Immigration pick up a plus for housing market

Figures from Statistics New Zealand yesterday showed that net migration continues to recover on the back of another sizable drop in departures.

They show that over the past 12 months New Zealand has recorded an additional 9,176 net migrants.

"The turn around in net migration over the past few months has been swift, and net migration is likely to continue to rise,” ASB Bank economist Jane Turner says.

At the current rate the annualised inflow equates to around 26,000 people coming into the country a year.