Experts are divided on the path to future Olympic glory, with one saying New Zealand can't afford to enter an international funding "arms race".
Geoff Dickson, associate dean of AUT's faculty of health and environmental sciences, said the Government's funding freeze for high-performance sport did not mean we could not compete.
"The Australian rowing programme has considerably more resources at its disposal, yet the New Zealand programme is more effective."
He said New Zealand's population meant it was at its upper reaches for medals and it would be a major achievement to maintain its standing.
New Zealand won 13 medals in London, including five golds.