Record Number of Kiwis Fleeing to Australia as NZ's Economy Weakens
In the past year alone, over 73,000 New Zealand citizens have left their homeland in search of better economic prospects. The majority of these departures are bound for Australia, a country with higher average weekly incomes and more favorable work conditions.
Hayden Fisher, a 24-year-old bookshop worker from Wellington, made the move to Sydney a year ago and has already seen significant improvements in his financial situation. "I'm putting groceries on Afterpay" was replaced by "spending half of my wages on the weekly food shop," but now he spends only about a quarter of that amount.
Fisher's sentiments are echoed by many others, including Genevieve Fulton, 22, who moved to Melbourne in January and earns significantly more than her casual job in Wellington paid. She described an environment where her friends were "struggling to find any sort of work" and saw Australia as offering a better quality of life.
This brain drain has significant implications for New Zealand's economy, which is already struggling with a weak economy. Professor Alan Gamlen, director of the Migration Hub at the Australian National University, believes that the flow of recent arrivals is not just driven by economic factors but also follows an established trend of Kiwis seeking greater opportunities abroad.
The wage gap between New Zealand and Australia is stark, with GDP per capita standing at $64,400 in Australia compared to $48,000 in New Zealand. The influx of New Zealanders has been welcomed by experts as a vital source of flexible labor in sectors such as hospitality, construction, and healthcare.
However, for many Kiwis living in Australia, the prospect of returning home seems unlikely, at least in the near term. With over 80% of the New Zealand diaspora living in major Australian cities, the cost of living and housing crisis in Auckland have become insurmountable obstacles.
"It's always been the case that they contribute more in taxes than they consume," says Gamlen, who views this flow as a "brain exchange". Having a large, skilled diaspora is really useful for New Zealand, allowing it to punch above its weight politically and diplomatically.
In the past year alone, over 73,000 New Zealand citizens have left their homeland in search of better economic prospects. The majority of these departures are bound for Australia, a country with higher average weekly incomes and more favorable work conditions.
Hayden Fisher, a 24-year-old bookshop worker from Wellington, made the move to Sydney a year ago and has already seen significant improvements in his financial situation. "I'm putting groceries on Afterpay" was replaced by "spending half of my wages on the weekly food shop," but now he spends only about a quarter of that amount.
Fisher's sentiments are echoed by many others, including Genevieve Fulton, 22, who moved to Melbourne in January and earns significantly more than her casual job in Wellington paid. She described an environment where her friends were "struggling to find any sort of work" and saw Australia as offering a better quality of life.
This brain drain has significant implications for New Zealand's economy, which is already struggling with a weak economy. Professor Alan Gamlen, director of the Migration Hub at the Australian National University, believes that the flow of recent arrivals is not just driven by economic factors but also follows an established trend of Kiwis seeking greater opportunities abroad.
The wage gap between New Zealand and Australia is stark, with GDP per capita standing at $64,400 in Australia compared to $48,000 in New Zealand. The influx of New Zealanders has been welcomed by experts as a vital source of flexible labor in sectors such as hospitality, construction, and healthcare.
However, for many Kiwis living in Australia, the prospect of returning home seems unlikely, at least in the near term. With over 80% of the New Zealand diaspora living in major Australian cities, the cost of living and housing crisis in Auckland have become insurmountable obstacles.
"It's always been the case that they contribute more in taxes than they consume," says Gamlen, who views this flow as a "brain exchange". Having a large, skilled diaspora is really useful for New Zealand, allowing it to punch above its weight politically and diplomatically.