{"id":17718,"date":"2026-06-22T05:52:46","date_gmt":"2026-06-21T17:52:46","guid":{"rendered":"https:\/\/thebuzz.apnanetwork.co.nz\/?p=17718"},"modified":"2026-06-22T05:52:46","modified_gmt":"2026-06-21T17:52:46","slug":"higher-immigration-leads-to-higher-house-prices-and-lower-unemployment-report","status":"publish","type":"post","link":"https:\/\/thebuzz.apnanetwork.co.nz\/?p=17718","title":{"rendered":"Higher immigration leads to higher house prices and lower unemployment &#8211; report"},"content":{"rendered":"<div class=\"font-serif-text leading-normal mb-12\">\n<p>New Reserve Bank research suggests large-scale immigration shocks significantly increase house prices and household credit.<\/p>\n<\/div>\n<div class=\"font-serif-text leading-normal mb-12\">\n<p>The\u00a0<a class=\"underline-brand-hover visited:text-foreground-secondary hover:visited:text-foreground-primary\" href=\"https:\/\/www.rbnz.govt.nz\/hub\/publications\/discussion-paper\/2026\/migration-and-the-new-zealand-economy\">study<\/a>\u00a0also suggests that despite New Zealand&#8217;s focus on high-skilled migrants, higher levels of immigration have little measurable impact on overall labour productivity.<\/p>\n<\/div>\n<div class=\"font-serif-text leading-normal mb-12\">\n<p>Immigration is a major driver of New Zealand&#8217;s economy, with researchers finding it accounts for about 30 percent of changes in economic growth and unemployment over three years.<\/p>\n<\/div>\n<div class=\"font-serif-text leading-normal mb-12\">\n<p>The study looked at data from 1992 to 2019 and found higher immigration was linked to rising house prices, more household borrowing, and lower unemployment.<\/p>\n<\/div>\n<div class=\"font-serif-text leading-normal mb-12\">\n<p>Younger migrants were associated with lower unemployment, while older migrants were linked to higher productivity.<\/p>\n<\/div>\n<div class=\"font-serif-text leading-normal mb-12\">\n<p>However, the researchers found large scale immigration had a muted effect on labour productivity, even though New Zealand receives highly skilled immigrants.<\/p>\n<p>rnz<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Reserve Bank research suggests large-scale immigration shocks significantly increase house prices and household credit. The\u00a0study\u00a0also suggests that despite New Zealand&#8217;s focus on high-skilled migrants, higher levels of immigration have little measurable impact on overall labour productivity. Immigration is a major driver of New Zealand&#8217;s economy, with researchers finding it accounts for about 30 percent [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":17719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[222,174],"tags":[],"class_list":["post-17718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-nz-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/17718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17718"}],"version-history":[{"count":1,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/17718\/revisions"}],"predecessor-version":[{"id":17720,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/17718\/revisions\/17720"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/media\/17719"}],"wp:attachment":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}