That compared to an annual net gain of barely 11,000 in the November 2022 year.
But it was down slightly from a net gain of 128,900 in the October 2023 year.
“The 249,500 migrant arrivals and 122,100 migrant departures in the November 2023 year are, provisionally, the highest on record for an annual period,” Stats NZ said.
The provisional net gain of 127,400 comprised a net gain of 171,900 non-citizens.
However, there was a net migration loss of 44,500 New Zealand citizens.
That net loss was provisionally a new annual record, greater than the 44,400 in the February 2012 year.
David Cooper, Malcolm Pacific Immigration chief executive, said the overall high numbers of new arrivals were partly the result of lags from previous major events.
“It’s still a result of the border reopening. So the previous Government had the 2021 Resident Visas programme where 200,000-plus people got granted residence.”
There had been a hangover with that programme with some of those granted visas bringing relatives over more recently, Cooper said.
The worker shortages of 2022 had also led to greater offshore recruitment.
That process was now probably slowing as the economy and labour market cooled, but the migration numbers could lag, as it took time to process visa applications and for people to move countries.
Cooper said people should take care when reading the headline numbers.
“Net migration gain, in the average person’s head, means all of these people are coming here to live.”
“The provisional net migration loss to Australia in the year ended June 2023 was made up of a net loss of 21,400 New Zealand citizens, which more than offset a small net gain of 400 non-New Zealand citizens from Australia,” Stats NZ said.
There had traditionally been a net migration loss from New Zealand to Australia, which averaged about 3000 a year during 2014-19.