Pete Wargent blogspot

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

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Monday, 27 February 2017

Return of the Kiwi

Record NZ migration

Net migration into New Zealand hit a record high 71,300 over the year to January 2017, according to Statistics New Zealand. 

Some of the recent burst in migration had been driven by migration from Australia, as well as a large number of student visas.

However, the Aussie trend now appears to have ended, with permanent and long term departures from Australia now having peaked.

In fact, Statistics NZ reported that more than two-thirds of those migrating from Australia to New Zealand were actually NZ citizens returning home after the big Aussie surge driven by the resources boom. 

The main drivers of record NZ migration are now increases in Chinese, British, and South African migrants.

Netting off those leaving in NZ in the opposite direction across the Tasman for Australian shores, there was actually an inflow to Australia in January, thus signalling the end of the so-termed "Kiwi exodus". 

Chinese tourism boom

New Zealand also experienced a record 381,000 visitors arrivals in January (up 11 per cent from January 2016), more than 54,000 of whom came from China to coincide with Chinese New Year.

Looking at these monster numbers suggests that Australia could be in for some huge equivalent figures when they are reported in a fortnight's time.