Leasehold titles in Te Aro
LINZ records 71 leasehold titles in Te Aro, 0.8% of its 9,256 live titles: well below Wellington City as a whole (1.5%) and against New Zealand (1.2%).
- Leasehold titles
- 71
- Share of live titles
- 0.8%
- Wellington City share
- 1.5%
- New Zealand share
- 1.2%
- Rank by share in Wellington City, among suburbs with 50+ leasehold titles
- 10 of 10
By share it is the lowest of 10 in Wellington City, among suburbs with 50 or more leasehold titles; across New Zealand it is in the bottom tenth of the 137 such suburbs.
Lease terms in Te Aro
48 of 71 are ground leases and 23 leasehold units; the largest group, 61%, comprises leases that mention renewal, including perpetually renewable leases.
| Stated lease term | Titles |
|---|---|
| Stated term has ended | 0 |
| Under 10 years left | 1 |
| 10 to 50 years left | 2 |
| More than 50 years left | 2 |
| Term mentions renewal | 43 |
| Term not stated or not readable | 23 |
New leasehold titles since 2020
10 of Te Aro's leasehold titles were first issued since 2020: 0% of all its new titles in that time, against Wellington City (2%).
Wellington City suburbs with the most leasehold titles
| Suburb | Leasehold titles | Share |
|---|---|---|
| Wellington Central | 123 | 3.5% |
| Karori | 121 | 2.0% |
| Miramar | 109 | 2.9% |
| Churton Park | 85 | 2.9% |
| Mount Victoria | 72 | 3.3% |
| Aro Valley | 71 | 6.4% |
| Tawa | 68 | 1.2% |
| Roseneath | 63 | 7.8% |
| Thorndon | 57 | 2.6% |