New Zealand Economy

Under a series of treaties signed by the Australian and New Zealand governments, New Zealand citizens have the right to move to Australia and live there indefinitely under the Special Category Visa (SCV).

On Monday, Stats NZ released data on filled jobs for August, which recorded a 0.2% monthly rise, in line with expectations.

Statistics New Zealand this week released migration data, which showed that only 13,066 net overseas migrants landed in New Zealand in the year to July.

A decade ago, soaring New Zealand home prices were “freaking people out, especially in Auckland”, claims Catherine Masters at One Roof.

On Thursday, Stats NZ released the Q2 national accounts, which revealed a sharper-than-expected decline in real GDP.

The Reserve Bank GDP nowcast, released last Friday, forecast that New Zealand’s GDP contracted by 0.4% in Q2 2025.

I reported last week how New Zealand is facing an employment crisis.

Statistics New Zealand this week released migration data, which showed that only 13,066 net overseas migrants landed in New Zealand in the year to July.

The Reserve Bank of New Zealand has cut the official cash rate (OCR) by 2.5% since July 2024, taking the OCR down to 3.0% from a peak of 5.5%.

The Reserve Bank of New Zealand has slashed the official cash rate by 2.5% since July 2024.

New Zealand’s economy and housing market remain in a funk.

The Reserve Bank of New Zealand has slashed the official cash rate (OCR) by 2.5%, with another 0.5% of cuts expected by the end of 2026.

The latest official labour force survey showed that New Zealand’s unemployment rate lifted to 5.2% in Q2 2025, the highest rate since Q4 2016.

The Reserve Bank of New Zealand has cut the official cash rate (OCR) by 2.5%, with another 0.5% worth of rate cuts expected by the end of 2026.

The Reserve Bank of New Zealand cut the official cash rate (OCR) by 25bp to 3.0%, a decision widely expected by economists and markets.

New Zealand’s economy continues to face severe challenges.

The Reserve Bank of New Zealand has slashed the official cash rate (OCR) by 2.25%, with further rate cuts expected.

New Zealand’s economy continues to struggle.

Last week, Statistics New Zealand reported that the nation’s unemployment rate rose to 5.2% in Q2 2025, the highest rate since Q4 2016.

The latest data from the Real Estate Institute of New Zealand (REINZ) showed that house prices nationally have fallen by 16.4% over 44 months, with all major centres experiencing heavy declines.

Statistics New Zealand on Tuesday released Q2 labour force data, which reported a decline in employment and a rise in both unemployment and underemployment.

Since the turn of the century, Australian policymakers have attempted to pump housing demand via stimulatory demand-side policies.

After experiencing one of the biggest booms during the pandemic, New Zealand home values have crashed back to 2019 levels.