The latest migration figures could bring positive and negative implications for New Zealand

Stats NZ data shows more than 131-thousand people departed in the year to October -- a 32-percent increase on 2023.

Migrant arrivals also dropped 28-percent, to just under 170-thousand people.

Devon Funds Management's Greg Smith says it removes a source of inflation and housing demand -- but is a hand-brake on economic growth.

He says countries like Australia are being aided by high-migration levels, as its economy softens.