Almost one in 10 houses in Auckland change hands within a year, a much higher turnover rate than the rest of New Zealand.

COMMENT: The housing affordability crisis is enough to have you waking in the middle of the night - sweating and screaming.

It is perhaps the world's most decadent deceased estate with a head-spinning $US120 million ($172 million) asking price.

Auckland Council's plans for higher density housing cannot succeed unless the city expands into the countryside, says the council's chief economist.

The bank and the Government need new solutions to the economic damage being done by this raging house market.

COMMENT: People without residency shouldn't be allowed to own NZ real estate. Land is the fundamental ingredient of a country, writes Raybon Kan.

Colin Chisholm turned down the chance to buy a house in Auckland two years ago, instead putting his money into shares and start-up businesses.

COMMENT: Tweaking interest rates or imposing a low rate of land tax to cool the housing market is likely to be ineffective, writes Bryan Gould.

COMMENT: Land tax is arguably the simplest, easiest to administer and most effective solution to housing unaffordability.

A land tax on offshore owners of New Zealand houses could be in place by next year, Prime Minister John Key says.

Prime Minister John Key says he'll tackle foreign buyers if he needs to and New Zealanders overseas could be included.

Prime Minister John Key is considering a land tax on foreign-based house buyers if there is evidence they are pushing up New Zealand house prices.

A top New Zealand property expert opposes a land tax and says a stamp duty is a far better option.

Investors chasing capital gains in Auckland property market are making it harder for first-home buyers to afford a house. Andrew Laxon outlines problems.

Auckland's runaway house prices have made an average home in the city more expensive than Sydney.

COMMENT: What's happening in Auckland is a slow-motion disaster. And it is not a zero sum game. Many are benefiting while we watch others lose out.

From low incomes to high, young and old, Aucklanders and Southlanders - many Kiwis are feeling the effects.

John Key says the Government is waiting for better data on whether there is a problem with overseas buyers purchasing houses.

Only women will be able to rent and live in the 10 single-bedroom apartments in Glenholme, and although the properties are still being renovated, four women have signed on the dotted line.

A real estate agent sacked after on-selling two pensioners' home for a $725,000 profit faces two misconduct charges that also relate to on-selling property.

When Vicki and Mike Crosby's daughter and her partner started looking for a house, Mum and Dad put up their hands to help.

COMMENT: You'll not often find a five-double-bedroom, two-bathroom home in Auckland for this price, writes Heather du Plessis-Allan.

A young couple who were told they would qualify for an $8000 govt grant to help buy first home are in shock after finding out they can only get half that.

INTERACTIVE: Discover how many properties are within your price range, around the country.

Geoff and Elizabeth McKenzie didn't expect to have all their children back home in their twenties and thirties but it's a reality they have been happy to adjust to.

A fire-damaged property in the heart of Ponsonby with a capital value of $1.37 million will go to auction next month.

West Auckland grandmother Lee Hickey is moving out of her house to make room for her daughter, son-in-law and their two children.

An agent helping two pensioners sell their home has been sacked after buying the property for $530,000 and selling it for $1.255 million in just four months.