Rt Hon JACINDA ARDERN: One of the things that we've openly acknowledged is that there is a place for investors in New Zealand's housing market, but what we want to do is make sure that we are incentivising those investors in the new builds that we need so that we can see that increase in supply. To answer the issue around those who may already own an investment property, we have tried to smooth the removal of the interest deductibility provisions. We learnt from the UK example. They initially proposed interest deductibility changes that came in all at once for those with an existing property and then down the track chose to phase it. We have phased it straight off the bat, and we're doing it at a time when interest rates are low to try and reduce the impact on those investors who already have tenants.