Emigration from New Zealand to Australia

SOURCE finance.yahoo.com
Record numbers of people are leaving New Zealand due to high unemployment, interest rates, and slow economic growth. Many are moving to Australia for better work opportunities and living conditions.

Key Points

  • Record number of people leaving New Zealand for Australia
  • New Zealand economy facing challenges with high interest rates and low growth
  • Australia attracting New Zealanders with job opportunities and relocation packages

Pros

  • Better work opportunities in Australia
  • Lower cost of living compared to New Zealand
  • Australia offering relocation packages in areas with skill shortages

Cons

  • High unemployment in New Zealand
  • High interest rates in New Zealand
  • Struggling economy with slow growth and high inflation