Cross-lease titles in Masterton
LINZ records 208 cross-lease titles in Masterton, 4.3% of its 4,862 live titles: above Masterton District as a whole (3.1%) and well below New Zealand (8.7%).
- Cross-lease titles
- 208
- Share of live titles
- 4.3%
- Masterton District share
- 3.1%
- New Zealand share
- 8.7%
- Rank by share in Masterton District, among suburbs with 50+ cross-lease titles
- 3 of 4
By share it is 3rd 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 Masterton are set up
Fewer schemes refer to more than one flats plan (15%, against 36% nationally), usually because a plan was redrawn.
More schemes have four or more flats on one section (23%, against 11% nationally), up to 8.
Fewer leases include a garage (15% of schemes, against 28% nationally).
| Scheme structure | Masterton | Masterton District | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 79 | 188 | 87,651 |
| Two-flat schemes | 62.0% | 60.1% | 76.2% |
| Three-flat schemes | 15.2% | 16.5% | 12.2% |
| Four or more flats | 22.8% | 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 | 422 m² | 407 m² | 408 m² |
| Schemes with a garage written into a lease | 15.2% | 14.9% | 28.4% |
| Schemes with a carport in a lease | 11.4% | 10.6% | 13.3% |
| Schemes with a separate exclusive-use area | 6.3% | 3.7% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 15.2% | 14.4% | 35.6% |
| Median year of earliest current title | 1987 | 1986 | 1988 |
| Two-flat schemes on 700 m² or more | 41 | 98 | 54,978 |