Record high migration stokes 41-year high population growth 23 Nov 2015
Related articles
- NZ More Interested in All Whites than All Blacks Sport
- NZ consumers grow more upbeat, may resume spending Business
- Sick leave expected to increase during World Cup Sport
- Knowles quits as CEO of KiwiBank Business
- NZ migration bolstered by British invasion Migration
- Sludge Report #192: The Naked Budget Columns
- Budget 2010 – Building the Recovery News
- NZ manufacturing activity reaches highest since 04 Business
- NZ dollar hits 22-month high vs euro Business
- Unemployment rate falls from 7.1 to 6 percent Recruitment
Strongest population growth since 1974 as migration hits new records in October
By Tina Morrison
Nov. 23 (BusinessDesk) - New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years.
The country had a net population gain of 62,500 through migration in the year through October, the 15th straight month a record has been set, according to Statistics New Zealand. Migrant arrivals rose 12 percent to a record 120,100 while departures fell 3 percent to 57,000.
New Zealand recorded its first annual gain in migrants from Australia since the November 1991 year as 100 fewer New Zealand citizens departed for Australia than arrived from across the Tasman. Increased migration from India, the Philippines and China also helped drive migration to new records.
“Ongoing low departures and strength in arrivals will cause New Zealand's annual population growth rate to reach its highest pace since 1974,” Westpac senior economist Satish Ranchhod said in a note. “High population growth is helping to maintain a reasonable rate of GDP growth. But at the same time, the preponderance of people in the labour market is keeping wage growth lower than it would otherwise be.”
Strong migration is stoking demand in the New Zealand economy, particularly in Auckland, where an overheated property market is seen by the Reserve Bank as a threat to financial stability.
Auckland was the biggest net recipient of migrants in the latest year, at 29,000, followed by Canterbury with 6,800. Just over half of all migrants to state an address on their arrival card were moving to the Auckland region.
Some 27,500 migrants arrived on student visas in the latest year. Of those, 10,800 came from India, and 5,300 from China.
Some 36,800 migrants arrived on work visas, with the UK the biggest source country with 6,100.
“We expect that net immigration will remain strong for some time yet. But the current strength will eventually moderate,” said Westpac’s Ranchhod. “Many of those who arrived on student and temporary work visas will start to leave over the coming years. In addition, the New Zealand labour market has been softening, while Australia’s has been picking up. If this continues, and there are indications it will, New Zealand will start to look like less of an attractive destination.”
New Zealand welcomed a record 3.06 million short-term visitors in the latest year, up 9 percent from the year earlier. Of those, 1.31 million were from Australia, 335,400 from China and 237,700 from the US.
New Zealand residents also took a record 2.39 million overseas trips in the year through October, up 6 percent from the year earlier. Almost half their trips were to Australia. For the month of October, New Zealand travellers took a record 217,000 overseas trips, up 5 percent from the year earlier month and largely driven by holiday travellers to the UK during the final stages of the Rugby World Cup, Statistics NZ said.
(BusinessDesk)
News
Hilary Timmins' Award-Winning UK Documentary Series To Inspire NZ Students
29 Jun 2020 Education
Dream Catchers, produced and directed by Hilary Timmins, celebrates the success stories of more than thirty inspirational New... more
New Zealand reaffirms support for Flight MH17 judicial process
7 Mar 2020 News
Ahead of the start of the criminal trial in the Netherlands on 9 March, Foreign Minister Winston Peters has reaffirmed the need to... more
Business
NZ Government's Economic package to fight COVID-19
17 Mar 2020 Business News
The Coalition Government has launched the most significant peace-time economic plan in modern New Zealand history to cushion the... more
NZ Government announces aviation relief package
19 Mar 2020 Business News
Transport Minister Phil Twyford today outlined the first tranche of the $600 million aviation sector relief package announced earlier... more
Living
Diversity was Key at New Zealand Trade Tasting in London
6 Jun 2022 Food & Wine
New Zealand Winegrowers Annual Trade Tasting was recently held in London, on Wednesday 4 May, in Lindley Hall.
It was the first... more
Kiwi author stuns Behind the Butterfly Gate
12 Jan 2022 Arts
Hidden behind the Butterfly Gate is where the secret has been kept for 76 years...
New Zealand writer Merryn Corcoran’s... more
Property
Fairer rules for tenants and landlords
17 Nov 2019 Property
17 NOVEMBER 2019
The Government has delivered on its promise to the over one million New Zealanders who now rent to make it fairer... more
New Zealand Government will not implement a Capital Gains Tax
17 Apr 2019 Property
The Coalition Government will not proceed with the Tax Working Group’s recommendation for a capital gains tax, Jacinda Ardern... more
Migration
Boosting border security with electronic travel authority – now over 500,000 issued
19 Nov 2019 Migration
19 NOVEMBER 2019
We’ve improved border security with the NZeTA, New Zealand Electronic Travel Authority, which helps us to... more
Christchurch reinstated as refugee settlement location
18 Aug 2018 Migration
18 AUGUST 2018
HON IAIN LEES-GALLOWAY
The announcement that Christchurch can once again be a settlement location for refugees... more
Travel
Gallipoli Anzac Day services cancelled
19 Mar 2020 Travel & Tourism
The New Zealand and Australian Governments have announced this year’s joint Anzac Day services at Gallipoli will be cancelled... more
New Zealanders advised not to travel overseas
19 Mar 2020 Travel & Tourism
New Zealanders advised not to travel overseas
more
Sport
The Skipper's Diary: Sir Richard Hadlee honouring his father and NZ's Forty-Niners
27 Oct 2019 Cricket
NZNewsUK London Editor Charlotte Everett spoke to Sir Richard Hadlee about why he’s chosen to publish his father’s... more
PREVIEW: All Blacks v England semi-final
26 Oct 2019 Rugby
The two most convincing quarterfinals winners are set to square off in a semifinal showdown for the ages when the All Blacks meet old... more
Columns
Gordon Campbell on the Gareth Morgan crusade
11 Nov 2016 Opinion
Gordon Campbell on the Gareth Morgan crusade
First published on Werewolf
The ghastly likes of Marine Le Pen in France and Geert ... more
Gordon Campbell on the US election outcome
10 Nov 2016 Opinion
Column - Gordon Campbell
Gordon Campbell on the US election outcome
Well um.. on the bright side, there (probably)... more
Kiwi Success
Congratulations to Loder Cup winner
26 Sep 2018 People
25 SEPTEMBER 2018
The Loder Cup, one of New Zealand’s oldest conservation awards, has been awarded to Robert McGowan for 2018... more
Appointments to New Zealand National Commission for UNESCO
16 Aug 2018 Appointments
16 AUGUST 2018Appointments to New Zealand National Commission for UNESCO
HON JENNY SALESA
Associate Education Minister Jenny Salesa is... more
Recruitment
Historic pay equity settlement for education support workers
14 Aug 2018 Recruitment
14 AUGUST 2018Historic pay equity settlement for education support workers
RT HON JACINDA ARDERN
HON CHRIS HIPKINS
Prime Minister
The... more
Historic pay equity settlement for education support workers
22 Aug 2018 Recruitment
14 AUGUST 2018Historic pay equity settlement for education support workers
RT HON JACINDA ARDERN
HON CHRIS HIPKINS
Prime Minister
The... more