That's correct.
At the time when those rebates were set up in the 1990s, about 90% of homes that were bought would have been below the minimum threshold at which the GST was clawed back, so for most homes at that point, buyers would have paid no GST.
Now, it's the exact opposite. Now you're seeing most new homes sold to owner-occupiers being subject to some GST; 90% or so are subject to some GST. The situation is now flipped, so we absolutely need to go back to those thresholds and update them for inflation. What the proper number would be and what the committee should be recommending is in the range of around $850,000 for some of these thresholds.