Graham Potts plans 177 apartments on the former Gowrie Court public housing in Narrabundah. Jure Domazet is waiting for approval for 240 apartments and townhouses on Limestone Avenue near the War Memorial.But questions remain about the capacity of the market to absorb so many new apartments.The latest building approvals data shows the number of new free standing houses approved is down less dramatically, with 753 approved so far this year, compared with 871 for the same period last year.Overall, the trend in dwellings houses, townhouses and apartments put together is at a 10 year low. Just 193 dwellings were approved in August (in trend terms), down from a high of 768 in June 2018 (trend figures).Housing Industry Association ACT head Greg Weller said the apartment downturn had been expected for some time and could reflect a structural downturn, with apartment numbers settling eventually at a lower level.
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