Sunday 26 September 2004
New Zealand had a seasonally adjusted migration gain of 1,000 people in August, down 300 on the previous month.
By The LandlordStatistics New Zealand says actual, unadjusted permanent and long-term arrivals exceeded departures by 900 in August, compared with 2,200 the same month last year.
In the year to the end of August, there was a net permanent and long-term migration gain of 19,300, down 53% on the net inflow of 41,200 people in the previous August year.
The government agency says this is the first time since January 2002 that the annual net migration gain has dropped below 20,000.
Read More - Opens in a new window
Commenting is closed
It’s full steam ahead for the Stevenson Group’s $800 million, 361-hectare industrial and residential development in South Auckland – despite the uncertainties of the post-Covid-19 era.
Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.
The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.
Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.