Hon Dr MEGAN WOODS: On behalf of the Minister, what I do agree with is actually that we have had an undersupply of housing in New Zealand and that is why our Government has had a comprehensive suite of policies to address this very long-run problem. We can point to markets where we are seeing increased supply of housing coming on stream, seeing lower rates of rental increase. So if we look at January of this year, January 2022, the national Stats rents price increase increased by 0.7 from the previous month; in Auckland, it fell by 0.6 from the previous month. What we see across New Zealand is an annual 5.5 percent rent increase, but when we look at Auckland on its own, it is 3 percent. This is a market where the Government's policies around increasing housing supply are really starting to come to fruition.