Cross-lease titles in Paparangi, Wellington City
LINZ records 56 cross-lease titles in Paparangi, 5.5% of its 1,018 live titles: close to Wellington City as a whole (5.6%) and well below New Zealand (8.7%).
Paparangi, Wellington City: cross-lease titles
- Cross-lease titles
- 56
- Share of live titles
- 5.5%
- Wellington City share
- 5.6%
- New Zealand share
- 8.7%
- Rank by share in Wellington City, among suburbs with 50+ cross-lease titles
- 17 of 23
Across New Zealand its share is in the bottom quarter of the 559 such suburbs.
How the cross-leases in Paparangi are set up
Fewer schemes refer to more than one flats plan (12%, against 36% nationally), usually because a plan was redrawn.
Carports appear in fewer leases (8% of schemes, against 13% nationally).
Three-flat schemes are less common here (8%, against 12% nationally).
| Scheme structure | Paparangi | Wellington City | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 25 | 2,130 | 87,651 |
| Two-flat schemes | 84.0% | 82.4% | 76.2% |
| Three-flat schemes | 8.0% | 6.7% | 12.2% |
| Four or more flats | 8.0% | 10.4% | 11.4% |
| Typical section size (from the titles, not a survey) | 721 m² | 759 m² | 908 m² |
| Typical land per flat | 333 m² | 350 m² | 408 m² |
| Schemes with a garage written into a lease | 20.0% | 18.0% | 28.4% |
| Schemes with a carport in a lease | 8.0% | 8.1% | 13.3% |
| Schemes with a separate exclusive-use area | 4.0% | 4.3% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 12.0% | 22.5% | 35.6% |
| Median year of earliest current title | 1986 | 1987 | 1988 |
| Two-flat schemes on 700 m² or more | 9 | 991 | 54,978 |