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Migrants giving up permanent residency in NZ to return home

Posted on 15 Apr at 9 AM Tags: Immigration, Working in New Zealand, Jobs in New Zealand, Property,

Integration issues and a lack of job opportunities has resulted in thousands of immigrants who have been granted residency in New Zealand deciding to leave. Immigration New Zealand has published figures that show around 40,000 immigrants given permanent residency between 2004 and 2011 have packed up and left.

Experts, including Dr Henry Chun from Massey University, believe it is vital to understand why so many immigrants are moving away as they are important for New Zealand’s economy.

The highest number of migrants deciding to return home came from the UK with 11,171 making the move. Chinese migrants were the second highest with 8,257 immigrants giving up residency and returning home between 2004 and 2011.

According to immigration NZ, 296,258 immigrants came to New Zealand during the period, but 14 per cent of that number have since left. However, the figures fail to include those who decided not to move even though they had been granted permanent residency.

Experts speculate that the reason so many people have chosen to return to their home countries include high taxation, low wages and a lack of work in New Zealand as well as improved opportunities back home. Business failures, taking care of aged family members and home-sickness were also reasons.

The NZD exchange rates on 15/04/2013 were as follows: GBP NZD = 1.8134, EUR NZD = 1.5474, USD NZD = 1.1858, AUD NZD = 1.2258, CHF NZD = 1.2745, INR NZD = 0.0217, AED NZD = 0.3231, MXN NZD = 0.0966, CAD NZD = 1.1588, ZAR NZD = 0.1289, RUB NZD = 0.0377, . See today's New Zealand Dollar Exchange Rate
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