2021 Report

Page 26

Executive Summary Introduction Economy

HOUSING

Sections and units titled 1217

UP

1%

sections and units titled

ON 2020

Housing

Titles issued, 2021

HAMILTON

I N FIL L 8 3 1

People

1217

A 236 TUN TO RO

Across Hamilton there were 1217 titles issued in 2021 with over 75% for freehold sections and 24% for unit titles, the latter being separate titles within an attached dwelling or apartment. Infill accounted for 68% of all new titles issued in 2021. For greenfield areas, Rototuna had the most sections titled in 2021, however, Peacocke is expected to increase significantly in titled sections given the pipeline of future residential development in the area.

Commercial

Generally, after a subdivision consent is granted and various pre-certification approvals are obtained, a developer will be issued a 224c certificate by Council. This allows the developer to apply to LINZ for title. Once the title is issued, a developer can sell the section separately. The issuing of a 224c certificate is in almost all cases followed by application for and issuance of a legal title over the land – and therefore for ease it is accurate enough to refer to them as ‘titled sections’.

PEACOCKE 40 RUAKURA 95 OTHER AREAS 15

Hamilton City Council - 2021 Hamilton Annual Economic Report

Central City

26


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