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Cross-lease titles in Ngaio

LINZ records 164 cross-lease titles in Ngaio, 7.0% of its 2,338 live titles: above Wellington City as a whole (5.6%) and slightly below New Zealand (8.7%).

Ngaio: cross-lease titles

Cross-lease titles
164
Share of live titles
7.0%
Wellington City share
5.6%
New Zealand share
8.7%
Rank by share in Wellington City, among suburbs with 50+ cross-lease titles
12 of 23

https://data.linz.govt.nz/layer/50804-nz-property-titles/

How the cross-leases in Ngaio are set up

Fewer leases include a garage (10% of schemes, against 28% nationally).

Fewer schemes refer to more than one flats plan (16%, against 36% nationally), usually because a plan was redrawn.

Three-flat schemes are less common here (7%, against 12% nationally).

Scheme structureNgaioWellington CityNew Zealand
Cross-lease schemes (shared sections)732,13087,651
Two-flat schemes80.8%82.4%76.2%
Three-flat schemes6.8%6.7%12.2%
Four or more flats12.3%10.4%11.4%
Typical section size (from the titles, not a survey)900 m²759 m²908 m²
Typical land per flat402 m²350 m²408 m²
Schemes with a garage written into a lease9.6%18.0%28.4%
Schemes with a carport in a lease8.2%8.1%13.3%
Schemes with a separate exclusive-use area5.5%4.3%4.5%
Schemes referring to more than one flats plan (usually redrawn; not by itself a problem)16.4%22.5%35.6%
Median year of earliest current title198019871988
Two-flat schemes on 700 m² or more3999154,978

New cross-lease titles since 2020

7 of Ngaio's cross-lease titles were first issued since 2020: 10% of all its new titles in that time, well above Wellington City (1%) (new cross-lease titles can follow a flats plan being updated, so they are not new schemes).

Wellington City suburbs with the most cross-lease titles

SuburbCross-lease titlesShare
Johnsonville61613.1%
Karori4697.9%
Tawa3806.8%
Miramar3358.8%
Newlands32810.5%
Churton Park2719.2%
Khandallah2306.6%
Woodridge18625.4%
Lyall Bay16611.7%
Island Bay1504.9%

Sources and limits