Recently, a huge volume of people have been found migrating to New Zealand from Australia, but a recent report released by the National Australia Bank revealed that Australians feel that their nation is safer than NZ.
The report released by Statistics New Zealand claimed that the number of people migrating from Australia to New Zealand has witnessed a net gain of 65,900 in a year to January 31, 2016. On the other hand, the NAB survey has revealed that Australians like living in their own nation because of its developing standard of living. The report stated the difference in living and choices of various states around the country.
According to the Sydney Morning Herald, the NAB survey, on the other hand, indicated that Queensland residents find its country’s climatic conditions appealing, while Victorians love sport, Western Australia likes spacious places to live in, whereas New South Wales people are fond of diversity. However, the most surprising revelation was that the Aussies were most concerned about their safety and security. Hence, they put Australia as their safest choice as far as protection and a safe livelihood was concerned.
NAB surveyed 2,000 people, 36 percent of whom voted for highest security especially in South Australia, while 43 percent said being safe was more important. The choice of these people to live in Australia shows they feel Australia is not only safer than NZ but it is more secure than so many other nations as well.
Some years ago, Kiwis were found migrating to Australia in search of better opportunities and living conditions but the process reversed in recent times. The reason behind this is believed to be the lower cost of living in the Kiwis’ nation along with the declining economy of the Aussies. However, even if the Australian economy is not that strong as NZ, the consistency makes it a steady economy around the world.
The consistent value of the Australian dollar is the biggest strength of the nation. The Economic Times reported that the NZ dollar fell to 0.8 percent on Monday morning, while the Aussie dollar remained consistent. Debt futures helps ease 2.5 percent cash rate as it provides one out of three chances to do so before the Reserve Bank of New Zealand’s review rates hit the market on March 10.
“We saw a big move in the currency and we are seeing a big move in rates,” said Tim Kelleher, head of ASB’s FX Institutional Sales New Zealand said to The Economic Times. “It’s all adding up,” he added.