32 Auckland Market Activity As it has done throughout most of the year, demand has continued to drop significantly in Auckland. There are clearly far fewer prospective buyers going to their banks asking for mortgages. The share of sales in Auckland to multiple property owners has remained near record levels however the make-up of these buyers has changed. While previously as low as 20% of these multiple property owners were buying without mortgages, we’re now seeing this share increase to 30%. This is not due to cash buyers flooding the market – it’s due to those requiring a mortgage to purchase property now being unable (or not wanting) to secure that finance Those people moving home also reduced their activity in Q2, suggesting they also may be finding it hard to secure finance, either for upsizing or bridging. Market Activity Index - Auckland Buyer Classification - Auckland