Cross-lease titles in Thames
LINZ records 220 cross-lease titles in Thames, 5.7% of its 3,856 live titles: slightly above Thames-Coromandel District as a whole (4.8%) and well below New Zealand (8.7%).
- Cross-lease titles
- 220
- Share of live titles
- 5.7%
- Thames-Coromandel District share
- 4.8%
- New Zealand share
- 8.7%
- Rank by share in Thames-Coromandel District, among suburbs with 50+ cross-lease titles
- 2 of 4
By share it is 2nd highest of 4 in Thames-Coromandel 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 Thames are set up
Fewer leases include a garage (13% of schemes, against 28% nationally).
Carports appear in fewer leases (7% of schemes, against 13% nationally).
Fewer schemes refer to more than one flats plan (25%, against 36% nationally), usually because a plan was redrawn.
| Scheme structure | Thames | Thames-Coromandel District | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 96 | 717 | 87,651 |
| Two-flat schemes | 76.0% | 90.7% | 76.2% |
| Three-flat schemes | 15.6% | 6.0% | 12.2% |
| Four or more flats | 8.3% | 3.1% | 11.4% |
| Typical section size (from the titles, not a survey) | 828 m² | 822 m² | 908 m² |
| Typical land per flat | 378 m² | 406 m² | 408 m² |
| Schemes with a garage written into a lease | 12.5% | 23.8% | 28.4% |
| Schemes with a carport in a lease | 7.3% | 2.9% | 13.3% |
| Schemes with a separate exclusive-use area | 4.2% | 12.1% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 25.0% | 35.1% | 35.6% |
| Median year of earliest current title | 1984 | 1990 | 1988 |
| Two-flat schemes on 700 m² or more | 45 | 551 | 54,978 |
Thames-Coromandel District suburbs with the most cross-lease titles
| Suburb | Cross-lease titles | Share |
|---|---|---|
| Whangamatā | 800 | 15.3% |
| Whitianga | 170 | 3.8% |
| Pauanui | 125 | 4.5% |