Rt Hon JACINDA ARDERN: As we have heard a number of economists state, some of the issues we see in our housing market are down to housing supply and housing demand. We have tried to address both supply and demand by making sure, for instance, that we've put a stop to foreign buyers in the residential housing market. We've also done things like close tax loopholes, and we've, with urgency, tried to address the inadequate supply. We're seeing, now, that come through, with consents at the highest level since the 1970s. Our hope is that, over time, that will make a difference, unlike the global financial crisis period, where we saw housing construction halve. 