BUILDING approvals in Western Australia rose for the third consecutive month in November 2010, a sign the market was on the road to recovery, according to the Urban Development Institute of Australia.
Australian Bureau of Statistics figures showed a 7.1 per cent increase in total dwellings approved for the month in WA.
“With three consecutive increases in building approvals it certainly seems that the market hit the bottom of a downward cycle in September and has now steadied and likely to improve throughout the year,” UDIA chief executive Debra Goostrey said