Net migration inflows set new record.

baner_qci_blue3_360New Zealand’s net migration inflows for September of 10,510 were the second strongest on record, beaten only by the July inflows.

Statistics New Zealand figures released yesterday showed inflows had topped 10,000 for the past three months, having averaged about 9650 in the preceding years. September’s outflow of 4960 was slightly higher than the 4810 average over the past year.

In the year ended September, arrivals reached 118,900. Statistics NZ noted 24,700 (20.8%) were from Australia and of those arrivals two-thirds were New Zealand citizens. A total of 14,100 (11.9%) were from India, and three-quarters had student visas. About 10,700 (9%) were from China, and about half had student visas. On an annual basis, net migration set another record high of 61,234 for the year ended September. The total net inflow included nearly 54,000 working age migrants over the year. The strong inflow would support labour capacity and contain wages. Housing demand would also remain supported by the inflows, particularly in Auckland. Read the full article by Dene Mackenzie here in the Otago Daily Times.


 

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