Latest monthly net migration gain up 28.5% compared to pre-Covid levels, Statistics NZ says

Yet NACT want to increase immigration and cut back Govt spending.

THe fringe/crazy parties are looking more sane by the minute.

That would be one new hospital, a dozen plus schools, a few more GP practices etc....anyone seen them?

Not this Sunday, Winston will still be out on his boat fishing.

Tell us! why is it the Taxpayers of NZ's job to house these people? if you immigrate to a new country surely it is your own responsibility to house/feed & clothe yourself, through your eyes, is it that you can move to and go where you like, and the country that you end up in, it's their responsibility to house them...get real!!!!! all 3 of our children have moved and lived all around the world and they have housed themselves! but you are saying here in NZ the Tax paying citizens will build and house all of the immigrants....yeah right!!

If this be the case, like it or not, there remains considerable upside to interest rates then? If history is a guide, something usually gives in situations such as this. Houses have to rise a lot more than "gradually" to exceed the prevailing rate of inflation so there is simply no need for FOMO. I think FHB's are wise to wait out this temporary pause in the declines while saving and using attractive TD rates as a tool in which to do so. I think price declines will once again resume a downward trajectory come Autumn 2024. 

We haven't seen the real downturn yet....

Bye now. 

Delusional.  The strain on meeting mortgages, rising rates, insurances and cost of living is rising by the day.  Eventually it crack and supply of housing will boom as these distressed owners  homes come on the market.

Increased immigration does not lower these costs - they make it worse!

Like I said before, the entire situation started late last year and only gets reported now. The volume of foreign passports we've been managing daily since November is extraordinary. (I don’t work for immigration)

Not sure about how we are going to cope as the demand will be huge. 

Maybe not as evident in the context of rising house prices, but rent is likely to increase further (rent boom) helping alleviate pressure from high interest rates. Everyone wants to live in the main centres and particular suburbs but not enough houses being built because cost is too high.

I agree, the RBNZ is sitting on their hands at the wrong time. The next inflation read will be a doozy, and the RBNZ's target of 1-3% inflation will take a few more years.. 

Yes, hope is all we have. 

Actually, if you look at the monthly stats, immigration has levelled out at a net gain of 10k per month. Whoever adjusted the immigration rules is doing the exact opposite of what the RBNZ is trying to achieve.  The number of immigrants will likely grow, as we get more climate change refugees...

That number is just one side of the equation. We do not track how many skills are leaving NZ and at what level probably because the authorities are too scared of what might come up in the stats.

I work for a mid-sized engineering consultancy and there is literally a couple of qualified engineers leaving every fortnight for greener pastures. The entire developed world is witnessing an infrastructure boom and those with genuine skills are absolutely spoiled for choice.

Its simply not possible to flood the country with more immigrants, as Labour is currently approving every single visa request with no checks being undertaken.  So everyone who wants to come here, can already come here.  Labour also removed the cap on numbers, and the requirement to have any skills or for there to be jobs for them to come to.  I cannot think of a single thing that National could possibly do to increase immigration beyond Labour's policy except to do a Jacinda and promise them all permanent residency simply for getting off the plane. 

K W , can you please post the link to that next arrivals data, thanks

Where did you get the September figures from, its not showing on their website

Governments in this country never give any thought to any of those things. Short termism reigns supreme. 

We conveniently privatized our power generation.  

Correct.  Unless we see a repeat of this so they may bring their family whom all get full entitlements upon arrival:

Nearly 165,000 migrants eligible for fast-tracked residency | Stuff.co.nz

I know immigrants that vote NZ First as they don't want NZ to turn into where they came from...they get it!

When you have reduced your standard of living so low, that your sacrifice provides headroom so newly arrived immigrants can do all the things you used to be able to do,

Putting forty male immigrants into a 3-bed house reduces required the per capita heating and its associated carbon emissions.  Of course if they thrive then they will need forty houses and their associated carbon emissions; if new houses the high emissions from concrete.