So much for National bringing back the tray Kiwi’s.
The brain drain to Australia has hit its highest levels on record.
Statistics New Zealand figures out today show that a net 34,600 people (departures minus arrivals) left New Zealand permanently to cross the ditch in the 12 months to October.
That is higher than the previous peaks in January 1989 and December 1979 when over 33,000 people left.
In the latest year 47,800 people – more than the population of the Nelson city area – left for Australia permanently. This figure was slightly offset by 13,200 people arriving from Australia.
People are moving across the Tasman in pursuit of higher wages, with wages having grown substantially more in Australia than New Zealand in recent years.
The latest statistics show that it is New Zealand’s young that are making the move.