Strange JamieJAMIE STRANGE (Labour): Is it a split call or is it 10 minutes?Kieran McAnulty: She's the boss.JAMIE STRANGE: Yes OK. I am proud that this Government are putting Kiwis first. If I walked out to Lambton Quay and I stopped a hundred people on the street and I asked them Do you want our homes kept for Kiwis?" 99 percent of them would say yes.David Seymour: Is that a scientific sample?JAMIE STRANGE: Absolutely. I'll give you the results later. Now some people would say that those out there outside of this House would not understand an overseas investment bill if they tripped over it in the street but I believe that we need to listen to New Zealanders. Look if we look at Hamilton we've got 42 percent of Hamiltonians who are renting. They would like to get into a home but they're unable to and that's because of the rapid house price increase over the past few years. By bringing this bill in included in a suite of housing policies we will make housing more affordable for people again.One of the key reasons I got involved in politics is because I want my children to have a good future. I want my four kids to be able to afford to buy a house one day. I want my kids to have a good public health system; an education system that's diverse that works for all of them. [Interruption] Look the member Mr Bayly spoke about—actually it was one of the members over there—looking after Kiwis—Hon Member: Which one?JAMIE STRANGE: The blond one—I don't know his name. Ha ha! The member over there talked about Kiwis living overseas and so all of a sudden now you care about Kiwis. All of a sudden now you're looking after Kiwis—The ASSISTANT SPEAKER (Poto Williams): Excuse me don't bring the Speaker into the debate.JAMIE STRANGE: I apologise. I apologise. All of sudden now the members care about Kiwis where for nine years in Auckland they let house prices go absolutely crazy where Kiwis couldn't afford to buy houses.My wife and I bought our first house in 2003. We had a deposit of $12000 and back in 2003 to buy a house was within reach. In Auckland the average house price now is $1 million—$1 million for the average house—and the previous Government let it get to that point. They sat on their hands they let the market take over and the Reserve Bank even had to step in and act because the Government wouldn't.Well this Government will act. We will act in housing and this is like I said a part of a suite of changes. Some of the members have been talking about "3 percent". Well I contest that and the reason I contest that is because I'm constantly talking to real estate agents who are telling me it's a lot higher than that. I'm constantly talking to people who are at auctions and losing—and losing—Hon Gerry Brownlee: Real Estate New Zealand—it's their own figures.JAMIE STRANGE: Ha ha! Look people on the street know best Mr Brownlee. If you think that you know best then why didn't you receive the votes of the majority of the people on the street? The people on the street know best and we are listening to the people on the street. We're listening to hard-working Kiwis who can't afford to buy houses and we will enable them to get into homes.The goal for this policy is to ensure the housing market is shaped by New Zealand - based buyers. We will put Kiwis first. This will make homes more affordable for New Zealand buyers at some times in the property market cycle including first-home buyers while also supporting our efforts to build a more productive economy by helping redirect capital to productive assets. If we have a look at the German economy they've had fairly flat house prices for around 30 years because people invest in business—and primarily German businesses. We need a model similar to that where people are incentivised to invest in business rather than investing in housing.The new legislation brings residential land within the category of sensitive land in the Overseas Investment Act. This change will not affect New Zealand citizens regardless of where they live. They will continue to be able to buy houses without any screening from the Overseas Investment Office. Another key point here as one of my colleagues mentioned before is that if you live overseas and you do want to buy a New Zealand house you can do that by building so you're adding to the stock but you can't buy an existing house. Just going back to what I said from what I'm hearing 99 percent of New Zealanders agree with this policy and we will listen to Kiwis helping them get into their homes. Thank you.The ASSISTANT SPEAKER (Poto Williams): I call David Seymour—five minutes."