The number of people coming to visit or live in this country is continuing to reach new highs.
Official figures show annual net migration at 72,000 in the year to May.
Three out of four of the migrants arriving were non-New Zealand citizens, especially from China, Britain and Australia. Many New Zealanders are also returning home.
Migrant arrivals numbered 130,400 and 58,400 departed over the year.
For the month of May, there was a net gain of 5900 people, which was slightly above the month before.
A record 3.6 million tourists visited New Zealand in the year to May.
Westpac senior economist Satish Ranchhod said he expected to see more of the same in the near-term.
"New Zealand's economic conditions remain relatively positive."
"Policy changes in Australia mean that the main destination for New Zealanders travelling abroad now looks less welcoming," he said.
Mr Ranchhod said any immigration policy change here following September's general election could affect the outlook.