NZ’s housing shortgage worsens despite immigration pullback

Sunday 4 February 2018

Statistics New Zealand released its permanent & long-term migration figures for December 2017, which revealed that immigration into New Zealand has continued to drift back from record high levels, with 70,016 annual net permanent and long-term arrivals landing in New Zealand in the year to December, down from a peak of 72,402 recorded in the year to July:

Despite the overall pullback, there was a net inward migration of 109 people from Australia in the year to December – down from the recent 1,965 peak in the year to September 2016, but still similar to the early-1980s and 1990s recessions:

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About the author

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.