ASB says our net migration is likely to fall more quickly than once thought

Stats NZ data shows annual net migration's fallen to 67-thousand, the lowest level since early 2023.

It peaked at 136-thousand in October last year.

ASB Chief Economist Mark Smith says they expect that number to approach 30-thousand by the end of the year.

He says the speed that net flows have fallen off has been surprising, and we could well see net migration outflows next year.