Hon GRANT ROBERTSON: Today, the QV House Price Index was released and it shows that house prices are now becoming more sustainable, with quarterly price growth slowing for the third successive month. The average value increased 4.3 percent in the three months to the end of July, down from 6.6 percent growth in the previous month. Three-monthly value growth has more than halved since April. All of the 16 major urban centres that Quotable Value (QV) monitors have shown a reduction in quarterly growth compared to the previous period. As QV said today, "the market is clearly cooling now as a result of Government and Reserve Bank policy initiatives aimed at dampening the enthusiasm of investors."