Why Kiwis are fleeing to Australia

Thursday 6 February 2025

New Zealand is experiencing a significant outflow of citizens, as illustrated by the following chart from Justin Fabo from Antipodean Macro.

There was a net migration loss of 48,000 New Zealand citizens in the year to November 2024.

This outflow of citizens has driven net overseas migration to below-average levels.

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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.