Cross-lease titles in Glengarry, Invercargill City
LINZ records 63 cross-lease titles in Glengarry, 4.3% of its 1,450 live titles: well below Invercargill City as a whole (7.3%) and well below New Zealand (8.7%).
Glengarry, Invercargill City: cross-lease titles
- Cross-lease titles
- 63
- Share of live titles
- 4.3%
- Invercargill City share
- 7.3%
- New Zealand share
- 8.7%
- Rank by share in Invercargill City, among suburbs with 50+ cross-lease titles
- 11 of 11
By share it is the lowest of 11 in Invercargill City, among suburbs with 50 or more cross-lease titles; across New Zealand it is in the bottom quarter of the 559 such suburbs.
How the cross-leases in Glengarry are set up
Three-flat schemes are more common here (38%, against 12% nationally).
Fewer schemes refer to more than one flats plan (17%, against 36% nationally), usually because a plan was redrawn.
More leases include a garage (54% of schemes, against 28% nationally).
| Scheme structure | Glengarry | Invercargill City | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 24 | 714 | 87,651 |
| Two-flat schemes | 54.2% | 53.8% | 76.2% |
| Three-flat schemes | 37.5% | 22.8% | 12.2% |
| Four or more flats | 8.3% | 22.7% | 11.4% |
| Typical section size (from the titles, not a survey) | 914 m² | 994 m² | 908 m² |
| Typical land per flat | 337 m² | 362 m² | 408 m² |
| Schemes with a garage written into a lease | 54.2% | 33.6% | 28.4% |
| Schemes with a carport in a lease | 12.5% | 16.1% | 13.3% |
| Schemes with a separate exclusive-use area | 0.0% | 1.7% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 16.7% | 23.0% | 35.6% |
| Median year of earliest current title | 1979 | 1982 | 1988 |
| Two-flat schemes on 700 m² or more | 8 | 326 | 54,978 |