 852 m² | 809 m² | 908 m² |
| Typical land per flat | 316 m² | 369 m² | 408 m² |
| Schemes with a garage written into a lease | 62.0% | 52.2% | 28.4% |
| Schemes with a carport in a lease | 8.8% | 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) | 24.6% | 25.6% | 35.6% |
| Median year of earliest current title | 1986 | 1989 | 1988 |
| Two-flat schemes on 700 m² or more | 75 | 6,564 | 54,978 |