Dr DEBORAH RUSSELL: On behalf of the Minister, the Minister has received many positive responses to the new-build exemptions. People are recognising that the Government has made a deliberate decision with our demand side measures to tilt the balance towards supply by exempting new builds to encourage investment in building new homes. Kiwibank's chief economist, Jarrod Kerr, has said that "Rather than try to get rid of investors entirely, they recognise the fact that they're the ones that do the development. Pouring more resources into new dwellings is incredibly important right now.", and even the Real Estate Institute has said that "the fact that new builds are to be exempt from the bright-line test is welcome news and could go some way to helping to boost the overall supply of housing." 