32 Auckland Market Activity After a surge in market activity earlier in the year, demand has continued to drop significantly over the past couple of months in Auckland. There are clearly far fewer prospective buyers going to their banks asking for mortgages. The share of sales to investors has bounced up again slightly, having taken a hit following the latest round of Reserve Bank lending restrictions. This increase in investors has largely been at the expense of people moving house. Given that sales volumes in Auckland have dropped significantly, this relatively stable mix of buyers shows that they have all been knocked out of the market almost equally rather than one group being hit much harder than others. Market Activity Index - Auckland Buyer Classification - Auckland The strength in investor share is mainly due to cash investors remaining active, while those requiring a mortgage have reduced their activity.