Statistics New Zealand on Friday released its permanent & long-term migration figures for July 2016, which revealed that net permanent and long-term migration into New Zealand continues to boom, although it may have now peaked:
Unadjusted figures showed a net gain of 69,000 migrants in the July 2016 year. This stopped the 23-month-long run of record-breaking annual net gains in migrants, which hit 69,100 in the June 2016 year. While the July 2016 year was not a new annual record, it did break the previous July-year record, which was a net gain of 59,600 migrants in the July 2015 year.
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
