It's official: Nick Smith is now the 'Million-Dollar Minister'.
He is the Housing Minister in the Government under which you need a million bucks to buy the average house in our biggest city.
The average house price in Auckland is now $1,013,632.
There is a hell of lot of hot air talked about the housing market - a real blame game.
But let's just look at some facts.
In November 2008, the year National came to power, the average house in Auckland was $501,939.
When Nick Smith took over as Housing Minister in January 2013 it was $607,439.
And now it $1,013,632.
I won't muck around here, because New Zealanders aren't thick - there's no real need for political analysis.
Kiwis know what a million bucks means - it's a lot of cash.
A million dollars is a sad symbol.
It is a stain on this Government's housing record.
It is an indictment - a million-dollar indictment.