News & Research

Is high migration set to stay?

06 September 2017

Record high net migration appeared to have eased off in recent months; however July has seen a monthly lift.

July has seen another record annual figure of 72,402. It seems the high net migration picture is set to stay for a while yet, barring a major policy change in the wake of the September election, but even that would be unlikely to be enacted immediately.

After recent announcements suggesting a loss of ‘rights’ for Kiwis based in Australia as well as a slightly better economic outlook in NZ, we’re continuing to see positive net gain between the countries, which is historically unusual, but likely to remain for a while yet.

Monthly Net Migration between New Zealand and Australia

We’re beginning to see a mixed picture across the country with a slowdown in migration already occurring in Tauranga, Christchurch and the Provinces (other Main Urban Areas). Reduced job availability may be behind the drop in arrivals in these areas.

Read more on the latest property trends by downloading your free copy of the CoreLogic August / September Property Market & Economic Update Report, available now.