NZ Herald business editor at large Liam Dann told The Front Page that we don’t get up-to-date data around departures to Australia specifically.
“But we do know that somewhere around 50% to 60% of all migration out of New Zealand is to Australia traditionally.
“The big push and pull in either direction for migration is very much the economy, very much the job market. If job prospects and wages are significantly better in Australia, then you’ll see that flow increase.
“Historically, it’s tended to look a bit better in Australia most of the time, and in New Zealand the job market has been really tough. They haven’t had the kind of short, sharp economic shock that we’ve had in New Zealand.
“Their interest rates and the way that the Reserve Bank has done things there has been to take a more casual pace or a more relaxed attitude to inflation. We’ve hit it pretty hard in New Zealand, and obviously everybody knows we’ve had a pretty rough two years compared to Australia,” he said.
Listen to the full episode to hear more about:
Key migration trendsFuture outlook for the economyEmployment data Cost of living pressures.
The Front Page is a daily news podcast from the New Zealand Herald, available to listen to every weekday from 5am. The podcast is presented by Chelsea Daniels, an Auckland-based journalist with a background in world news and crime/justice reporting who joined NZME in 2016.
You can follow the podcast at iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts.