Cross-lease titles in Kuripuni
LINZ records 55 cross-lease titles in Kuripuni, 6.3% of its 868 live titles: well above Masterton District as a whole (3.1%) and below New Zealand (8.7%).
- Cross-lease titles
- 55
- Share of live titles
- 6.3%
- Masterton District share
- 3.1%
- New Zealand share
- 8.7%
- Rank by share in Masterton District, among suburbs with 50+ cross-lease titles
- 2 of 4
By share it is 2nd highest of 4 in Masterton District, 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 Kuripuni are set up
Fewer schemes refer to more than one flats plan (10%, against 36% nationally), usually because a plan was redrawn.
More schemes have four or more flats on one section (19%, against 11% nationally), up to 8.
Fewer leases include a garage (19% of schemes, against 28% nationally).
| Scheme structure | Kuripuni | Masterton District | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 21 | 188 | 87,651 |
| Two-flat schemes | 66.7% | 60.1% | 76.2% |
| Three-flat schemes | 14.3% | 16.5% | 12.2% |
| Four or more flats | 19.0% | 23.4% | 11.4% |
| Typical section size (from the titles, not a survey) | 1,012 m² | 1,004 m² | 908 m² |
| Typical land per flat | 432 m² | 407 m² | 408 m² |
| Schemes with a garage written into a lease | 19.0% | 14.9% | 28.4% |
| Schemes with a carport in a lease | 9.5% | 10.6% | 13.3% |
| Schemes with a separate exclusive-use area | 0.0% | 3.7% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 9.5% | 14.4% | 35.6% |
| Median year of earliest current title | 1988 | 1986 | 1988 |
| Two-flat schemes on 700 m² or more | 14 | 98 | 54,978 |