NZ’s sluggish economy lures thousands of Kiwis to Australia
By Daniel Ziffer, ABC News
Industrial designer Liam Hooper has found more job opportunities in Melbourne.
Photo: ABC News / Patrick Stone
Australia and New Zealand are neighbours, friends and sporting competitors. But they've had vastly different fortunes in the past few years.
Staring at a third recession in just two years, Kiwis are moving across the ditch to Australia in substantial numbers, seeking a sunnier economic climate.
"The cost of living was just getting out of control," said Alex Cashmore, who moved to Melbourne this year.
Alex Cashmore and his wife Taya moved across the ditch this year.
Photo: Supplied
He and wife Taya bought a house in Auckland as prices peaked in 2021 and just before the official cash rate skyrocketed from 0.25 percent to a peak of 5.5 percent.
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