Dunedin real estate values are faring well, according to the latest statistics to be released by Quotable Value New Zealand.

Dunedin values rose 4.9% during 2009, topped only by Auckland's 5.1% increase.

Christchurch and Wellington also had a reasonable rise of 4.6%, while Tauranga recorded a tiny 0.1% increase.

Dunedin's rise takes the average sale price to over $276,000