Cross-lease titles in Gleniti
LINZ records 90 cross-lease titles in Gleniti, 6.4% of its 1,412 live titles: close to Timaru District as a whole (6.3%) and below New Zealand (8.7%).
- Cross-lease titles
- 90
- Share of live titles
- 6.4%
- Timaru District share
- 6.3%
- New Zealand share
- 8.7%
- Rank by share in Timaru District, among suburbs with 50+ cross-lease titles
- 9 of 12
Across New Zealand its share is in the bottom quarter of the 559 such suburbs.
How the cross-leases in Gleniti are set up
Fewer schemes have four or more flats on one section (2%, against 11% nationally).
Separate exclusive-use areas are less common (2% of schemes, against 5% nationally).
Fewer schemes refer to more than one flats plan (26%, against 36% nationally), usually because a plan was redrawn.
| Scheme structure | Gleniti | Timaru District | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 42 | 620 | 87,651 |
| Two-flat schemes | 88.1% | 64.4% | 76.2% |
| Three-flat schemes | 9.5% | 19.2% | 12.2% |
| Four or more flats | 2.4% | 16.5% | 11.4% |
| Typical section size (from the titles, not a survey) | 720 m² | 831 m² | 908 m² |
| Typical land per flat | 354 m² | 337 m² | 408 m² |
| Schemes with a garage written into a lease | 23.8% | 32.1% | 28.4% |
| Schemes with a carport in a lease | 11.9% | 11.1% | 13.3% |
| Schemes with a separate exclusive-use area | 2.4% | 2.7% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 26.2% | 28.7% | 35.6% |
| Median year of earliest current title | 1978 | 1984 | 1988 |
| Two-flat schemes on 700 m² or more | 19 | 230 | 54,978 |
Timaru District suburbs with the most cross-lease titles
| Suburb | Cross-lease titles | Share |
|---|---|---|
| West End | 234 | 18.7% |
| Highfield | 195 | 11.4% |
| Seaview | 195 | 18.5% |
| Temuka | 170 | 5.9% |
| Maori Hill | 157 | 27.0% |
| Geraldine | 98 | 5.3% |
| Glenwood | 91 | 11.2% |
| Parkside | 90 | 7.1% |
| Waimataitai | 63 | 8.3% |
| Marchwiel | 57 | 3.6% |