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


NZ's annual net migration reaches record 60,300 in August

NZ's annual net migration reaches record 60,300 in August on Indian, Chinese students

By Jonathan Underhill

Sept. 21 (BusinessDesk) - New Zealand annual net migration rose to a record in August as Indian and Chinese students continued to flock to courses offered by local educational institutions vying for the lucrative business.

New Zealand had a net gain of 60,300 migrants in the August year, the 13th straight month a record has been set, Statistics New Zealand said. Migrant arrivals rose 13 percent to a record 117,900, while departures fell 5 percent to 57,600.

Foreign students have been a boon to local education businesses, with their contribution growing faster compared to fees generated by local students. In the latest year, student visas rose by 6,400 to 26,800. Of those, 10,600 were from India and 5,100 from China. Work visas issued climbed by 4,600 to 35,900, with people from the UK the biggest single source at 6,100. Overall, India contributed most to to gain in migrant arrivals, at 12,700 in the year, followed by 8,400 from China, 4,500 from the Phillippines and 3,800 from the UK.

The decline in migrant departures was mainly due to fewer Kiwis leaving for Australia. Departures of New Zealand citizens to Australia fell 16 percent to 21,600 in the August 2015 year, helping trim the net loss to just 500, the lowest level since 1991. The net outflow to Australia peaked at 40,000 in the August 2012 year.

The surge in migration has been a key counterfactual for the Reserve Bank, which cut the official cash rate a quarter point to 2.75 percent and signalled another cut of that size. The arrival of migrants has stoked demand, particularly in Auckland, where the overheated property market is seen by the bank as a threat to financial stability. In the monetary policy statement this month, the bank said it expects migration to begin to soften, although this year the inflow has surpassed its expectations.

Auckland was the biggest recipient of migrants in the latest year, at 27,900, followed by Canterbury on 6,700 and Waikato at 2,300. Half of all migrants to state an address on their arrival card were moving to the Auckland region.

New Zealand welcomed a record 3.02 million short-term visitors in the August 2015 year, up 8 percent from the August 2014 year. Of that, 1.29 million were from Australia, 320,400 from China, and 236,300 from the US, contributing a combined 61 percent of the total.

New Zealand residents also broke records in the August year, departing for a record 2.36 million overseas trips, up 6 percent from the same period a year earlier.

Seasonally adjusted, permanent and long-term net migration was 5,500 in the month of August, down from the record 5,700 in July. A seasonally adjusted net gain of 200 migrants from Australia last month was the highest level since March 1991.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Statistics: Consents Remain At Record Levels
There were 47,715 new homes consented in the year ended October 2021, up 26 percent compared with the year ended October 2020, Stats NZ said today. "The year ended October 2021 marks another record for the annual number of new homes consented,” construction statistics manager Michael Heslop said... More>>

Foodstuffs: New World & Four Square Trial NZ’s First Grocery Delivery Offer With Uber Eats

New World & Four Square have partnered with Uber Eats to unlock the first grocery offering available on the platform in Aotearoa. For New World and Four Square it’s yet another way to put New Zealanders first, particularly with those inevitable last-minute grocery needs... More>>

Digitl: Download 2.0 – Vodafone Wi-Fi Calling hits early milestone
Vodafone says it has 10,000 customers using its Wi-Fi Calling service. It took less than three months to reach that milestone; the service began operating in September... More>>

ABC Business Sales: Demand High For Covid-proof Businesses
Despite the continuing challenges facing businesses in this Covid environment, right now there are more buyers looking for a small-medium sized business than there are sellers in the market... More>>

PriceSpy: Producer Prices Increase
New Black Friday and Covid-19 Report* released by PriceSpy says people’s fear of stepping inside physical shops during big sales events like Black Friday has risen since last year; Kiwis are still planning to shop, but more than ever will do it online this year... More>>

NZ Skeptics Society: Announce Their 2021 Awards, And Dr Simon Thornley Wins The Bent Spoon

Every year the New Zealand Skeptics presents its awards to people and organisations who have impressed us or dismayed us, and this year it’s been hard to pick our winners because there have been so many choices!.. More>>

REINZ: Sales Volumes Leveling Out

Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 44 fewer lifestyle property sales (-2.6%) for the three months ended October 2021 than for the three months ended September 2021... More>>