This data is more accurate than the typical media-reported 'vacancy rate' arrived at by surveying real estate agents and asking "what percentage of the properti

This data is more accurate than the typical media-reported 'vacancy rate' arrived at by surveying real estate agents and asking "what percentage of the properties on your books are currently vacant?" - which usually results in a figure somewhere around 3%. The methodology of the Speculative Vacancies Report involves gathering water usage data for all properties. That can mean that if a property is occupied for a single month it isn't counted. A lot of the Docklands apartments appear to be not only vacant investments, but also short-term rentals and 'city pads', so I'm not at all surprised that it appears more like a ghost town than the figures suggest it might.