Cross-lease titles in Windsor, Invercargill City
LINZ records 400 cross-lease titles in Windsor, 22.5% of its 1,779 live titles: well above Invercargill City as a whole (7.3%) and well above New Zealand (8.7%).
Windsor, Invercargill City: cross-lease titles
- Cross-lease titles
- 400
- Share of live titles
- 22.5%
- Invercargill City share
- 7.3%
- New Zealand share
- 8.7%
- Rank by share in Invercargill City, among suburbs with 50+ cross-lease titles
- 1 of 11
By share it is the highest of 11 in Invercargill 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 Windsor are set up
Three-flat schemes are more common here (23%, against 12% nationally).
More schemes have four or more flats on one section (19%, against 11% nationally), up to 7.
Separate exclusive-use areas are less common (3% of schemes, against 5% nationally).
| Scheme structure | Windsor | Invercargill City | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 155 | 714 | 87,651 |
| Two-flat schemes | 58.1% | 53.8% | 76.2% |
| Three-flat schemes | 23.2% | 22.8% | 12.2% |
| Four or more flats | 18.7% | 22.7% | 11.4% |
| Typical section size (from the titles, not a survey) | 1,002 m² | 994 m² | 908 m² |
| Typical land per flat | 372 m² | 362 m² | 408 m² |
| Schemes with a garage written into a lease | 36.8% | 33.6% | 28.4% |
| Schemes with a carport in a lease | 9.7% | 16.1% | 13.3% |
| Schemes with a separate exclusive-use area | 2.6% | 1.7% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 28.4% | 23.0% | 35.6% |
| Median year of earliest current title | 1982 | 1982 | 1988 |
| Two-flat schemes on 700 m² or more | 78 | 326 | 54,978 |