Net Migration Just Keeps Growing

03 Feb 2016

Seems NZ is the place to be with Statistics NZ just releasing migration figures showing a net gain of 64,930 for last year. To give some perspective, 2014 was 50,000, 2013 was 22,000 and 2011 & 2012 were both negative 2,000. Migrant from India were the largest followed closely by the UK then China. Interesting also is 2.5 years ago there was 34,000 net outflow to Australia, where as last year that has turned to a net inflow for the first time I can ever remember.

Looks like there are some pretty strong fundamentals underpinning the New Zealand and especially the Auckland property market, as almost half the migrants stay in Auckland.