23 July 2008

Skills shortage 'prevented by New Zealand immigration'

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New Zealand skilled immigration could save the country from a skills shortage as workers leave for Australia. Figures from Statistics New Zealand show the number of skilled migrants leaving the county has accelerated, according to iStockAnalyst.

The number of New Zealanders engaging in Australian immigration has increased to the highest level in 19 years, the research shows. Over the past year, a net total of 31,900 workers crossed the Tasman to reach Australia.

Cameron Bagrie, ANZ National Bank Chief Economist told the news provider a fall in New Zealand skilled migration could cause problems for the country. He explained: "If we're losing workers, it restricts the supply-side capacity of the economy. That's becoming a bit problematic when you look at the people we're losing."

However, he added that overall net New Zealand immigration remains positive. According to the data, 4,700 more people settled in the country than migrated over the past twelve months, although this was down from the 11,000 for the previous year.

Recent research has shown Australia's population is increasing at a record rate of one million every three years. Around 100,000 of these are people entering the country on temporary Australian visas.

New Zealand needs skilled migrants: Anyone applying for a New Zealand visa should begin by taking the New Zealand Visa Bureau's online New Zealand visa assessment to see if they meet the basic legislative requirements.

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