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New Zealand’s new PM decries ‘open floodgates’ immigration policy after migrant upsurge
New Zealand’s record level of immigration is unsustainable and the government expects it to slow, Prime Minister Christopher Luxon said.
The net annual immigration gain of 118,835 people in the year through September “doesn’t feel sustainable for New Zealand at all”, Luxon told Radio New Zealand on Monday in Wellington. “We understand that there is a little bit of catch up that has been needed to fill some shortages that have existed since the lockdown periods. We expect that to be slowing month on month.”
New Zealand’s population rose 2.7 per cent in the year to September, its biggest jump in more than 30 years, as immigrant numbers surged. The Reserve Bank last month surprised markets by signalling a greater risk of a rate increase next year, citing concern that the flood of new arrivals is pushing up rents and house prices, and may fan inflation.
Luxon’s comments come after Australia said it plans to bring its own record-high levels of immigration under control as it struggles with a growing housing crisis and soaring rents.