John Cummins (Fine Gael) | Oireachtas source

On the shared equity scheme, we said 1 July was an accurate timescale to work towards. When the scheme was first announced, the maximum purchase prices were at a certain level. Obviously, some of them have increased, particularly, as Mr. Baneham said, outside Dublin. There was a cap of €250,000 placed on Waterford. When one looks at the median house price data from the Central Statistics Office, which I believe the Housing Agency used for this, the current figure is €274,000. Correct me if I am wrong, but it would be safe to assume that the maximum purchase price should be at €300,000 because there has to be some headroom. What was done in every other area was that if the figure was €275,000, it went to the next limit of €300,000 with the next multiples being €350,000 and €400,000. Will Mr. Baneham comment on that?