New Zealand immigration hits an all-time high as movement surges following pandemic lull

New Zealand’s immigration numbers have reached a record high, with 110,000 net immigrants in the year ending August. The surge in immigration has helped employers fill job vacancies but has also put pressure on the housing market. Economists believe that the increase in immigration is due to pent-up demand that built during the COVID-19 pandemic. While the influx of immigrants has been beneficial for the economy, it has also highlighted the shortage of resources, including housing. The figures show that the majority of immigrants came from India, followed by the Philippines and China.