Bernard Hickey

Bernard Hickey is a New Zealand financial and political journalist, editor, and media founder. He publishes The Kākā, a newsletter and podcast focused on New Zealand’s political economy, including housing and the economy, and has co-founded media ventures including Interest.co.nz and Newsroom.

New Zealand’s Housing Bet Is Driving Workers to Australia

New Zealand is losing established workers to Australia as recession, rising unemployment and higher Australian wages make staying less attractive. Bloomberg’s mini-documentary links that pressure in part to a housing downturn in an economy where, Bernard Hickey says, households have tied much of their savings to property rather than business investment. As workers leave, the country is also seeking wealthy foreign investors through a visa program that offers a route to permanent residence.

Bloomberg OriginalsNov 6, 20265 min read