Cross-lease titles in Castlecliff
LINZ records 137 cross-lease titles in Castlecliff, 5.1% of its 2,667 live titles: below Whanganui District as a whole (6.6%) and well below New Zealand (8.7%).
Castlecliff: cross-lease titles
- Cross-lease titles
- 137
- Share of live titles
- 5.1%
- Whanganui District share
- 6.6%
- New Zealand share
- 8.7%
- Rank by share in Whanganui District, among suburbs with 50+ cross-lease titles
- 8 of 8
By share it is the lowest of 8 in Whanganui District, among suburbs with 50 or more cross-lease titles; across New Zealand it is in the bottom quarter of the 559 such suburbs.
How the cross-leases in Castlecliff are set up
Separate exclusive-use areas are less common (3% of schemes, against 5% nationally).
Fewer schemes refer to more than one flats plan (25%, against 36% nationally), usually because a plan was redrawn.
Three-flat schemes are less common here (9%, against 12% nationally).
| Scheme structure | Castlecliff | Whanganui District | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 59 | 602 | 87,651 |
| Two-flat schemes | 83.1% | 67.4% | 76.2% |
| Three-flat schemes | 8.5% | 14.1% | 12.2% |
| Four or more flats | 8.5% | 18.1% | 11.4% |
| Typical section size (from the titles, not a survey) | 951 m² | 863 m² | 908 m² |
| Typical land per flat | 404 m² | 344 m² | 408 m² |
| Schemes with a garage written into a lease | 35.6% | 49.0% | 28.4% |
| Schemes with a carport in a lease | 16.9% | 21.3% | 13.3% |
| Schemes with a separate exclusive-use area | 3.4% | 2.0% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 25.4% | 20.9% | 35.6% |
| Median year of earliest current title | 1986 | 1985 | 1988 |
| Two-flat schemes on 700 m² or more | 36 | 236 | 54,978 |