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New Zealand property prices have dwindled recently due to the present financial crisis, even if the few months past have shown more promising figures. With the global crisis evident first in America, international real estate has begun to suffer as well. Since the previous year, the drop in New Zealand real estate value have totaled an average of 5.8%. As a result, more properties for rent are emerging in South and East Auckland, New Zealand, with property owners diversifying into the rental business as opposed to selling properties alone. Furthermore, as landlords have also reduced rental rates, homes for rent can be excellent tourist lodgings within the region.