Mr. John Moran:

Socially beneficial is a wide-ranging term. The benefits of having professional owners of real estate, as opposed to one of private investors, can be beneficial in that they give the opportunity to provide professional management. Rapid rent increases in residential accommodation, which we witnessed, are wrong. If I were creating Government policy, which I am not, I would look to change leasing structures in residential investment to have something that is fairer for both landlords and tenants.