Dive in net migration may calm housing market – eventually

Kiwibank chief economist Jarrod Kerr.

Tue, 16 Mar 2021

The dramatic slowdown in net migration is likely to calm the housing market but not until near the end of this year.But that's likely to just mean a breather and won't solve the underlying problem - not enough houses to meet demand.The latest provisional annual net migration figures for the year ended January show returning New Zealand citizens exceeded non-citizens for the first time since such figures were collected in the late 1970s, according to Stats NZ.But that's not saying much since Kiwis leaving slowed to a trickle and ther...

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