Rt Hon JACINDA ARDERN: Certainly the issue we have at the moment is that those who are purchasing on the basis of trading in a market where they make a gain by flipping a house at a point when the market is high are causing extra demand in the housing market. What I would say to anyone who is choosing to purchase a property for the purposes of a long-term investment: make it long term. That provides extra stability for tenants. It means they aren't being removed from their housing when there is heat in the market. And we also encourage those who may be wanting to invest in New Zealand to invest in a new build. It will be exempt from the brightline changes and from interest deductibility changes.