PHOTO: Queenstown. FILE
The flourishing population in one of New Zealand’s most picturesque regions is poised to reach a critical juncture, as indicated by a well-known economist. A growing number of New Zealanders are opting for a rural lifestyle over urban living, evidenced by population increases exceeding the national average in regions such as Otago and Bay of Plenty. With the exception of Auckland, the country’s largest city, and Hamilton, all regions have witnessed gains through net internal migration.
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Notably, Queenstown Lakes experienced the most significant population surge, expanding by 8 percent (3900) in the year ending June, with 1100 of the increase attributed to net internal migration. Independent economist Cameron Bagrie expressed concern about the combination of internal migration, external migration over the past 12 months, and natural population growth, emphasizing the impending crisis for infrastructure, education, and housing demand in Queenstown.
Affordability has become a pressing issue in the region, with average rents in the district rising by $78 to $598 per week this year, according to Infometrics data. Reports have surfaced about residents in the resort town living in their cars due to a shortage of rental properties.
In regions experiencing a continuous influx of people, both internally and externally, Canterbury’s Selwyn and Mackenzie Districts recorded growth rates of 5.2 and 3.6 percent, respectively. While Auckland typically loses between 10,000 and 14,000 people annually through internal migration, its population is on the rise again due to external migration.
Cameron Bagrie attributed this trend to straightforward economics, pointing out the stark contrast in housing prices between regional areas and Auckland. The shift towards remote work has further accelerated these economic considerations. Additionally, Bagrie noted that crime rates might be a contributing factor, along with lifestyle preferences, demographics, and an aging population.
As of September, New Zealand’s total population stands at 5,269,200, reflecting a growth of 2.7 percent in the year leading up to that month.
SOURCE: NEWSHUB