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Thread: Returning Kiwis help lift hope for economy

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    MotherBear's Avatar
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    Default Returning Kiwis help lift hope for economy

    Returning Kiwis help lift hope for economy
    4:00AM Wednesday Jul 22, 2009
    By Lincoln Tan and Brian Fallow

    Annual immigration to the end of June reached the highest level in two years, adding to hopes of recovery from recession.

    The number of permanent migrant arrivals exceeded departures by 12,515 in the 12 months to June 30, boosted by a rising number of returning New Zealanders, according to Statistics New Zealand figures issued yesterday.

    That's up from 11,202 in the year to May and is the most since the 12 months to February 2007.

    "It has much to do with the current global recession and returning expats, and the numbers departing to Australia has been significantly reduced," said Richard Howard, chairman of the New Zealand Association for Migration and Investment.

    More here.
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    At the bottom of the article, the total stats are:
    NZ'ers going overseas (year to June 2009)
    52,484
    NZ'ers coming home (year to June 2009)
    24, 825

    Still looks to me like more people have left than have come home! Like the article says, good for consumer spending and housing to have people coming in, but stressing an already stressed job market. I wish there were some stats on how many kiwis are coming home - only to have to go on the dole as they can't get jobs. And then, there are the migrants, who come over and spend their money to live day to day, while trying to get a job.

    ("Economists say the figures are helping to underpin the housing market and retail sector.

    "Rising net migration will help provide a floor on demand for housing and retail spending at a time when these sectors are cyclically very weak," said ASB economist Jane Turner." ""Migration is a positive for the economy and will provide support to both the housing market and spending," said ANZ National economist Philip Borkin.

    But Mr Howard warned it would also put pressure on the struggling job market.")
    Arrived in Auckland on August 6, 2008.Now live in Kawakawa with my kiwi partner.
    I just started working at Bay of Islands Hospital at the beginning of December 2009.
    Work permit renewed and good until June 2010
    EOI submitted and selected, case manager assigned and ITA received. PR application submitted 28/08/09
    approved in principle 26/01/10, PR granted and received 19/03/10

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