The Rise of Silicon Welly

Wellington

Wellington continues to encourage IT specialists (mainly from the US) to relocate to the city internationally dubbed ‘Silicon Welly’. New Zealand is becoming an incubation nation for young entrepreneurs who are trying to get their business up and running.

New Zealand attracted a record number of 131,000 migrants in the year to June, proving it’s a country the world wants to live in.

As for the neighbours across the ditch, 2016 stats showed there are more Australians relocating to New Zealand than vice versa for the first time since the early ‘90s.

Immigration to Wellington has helped fuel economic expansion, not only attracting workers from abroad, but also encouraging New Zealanders to stay at home. Permanent arrivals have outnumbered departures in the past five years, with a record net intake of 72,000 arrivals in the past 12 months alone.

The city’s growing population is also putting a strain on public services like housing. The country’s government is now fighting to achieve a balance between the need for immigration and protecting the city’s locals.

Thinking of moving to New Zealand or abroad? Speak to a Grace Mobility Specialist today about your relocation.

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