More recession wrecked Kiwis call Australia home

Wednesday 13 November 2024

Statistics New Zealand released data showing that Kiwis are leaving in droves to escape the worst recession in decades.

Annual net permanent and long-term migration inflows fell to 44,900 annually in September, the lowest since January 2023.

September saw a net permanent and long-term (PLT) inflow of only 2,310 persons in seasonally-adjusted terms, with the three-month average net inflow falling to only 2,300.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.