Record numbers are leaving NZ – who could blame them?
Migration figures show a record number of New Zealanders are choosing not to stick around – and you don’t have to look hard to figure out why, writes Q+A presenter Jack Tame.
No data point says more about the current state of our country than the fact that record numbers of New Zealanders don’t want to be here.
Over the last two years, the quarterly release of migration statistics has steadily plotted a massive exodus of New Zealand citizens.
Once all citizen returns and departures were accounted for in the year to March 31, provisional net numbers indicated New Zealand lost more than a thousand Kiwis every week.
But why?
========
The pandemic restrictions are over and the borders have been open for New Zealanders for more than two years.
Pent-up demand for overseas adventure could explain the initial post-Covid surge in departures, and some New Zealanders who returned during the worst of Covid-19 have left again. But the more recent departures are better attributed to other factors.
As I’ve noted before, what’s perhaps most extraordinary about the huge outward migration of New Zealand citizens is it has coincided with near-record inbound migration of non-citizens.
Facing pressure from business groups amidst a global labour shortage, the previous government responded by massively relaxing immigration settings.
In the year to March 31, New Zealand recorded a net migration gain of 163,000 non-citizens.
Accounting for both the provisional citizen and non-citizen migration flows, there are 111,000 extra people in New Zealand than the year before. Add to that the births and deaths for the same period, and our overall population has increased by approximately 130,000 people in the last year.
During the same period, however, the number of consents issued for new houses dropped 25% on the previous 12 months.
As our population surges and construction slows, the average rent paid by the generation of New Zealanders most likely not to own their own homes has increased. TradeMe Property recorded a median rent increase of 8.3% in the year to March 2024 — more than double the corresponding annual increase in wages.
This renting generation, coincidentally, is the same generation most likely to have left New Zealand.
Of all migrant departures of New Zealand citizens, people between the ages of 18 and 30 made up almost 40%.
But even older New Zealanders — who are more likely to have established careers, families, and assets — are leaving in huge numbers. Accounting for all arrivals and departures, a net total of more than 7500 New Zealand citizens between the ages of 31-40 left our shores.
So, what will stem the bleed?
=======================
In the short term, at least, there is perhaps little economic reason to stay.
The new Government has moved swiftly to tighten immigration settings but, as the full impact of higher interest rates seeps through the economy, unemployment is steadily increasing.
The national unemployment rate currently sits at 4.3% and most economists expect it to climb above 5% in the coming months. The Māori unemployment rate is already at its highest point in four years at 8.2%.
Young Zealanders now find themselves competing with more people for relatively fewer houses and relatively fewer jobs.
And, as we enter a winter of economic discontent, who could blame them for leaving?
====================================
www.1news.co.nz...
====================================
Dry cleaners mt Roskill
Hello our fellow neighbors I was hoping someone would know where the old dry cleaners we had up at the lights on dominion road have moved to?? I was out of town and when I came back they were gone .... I had some items that I would really love to get back but if only I new where they moved to or how to get In Touch with the owners to see what they did with our clothes if they closed down or moved elsewhere? Any updates or news about it would be amazing neighbors. Have a great day
Poll: As a customer, what do you think about automation?
The Press investigates the growing reliance on your unpaid labour.
Automation (or the “unpaid shift”) is often described as efficient ... but it tends to benefit employers more than consumers.
We want to know: What do you think about automation?
Are you for, or against?
-
9.3% For. Self-service is less frustrating and convenient.
-
43.5% I want to be able to choose.
-
47.2% Against. I want to deal with people.
Even Australians get it - so why not Kiwis???
“Ten years ago, if a heatwave as intense as last week’s record-breaker had hit the east coast, Australia’s power supply may well have buckled. But this time, the system largely operated as we needed, despite some outages.
On Australia’s main grid last quarter, renewables and energy storage contributed more than 50% of supplied electricity for the first time, while wholesale power prices were more than 40% lower than a year earlier.
[…] shifting demand from gas and coal for power and petrol for cars is likely to deliver significantly lower energy bills for households.
Last quarter, wind generation was up almost 30%, grid solar 15% and grid-scale batteries almost tripled their output. Gas generation fell 27% to its lowest level for a quarter century, while coal fell 4.6% to its lowest quarterly level ever.
Gas has long been the most expensive way to produce power. Gas peaking plants tend to fire up only when supply struggles to meet demand and power prices soar. Less demand for gas has flowed through to lower wholesale prices.”
Full article: www.theguardian.com...
If even Australians see the benefit of solar - then why is NZ actively boycotting solar uptake? The increased line rental for electricity was done to make solar less competitive and prevent cost per kWh to rise even more than it did - and electricity costs are expected to rise even more. Especially as National favours gas - which is the most expensive form of generating electricity. Which in turn will accelerate Climate Change, as if New Zealand didn’t have enough problems with droughts, floods, slips, etc. already.
Loading…
