Ms Dara Deering:

It will depend on the purpose of the home. I will focus first on where a home is being built for sale to an owner-occupier. In this regard, we consider two questions. First, we ask whether the unit can be built for what the builder tells us it can be built for and whether it is reasonable for the given area. The Deputy's colleague referred to construction costs. Second, we ask whether there is proven demand in a location for units sold at the expected sale price. That is how we assess it.