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The latest report from property website Daft.ie shows that rents across the country have reached a record high of €1,200 per month.

Figures show that Dublin is the worst affected area with average rents now standing at €1,774, an increase of over 12 per cent on last year.

Further increases where seen in Cork (five per cent), Galway (nine per cent) and Limerick (10.9 per cent).

Author of the report, Ronan Lyons says the report clearly shows that the rent pressure zone system is not working.

“There isn't a single part of the country where rents are increasing less than 4% a year which is what the rent pressure zones are designed to do,” he said.

“It is not clear to me that the system of rent pressure zones is working, in fact it may be having the opposite effect.”

This thought was echoed by homelessness charity Focus Ireland who say that loopholes in the law allow landlords to raise the rent by more than the four per cent limit.

Mike Allen of Focus Ireland said: "The minister has to change that legislation, he has to get rid of that loophole and he has to make sure that families and other people in rented accommodation can rely on the tenancy treatment they have and not see it torn up at a moments notice."

The new rent figures come as the ESRI predict that house prices could rise by up to 20 per cent by 2020 if the rate of supply does not increase.

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We all know how difficult it is to find a good job, own your own home and provide for your family these days.

Yet, residents of Kaitangata, a small town in the South of New Zealand are reaching out for new residents to live in their town – for a very little price.

With a population of 800 people, local businesses and town authorities are trying to offer people from other parts of New Zealand, home and land-buying packages with extremely favourable terms.

They're hoping that people and families living in the city might be tempted to join the country lifestyle in the Clutha district, which has an estimated 1,000 jobs on offer.

According to Kaitangata's local mayor, Bryan Cadogen, there are "hundreds and hundreds of jobs, real good paying jobs that give a person a chance."

One of the town's leading recruiters, Evan Dick said: "The housing crisis in New Zealand has made the Kiwi dream unattainable for many people, but in Kaitangata, the Kiwi dream is still a reality.

"This is an old-fashioned community, we don't lock our houses, we let kids run free. We have jobs, we have houses, but we don't have people. We want to make this town vibrant again, we are waiting with open arms."

The houses and land packages are going for around NZ$230,000 (€147,000), which is practically unheard of these days.

"When I was unemployed and had a family to feed, Clutha gave me a chance, and now we want to offer that opportunity to other Kiwi families who might be struggling," Mayor Cadogen told The Guardian.

"We have got youth unemployment down to two. Not 2% – just two unemployed young people.

"So many of the things Kiwis value, such as owning your own home and providing for your family, have become an impossible dream. For a lot of people in New Zealand is just an endless slog. And that really saddens me."

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