Hon GRANT ROBERTSON: There have been many positive reactions to our moves to encourage the building of new homes. The Real Estate Institute of New Zealand says, "The fact that new builds are to be exempt from the brightline [extension] is welcome news and could go some way to helping to boost the overall supply of housing." Kiwibank has said that "the changes to the brightline test [to] exclude new builds" is an encouraging move, adding that "nudging investor demand into new builds will help boost supply." New builds will be exempted from the brightline test extension and the changes to interest deductibility. This will help boost housing supply, which, in time, will help moderate price rises.