Hon DAVID PARKER: I've seen reports this week, including from people saying that they owned 70 properties, 45 of which were residential rentals. And my reading of the analysis in that article was that the overall tax bill for that particular taxpayer after the four-year transition period would be $45,000 per annum, which would be about $1,000 per property. I suspect most property investors will take decisions as they think fit for their future investment portfolio. But clearly, in the case of that particular individual with 70 properties, the effect was going to be around $1,000 per property per annum.