22 May 2014

Less Kiwis Moving to Australia

Australia has lost its attraction for Kiwis - last month just 200 left for the lucky country, the lowest number ever - but migrants coming to New Zealand have hit the highest figure in more than a decade.

New figures for March 2014 show 4000 more people arrived to live here, than left for life in another country.

That pace hasn't been seen since April 2003 and it takes the annual net migration to over 34,000.

Westpac economists say there's been another drop in departures by New Zealanders to Australia.

The Trans-Tasman flow is still in Australia's favour, but the margin is now the smallest on record.
It's likely on these figures that annual net migration will pass 40,000 by the end of the year.

New Zealand building consents for residential housing, excluding apartments, rose to a six-and-a-half year high in March'14..

Excluding apartments and units, which are typically volatile from month to month, seasonally adjusted consents rose 1.3 percent to 1,813 units in March'14, the most since November 2007, according to Statistics New Zealand. Issuance of new building permits has been on the rise as the Canterbury rebuild and a housing shortage in Auckland fuel demand for property. Increased construction activity is seen as one of the major drivers of accelerating economic growth this year.

Today’s figures showed new dwelling consents in Auckland rose to 561 in March from 393 a year earlier, while new Christchurch permits to 342 from 126.

New Zealand’s population reached an estimated 4,466,000 in May 2013.

The Auckland urban area, in the North Island of New Zealand, is the largest and most populous urban area in the country. Auckland has a population of 1,418,000, which constitutes 32 percent of the country's population. Auckland has a subtropical climate, with warm, humid summers and mild, damp winters (Wikipedia)