One thing I want to note, that I reflected on, is in the first reading, Minister Kelvin Davis said that "These changes build on our earlier action to ban overseas purchase of existing homes so that New Zealanders are not outbid by wealthy overseas investors". I think it's a shame that the Minister went there and said that, because I think it's unrelated and appears to be some sort of attempt to cover up the fact that this bill is a product of their own policy failure of picking winners and losers in their previous coalition—no pun intended.