More Kiwis are coming home—but Australia’s still pulling in far more than it’s sending back, leaving New Zealand with a net loss of 28,500 people in just one year. While Prime Minister Luxon celebrated the return trend, critics noted his focus on positives while downplaying the massive outflow. The numbers reveal a complex shift: returning Kiwis may be turning the tide, but Australia’s pull remains strong—making this migration puzzle a key policy watchpoint.

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