Kiwi stay home as Aus economy cools

JAMES WEIR
Last updated 11:30 19/07/2013

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New Zealand is seeing the biggest gain in net migration for four years, with the former flood of people leaving for Australia slowing to a steady stream.

Statistics New Zealand figures out today show that overall 2300 more people arrived to stay here long term, than left the country in June. That was the highest monthly net gain since the middle of 2009, before the Canterbury quakes sparked a rush of people leaving for Australia.

The increasing net gain of migrants over the past six months reflects both more people arriving and fewer New Zealanders leaving for Australia, Statistics NZ said.

That was because the New Zealand economy was picking up, while prospects in Australia were cooling as that economy slowed.

The seasonally adjusted net loss of 1600 migrants to Australia in June 2013 was the smallest net loss since July 2010 (also 1600). The latest net loss to Australia was well down from a high of 3600 recorded in September 2011.

In the June 2013 year, New Zealand had a net gain of 7900 migrants. This is up from a net loss of 3200 in the June 2012 year, but below the annual average of 9,400 over the last 10 years.

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- BusinessDay.co.nz

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