Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

In that example, repayments would be less than 24% of their net disposable income. To have the certainty that repayments would be less than a quarter of the couple's net disposable income after things such as taxation and other outstanding loans are taken into account is incredible. It is a very good product in that way and will help people buy houses on the private market and as part of our new affordable purchase scheme. As regards the Deputy's point that the scheme will be used to purchase unaffordable houses, between January and the end of October 2017 more than two thirds of houses purchased by first-time buyers in the Cork, Galway and greater Dublin areas cost less than €320,000, which is the relevant cap on the scheme. There are thousands of houses for sale-----