Why Everyone is Leaving New Zealand

Summary by Krater

This video examines why New Zealand, despite its high human development index and picturesque landscape, is experiencing a high rate of emigration, with many citizens moving to Australia due to high housing costs and limited career opportunities.

From the video

Answers: Why are so many New Zealanders leaving for Australia?

• New Zealand economy
• Trans-Tasman migration
• Housing affordability in New Zealand
• Brain drain
• Agriculture industry in New Zealand
• Housing and construction sector
• Australia and New Zealand relations

What it concludes

• New Zealand has one of the highest rates of emigration in the world, with a significant portion moving to Australia.
• More than 10 per cent of New Zealand's people currently live in Australia.
• The bulk of New Zealand's economic output is concentrated around housing, leading to some of the most unaffordable real estate in the world.
• Banning foreign buyers did not significantly deflate New Zealand's housing market because foreign buyers only accounted for about 3 percent of purchases.
• New Zealanders move to Australia primarily for better economic opportunities and career growth rather than just cheaper housing.
• The proximity and political similarities between Australia and New Zealand make it extremely easy for New Zealanders to migrate and work in Australia.