It's long been said our homes earn more than we do - but running a car park appears to generate even more money.

A string of character houses at the gateway to one of New Zealand's most upmarket suburbs have been demolished and the sites cleared for commercial parking.

Four old properties valued at almost $10 million are leased to car park operators.

All are within a stone's throw of each other, at 62, 75, 78 and 80 Remuera Rd, close to the shops and office buildings of Newmarket and the heart of Remuera, one of the few suburbs in