Today I will review the progress being made towards a better balance in the housing market and discuss the potential implications for Reserve Bank policies. 2. Housing market activity is weakening  After gathering momentum from mid-2012, the housing market looks to have slowed in the six months since LVR restrictions were introduced.
We did have some initial technology issues, but our team is working to resolve these problems. Arrangements are now in place to facilitate transfers of securities. The Bank too is part of this transformation. My vision is to create a Bank that facilitates business in the efficient provision of our services.