Fewer Kiwis to move to Oz
The number of New Zealander’s crossing the Tasman to find employment and set up a new home in Australia could soon begin to slow, according to Paul Hamer. The Victoria University researcher believes that over the last 40 years the number of Kiwis leaving for Australia has peaked every decade or so.
Hamer explained that this usually happens when the economy in New Zealand enters a period of decline. However, he added that even at times when there are fewer jobs in Australia, there is always a perception with New Zealanders that the land across the Tasman is still one of greater opportunity.
This can cause problems for Kiwis who may find that they are the first to lose their jobs when the Aussie economy contracts. This is especially applicable to the Maori. They are vulnerable to New Zealand’s economic problems and also more vulnerable than most to an economic downturn in Australia.
Between 2008 and 2011, mainly because of the earthquake in Christchurch, large numbers of New Zealanders chose to try their luck in Australia.
However, Hamer believes that this cycle has now come to an end and there will be a visible slowdown in the number of Kiwis leaving home over the next few years.
The NZD exchange rates on 08/07/2013 were as follows: GBP NZD = 1.9155, EUR NZD = 1.6486, USD NZD = 1.2811, AUD NZD = 1.1708, CHF NZD = 1.3294, INR NZD = 0.0211, AED NZD = 0.3491, MXN NZD = 0.0994, CAD NZD = 1.2133, ZAR NZD = 0.126, RUB NZD = 0.0386, . See today's New Zealand Dollar Exchange Rate
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