Dr. Colin Hunt:

I do not believe there is any issue with the financial question. We have the capital and the appetite to support the building of more houses in this country. I believe there are other capacity issues, related to planning, labour and skills but there is an appetite in terms of financing and funding. We are going through a challenging period globally regarding commercial real estate. We have taken a deliberately cautious approach to new lending for office development. We believe this is the right thing to do, given there is a likely valuation adjustment in the sector. However, our appetite to deploy capital in private housing construction and social and affordable housing construction is undiminished.