What were the most profitable housing markets in the December quarter?

CoreLogic has released its quarterly ‘Pain and Gain’ report for the December quarter, which analyses the proportion of dwelling resales that made a nominal gain (or loss) relative to the previous purchase price. The latest analysis was based on 98,000 sales through the December quarter, where CoreLogic observed the property had previously sold. 

Based on the observations, 89.9% of sales saw a nominal gain through the December quarter, up from a recent low of 87.4% in the three months to…