Statistics New Zealand on Wednesday reported that net overseas migration (NOM) into New Zealand hit a record high 118,800 in the year to September:
![NZ NOM](https://api.macrobusiness.com.au/wp-content/uploads/2023/11/NZ-NOM.png)
This was driven by a record net migration gain of 163,600 non-New Zealand citizens – mainly of India, the Philippines, China, Fiji, and South Africa – which more than offset the record net migration loss of 44,700 New Zealand citizens:
![NZ Non-Resident NOM](https://api.macrobusiness.com.au/wp-content/uploads/2023/11/NZ-NOM-non-residents.png)
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The surge in New Zealand NOM has already lifted rents, particularly across Auckland:
![New Zealand rents](https://api.macrobusiness.com.au/wp-content/uploads/2023/10/NZ-rents-3.png)