Statistics NZ expects New Zealand’s resident population to reach 5 million late this year or in 2020, based on recent trends, after hitting 4.9 million at the end of September.
An analytical paper published by the NZ Treasury last week raises questions about the accuracy of migration figures, largely because of the hard-to-analyse internal migration.
Auckland’s population grew by 2.6% in the last year, and Statistics NZ said yesterday the regions immediately north & south both grew by 2.4%.
New Zealand’s population grew by over 2% in each of the last 2 June years, and by a record 100,400 in the last 12 months.
Infometrics chief forecaster Gareth Kiernan said yesterday the economic consultancy saw “scope for a 12% drop in property values by the end of 2020”. A 12% price fall in 3 years – or a multitude of trend changes? I interpolate.
Statistics NZ said on Wednesday its projections suggested the record growth rates seen in recent years would begin to subside but Auckland will keep growing.