Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


External Migration and Housing Market (June 2002)

Data Flash (New Zealand)

External Migration and Housing Market (June 2002)

The monthly net inflow of migrants slowed to 2,930 in June, from 3,360 in May (figures are seasonally adjusted). While the number of arrivals continued to recover from the downward correction in April, that was more than offset by a rebound in departures. The latest figures are consistent with our view that, going forward, migration will make a significantly smaller contribution to demand growth than over the past year.

Slowing population growth is expected to reinforce the slowdown in the housing market. In May and June, seasonally adjusted turnover of existing homes fell by, in total, 5%, which can at least partly be attributed to the RBNZ's 100 bps increase in the cash rate since March. Consistent with the slowdown in house sales, it is likely that the house price inflation cycle has peaked as well.

Ulf Schoefisch, Chief Economist

***The attached research constitutes Deutsche Bank's proprietary information*** This, along with an extensive range of other publications, is available on our web site

© Scoop Media

Business Headlines | Sci-Tech Headlines


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>


Crown Accounts: Govt Books In Line With Forecasts

The Government’s financial statements for the four months to 31 October indicate the books are tracking along with Treasury’s Budget forecasts, Finance Minister Grant Robertson says. More>>


Expert Reaction: Ross Sea Region Marine Protected Area In Force

Sweeping new protections for Antarctica's Ross Sea will come into effect on Friday 1 December. After five years of debate, the marine protected area (MPA) was agreed in 2016 after a joint proposal by New Zealand and the United States... More>>