Davidson MaramaMARAMA DAVIDSON (Green): I promise that I will be speaking directly to this new part of this bill which is extending the time to dampen the speculators' available time when they have to pay tax when they onsell a second third or 20th property. I want to speak specifically from my own experience as a renter in Manurewa. This part of the legislation would directly impact on my experiences and those of others in my community. I think for about 3 weeks now we have been in our new house. We were forced to move from our old rental and into a new property because the owner of the house gave us notice because they wanted to sell the property. As anyone can understand being forced to move on from a rental property when you are not quite ready to is incredibly unsettling—not so much when you are an MP who has status and income but hardly anyone has that. So this particular part of the bill is of huge concern to me. I do want to refer to remarks that have been made by me in the Chamber earlier today about displaying too much emotion. This Government is disconnected and it does not like to be shown up for its lack of emotion. The reason why I am emotional about ensuring that all New Zealanders have a secure property—which is why dampening the market as in what this new part of the bill would help do is incredibly important. Part of the connection is because I am in the middle of that situation. I am living in those communities. I am experiencing it myself albeit from a privileged position. So I just want to continue and say that we need a Government that understands that homes are for living in. Oh by the way Minister Brownlee needs to catch up—I have been sanctimonious long before now. We need our Government to understand that homes are for living in so we will be proudly supporting this amendment even though the Green Party would also like to extend it further so that any second third or 20th property is subject to a capital gains tax. We are firmly on the side of New Zealand families and not speculators which is where this Government is standing strong. They are out there. If there was a hīkoi tomorrow by developers up Queen Street you would see the National Government waving the flag—The CHAIRPERSON (Hon Chester Borrows): Talk to this part.MARAMA DAVIDSON: Kia kaha developers. Fair enough. OK so that is where this Government is standing. Some of the objection to this new part apparently from the Government to extending the brightline test is because of economic concern. Has the Government seen its economy lately? It is not doing so well so I do not know why the Government comes up with these economic concerns when everything that it has done has ruined our economy for people and for our planet. Has it actually seen the economy lately? So Mr Chair I do thank you for allowing me to get up and talk about how important this is. Manuwera and Ōtara—even though nationwide investors are buying more than 50 percent of properties in particular communities it is higher. It is higher. When my house was being sold the realtor sat at my table looked me in the eyes and said: You know you should be fine Marama. You shouldn't have to move. Do you know that over the past few months over 90 percent of the properties being sold in Manuwera Marama have been to sold investors? You'll be right. You won't have to move." I swear that this is what I was told to my face at my kitchen table as the realtor tried to reassure me and my family that we would not have to move. Over 90 percent of the properties he was observing as a real estate agent in Manuwera were being sold to investors because our poorer communities are funding speculators. Who are the bludgers here seriously? Our poorer communities are allowing the wealth accumulation of the speculators the very ones whom this National Government is standing beside."