Property

Immigration boosts population to 4.15 million

With immigration being the key driver of property values through increasing demand for housing, Statistics New Zealand has announced good news for property investors: the estimated resident population of New Zealand was 4,151,600 on 30 September 2006.

Friday, November 10th 2006

This represents a population increase of 43,500 (1.1%) in the September 2006 year, compared with 35,600 (0.9%) in the September 2005 year.

The higher population growth during the September 2006 year was due to a larger permanent and long-term migration gain and a larger natural increase (excess of births over deaths).

Permanent and long-term arrivals exceeded departures by 13,200 in the September 2006 year, compared with a net migration gain of 6,400 in the September 2005 year.

Natural increase was 30,300 in the September 2006 year, which was 1,100 higher than that recorded in the September 2005 year (29,200).

 The median age increased by 2.8 years for men and 3.0 years for women between the 1996 and 2006 September years.

Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
TSB Special 6.75
Westpac Special 6.75
China Construction Bank 6.75
ASB Bank 6.75
ICBC 6.75
AIA - Go Home Loans 6.75
Kiwibank Special 6.79
Co-operative Bank - Owner Occ 6.79
ANZ Special 6.79
ASB Bank 6.39
Westpac Special 6.39
AIA - Go Home Loans 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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