Dunedin house values are up by 8% compared to a year ago.

The latest quotable value data has just been released, showing the city's housing stock has jumped in worth by 2% in the last three months alone.

South Dunedin is leading the way, with the largest increase in the average property's worth to just under $300,000.

On a whole the city's average home is valued at about $315,000.

That's a 10% rise since the 2007 market peak.