Cheaper housing bait suggested to bring Kiwis home
5:00AM Thursday November 29, 2007
New Zealanders might return from Australia if housing gets cheaper here, an Australian analyst company says.
Macquarie Research said the slowdown in net migration to New Zealand this year had coincided with increased departures, particularly to Australia.
"Relative housing affordability between the two countries appears to be an important piece of the puzzle in explaining why so many are moving across the Tasman."
But with the gap between interest rates in the two countries narrowing, and the New Zealand housing market slowing down, the flow might start to reverse, Macquarie analysts said.
More
here .