Leasehold titles in Wellington Central
LINZ records 123 leasehold titles in Wellington Central, 3.5% of its 3,504 live titles: well above Wellington City as a whole (1.5%) and well above New Zealand (1.2%).
Wellington Central: leasehold titles
- Leasehold titles
- 123
- Share of live titles
- 3.5%
- Wellington City share
- 1.5%
- New Zealand share
- 1.2%
- Rank by share in Wellington City, among suburbs with 50+ leasehold titles
- 3 of 10
By share it is 3rd highest of 10 in Wellington City, among suburbs with 50 or more leasehold titles.
Lease terms in Wellington Central
70 of 123 are ground leases and 53 leasehold units; the largest groups, 44% each, are leases that mention renewal, including perpetually renewable leases and leases with no stated or readable term.
| 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 | 12 |
| Term mentions renewal | 54 |
| Term not stated or not readable | 54 |
New leasehold titles since 2020
12 of Wellington Central's leasehold titles were first issued since 2020: 14% of all its new titles in that time, well above Wellington City (2%).
Wellington City suburbs with the most leasehold titles
| Suburb | Leasehold titles | Share |
|---|---|---|
| Karori | 121 | 2.0% |
| Miramar | 109 | 2.9% |
| Churton Park | 85 | 2.9% |
| Mount Victoria | 72 | 3.3% |
| Aro Valley | 71 | 6.4% |
| Te Aro | 71 | 0.8% |
| Tawa | 68 | 1.2% |
| Roseneath | 63 | 7.8% |
| Thorndon | 57 | 2.6% |