Mr. Fergal O'Brien:

We are concerned to see a repeat of the wage-cost spiral that of 15 years ago that ultimately did not lead to an increase in people's living standards, and put us in a precarious position when the global crisis hit. Housing is the most significant challenge we have around the pressures coming through. As I said in my opening remarks, the cost and availability of properly serviced and zoned land with full infrastructure is the key issue in the affordability of housing in the future. We have a lot of land in this country that is not zoned in the right places with the right infrastructure for the development industry to deliver the housing we need. We published a housing report in recent weeks, in which we made a number of comprehensive recommendations about how we can address the housing affordability and supply issue, and we would be very happy to share it with the committee.