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AAP
AAP
Poppy Johnston

Property profits up as prices keep ticking higher

The percentage of profitable real estate sales grew in the December quarter, fresh analysis shows. (Lukas Coch/AAP PHOTOS)

Australia's ever-resilient housing market has helped median gross profits move higher to $310,000 from $290,000 in the three months before.

CoreLogic's latest pain and gain report found 94 per cent of transactions recorded a nominal gain in the December quarter, up from 93.6 per cent in the previous quarter and the decade average of 90.8 per cent.

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