Hon Dr DAVID CLARK: What I would note is that first-home buyer lending is up under this Government. I think that's pretty critical to the question the member's raising, and it should be noted that lending commitments usually fall in December, as I've previously noted, and that total lending commitments for December 2021 were higher than they were in December 2017, December 2018, and December 2019. I would also note that interest.co.nz recently acknowledged that while lending commitments dropped in December from November, as you'd expect, according to the season and compared to the previous year, the number of mortgages approved by first-home buyers expressed as a percentage of residential sales was 38.8 percent in December 2021, up from 34.4 percent in November last year, and 35 percent in the December prior.