Cross-lease titles in Picton
LINZ records 272 cross-lease titles in Picton, 13.0% of its 2,093 live titles: well above Marlborough District as a whole (7.4%) and above New Zealand (8.7%).
- Cross-lease titles
- 272
- Share of live titles
- 13.0%
- Marlborough District share
- 7.4%
- New Zealand share
- 8.7%
- Rank by share in Marlborough District, among suburbs with 50+ cross-lease titles
- 4 of 6
By share it is 3rd lowest of 6 in Marlborough District, among suburbs with 50 or more cross-lease titles.
How the cross-leases in Picton are set up
Separate exclusive-use areas are less common (2% of schemes, against 5% nationally).
Carports appear in fewer leases (7% of schemes, against 13% nationally).
More schemes have four or more flats on one section (17%, against 11% nationally), up to 13.
| Scheme structure | Picton | Marlborough District | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 99 | 989 | 87,651 |
| Two-flat schemes | 68.7% | 77.5% | 76.2% |
| Three-flat schemes | 14.1% | 12.2% | 12.2% |
| Four or more flats | 17.2% | 10.2% | 11.4% |
| Typical section size (from the titles, not a survey) | 852 m² | 870 m² | 908 m² |
| Typical land per flat | 337 m² | 394 m² | 408 m² |
| Schemes with a garage written into a lease | 38.4% | 35.0% | 28.4% |
| Schemes with a carport in a lease | 7.1% | 11.2% | 13.3% |
| Schemes with a separate exclusive-use area | 2.0% | 2.4% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 30.3% | 31.5% | 35.6% |
| Median year of earliest current title | 1984 | 1989 | 1988 |
| Two-flat schemes on 700 m² or more | 41 | 593 | 54,978 |
New cross-lease titles since 2020
7 of Picton's cross-lease titles were first issued since 2020: 8% of all its new titles in that time, well above Marlborough District (1%) (new cross-lease titles can follow a flats plan being updated, so they are not new schemes).
Marlborough District suburbs with the most cross-lease titles
| Suburb | Cross-lease titles | Share |
|---|---|---|
| Blenheim | 664 | 18.2% |
| Redwoodtown | 499 | 19.8% |
| Witherlea | 400 | 14.5% |
| Springlands | 153 | 6.5% |
| Mayfield | 113 | 11.8% |