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Thursday, October 28, 2021

New Zealand gains Australia migrants 

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More people are moving from Australia to New Zealand than vice versa for the first time in 24 years, officials say.

Statistics NZ said 25,273 people migrated to New Zealand from Australia in 2015.

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This included both emigrating Australians and New Zealanders who were returning home.

A total of 24,504 people moved from New Zealand to Australia, with a net flow of 769 people to New Zealand.

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This was the highest net flow to New Zealand since 1991.

New Zealand’s economic and political stability, along with the end of Australia’s mining boom, have been credited for the shift.

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The small Pacific nation’s Reserve Bank governor Graeme Wheeler said last weekthat tourism, construction activity and a lift in business and consumer confidence would power growth in 2016.

In 2012 a record 53,000 New Zealand residents departed for Australia, while just 13,900 people moved from Australia to New Zealand.

Online Source

The Indian Telegraph Sydney Australia

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