A 12.6 percent fall in total housing approvals for August has been triggered by a drop in apartment approvals from 5,427 in July to just 3,213 in August.
				Completion of residential projects in central Sydney is set to remain strong for the next two years following which the effect of the shortage of suitable development sites is likely to slow the activity.
				The much needed recovery in housing affordability has fallen into a black hole.
				The population of Townsville has grown by 2.5 percent per annum over the past five years and projections are that a rate of increase of over 2 percent will continue for the next 20 years.
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