Welcome to this week’s Overview sent one day early because of Easter.
This week I take a look at the migration numbers in the context of some people calling for restrictions on the number of people coming here. When we look at the 66,000 jump in net annual inflows in the past three years we find 28,000 of the rise is fewer people leaving, 9,000 is Kiwis and Aussies coming in, 14,000 is more fee paying/goods buying foreign students, leaving a true foreigner migration rise from early-2013 of only 15,000 which is almost entirely people on work visas – probably helping rebuild Christchurch, working on dairy farms, and staffing our health system. Scope to stem the record net migration inflow by slamming immigration is limited. Though there is one answer at the end of my article.
I also look run through nine key points regarding prospects for Auckland’s housing market discussed at a large function in Auckland last night.