Yes, we do. As I mentioned, the business model for purpose-built rentals has been broken for a long time, and the numbers just don't pencil out. In order to build more purpose-built rentals, you have to be able to do it and not lose money, frankly. The taxation system has been a problem and is now an opportunity, thanks to the removal of the GST. Unfortunately, the high interest rates have come at the same time, so we still need other support, like more low-interest financing and that sort of thing. It's really important that we get that model for purpose-built rentals working so that we can get more supply online.
On May 27th, 2024. See this statement in context.