Property values in Tauranga bucked national property trends by falling in value by 2.2 per cent, according to latest figures released by Quotable Value.
The average property value across New Zealand rose by one per cent in the three months to the end of November, compared to the same period in 2008.

The average sale price for the region increased slightly from $400,367 to $401,620.
Shayne Donovan-Grammer says Tauranga appears to be lagging behind the value increases being felt by the main centres.
'Most of the sales that are occurring seem to be at either sharp or predictable prices, although there is strong interest shown by buyers for property in the $300,000 to $400,000 bracket.
'Predicted interest rate increases seem to have deterred investors more than first home buyers from participating in the market at this stage,” says Shayne.
According to the index, nationwide values are now 4.1 per cent up from their low in April 2009, but are still 5.9 per cent below the market peak of late 2007.
QV valuation manager Glenda Whitehead says this increase in nationwide values is largely driven by the main urban areas which have risen 4.7 per cent since the low.
'In contrast the provincial centres have only risen 2.0 per cent and rural residential areas only 0.4 per cent,” says Glenda.