Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Wednesday, 1 February 2017

Record high NZ immigration in 2016


Immigration into New Zealand is not slowing as forecast.

In fact, the annual net gain of migrants zoomed to a record high 70,600 in 2016.

In recent times there have a been a fair number of Kiwis returning home from Australia post-mining boom, but this Trans-Tasman trend now appears to be topping out.

The big gains in 2016 were driven by Chinese migrants, of course, and particularly South Africans seeking citizenship. 

Netting off those moving in the other direction across the Tasman, there was a net inward migration of 1,563 person from Australia in 2016, the total inching down a bit from previous months.

Over the past six years, Australia has seen a net inbound gain from NZ of more than 115,000 heads. 

The recent shift has in part been driven by the slack in inherent in Australia's labour force after the resources construction boom peaked in 2012. 

Don't be too tempted to get sucked into the meme that Aussies moving to New Zealand in droves, though. 

Hardly. In fact there are now more than 677,000 New Zealanders in Australia on temporary visas, another substantial year-on-year increase with Kiwis now accounting for more than a third of the 1.96 million temporary visa holders Down Under in Australia.

Just to clarify, including temporary visa holders there was a flow of 14,000 persons from NZ to Australia.