NZ has fewer people than we thought … so we don’t need to build so many houses

NZ has fewer people than we thought … so we don’t need to build so many houses cover image

New Zealand’s immigration boom wasn’t as big as reported at the time, a major revision by Statistics NZ has found.

That means we’ll need to build fewer houses to meet the current shortage, says Westpac senior economist Satish Ranchhod.

The new, more accurate data shows there’s fewer people in New Zealand than we thought and that has major implications for the economic outlook, he says.

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