Lincoln
Sha Jega | Market Report
Market Commentary
This year, New Zealand’s house prices have decreased as the country faces economic challenges aimed at making housing more affordable. However, Lincoln continues to outperform the broader market, with properties selling on average 12% above their rateable value, compared to Christchurch where homes are selling at or below.
In the past six months, Lincoln’s median house price has risen by 2.53%, bringing it to $912,500. Sales have also increased by 8.41%, with 116 properties sold during this period. Homes are moving faster, with the average days on market now down to 39—20% decrease than the prior 6 months.
We're seeing an increase in listings, largely driven by homeowners feeling the pinch of moving to higher interest rates. While the median house price has risen, this is largely due to fewer sales below $800k and a shift toward higher-priced homes selling. With the National Government focused on bringing inflation under control, there’s a cautious sense of optimism for long-term market stability.
After two years of significant price growth—19.35% in 2021 and 18.76% in 2022—the market saw a slight correction in 2023, with a 4.12% decline. However, from January to August 2024, the median price has increased by 3.19%.
Inflation has decreased to 3.3%, down from 7.3% in mid-2022, signalling a return to more manageable costs for essentials like groceries and petrol. This should help improve affordability in the medium term. The Government aims to reduce inflation to around 2%, but it could take another 12 to 18 months before we see the full impact of these measures.
Currently, the market favours buyers, with more homes available than demand. Interest rates have stabilised, but sellers should be mindful that market conditions are expected to soften further heading into 2025. If you’re considering selling, now is a strategic time, as homes are still fetching at or above their Rateable Values.
Setting a realistic price guide is key to achieving the best possible sale price in the shortest time. Overpricing a home or not providing a price guide can cause it to sit on the market longer, leading to a lower eventual sale price. We recommend pricing strategically from the start to avoid this.
Many believe the real estate market will rebound quickly after a recession, but the reality is more complex. Recovery depends on broader economic improvements, including increased affordability, and lower living costs. Until these factors improve, the market is unlikely to see growth.
We expect a further decline in the Christchurch market over the next three to six months, followed by up to two years of slow recovery. Growth of 2-4% annually is anticipated once the market stabilises. Avoid relying solely on media reports—stay informed and do your own research. If you need any real estate advice, I’m here to help.
Sha Jega - Lincoln Specialist
A little about Sha Jega
The first thing you'll notice when you meet Sha is her infectious energy and her ability to connect.
Raised in Sri Lanka, Malaysia, before moving to New Zealand, Sha has learned to connect with people regardless of their background along with the discipline required to succeed.
Originally joining the Najib team as a Property Manager, Sha quickly found a passion for sales and a unique ability to help her clients achieve their dream results.
Sha works closely alongside Nathan Najib, having been mentored and coached by him on her journey to become one of our best agents. With a variety of experience behind her, Sha is knowledgable and passionate about helping clients and works alongside them to be their greatest problem solving ally. Sha has a passion for giving back and enjoys being able to share her knowledge, passed down from Nathan, with the rest of the team. She aspires to be a coach and mentor herself one day and enjoys assisting Nathan with management and leadership decisions here at Najib.
Sha is an early-riser and pushes hard throughout the entire day: Listing, selling, negotiating, meeting with customers and following up, she is always driving the sale forward. Her phone battery will always be full, and she has an internal battery to match!
Sha is currently building her family home in Lincoln, and absolutely loves the locals and surroundings.
In real estate, they say the job never ends, but when she does pause from time to time, you'll find Sha sipping on a cool glass of riesling in some fulfilling places or spending time with her miniature schnauzer, Whiskey.
Lincoln Breakdown in the last 6 months
Residential Sales
March 2024 - August 2024
$912,500
39
116 Properties Changed Hands $2,600,000
Sha made selling my home a breeze
Sha made the whole process of selling my home a very straight forward one. I appreciated the time she took to get me know me and what was important for me in the sale process. Clear, timely communication about each step mattered to me, and this was exactly what Sha and her team delivered. A painless process from start to finish! Sha connected with my buyers and got to know them well too, ensuring very happy purchasers and one thrilled vendor (me!) who was absolutely delighted with the price that Sha negotiated for my property. I am so pleased that I chose Sha as my agent - she did an amazing job.
Verified by RateMyAgent
12/10
We are very grateful for Sha's hard work. She sold our house not just in a timely manner, she accommodated all our specific requirements and used the method that suited our situation the best, made the whole process as smooth as possible. She's very knowledgeable. She communicated with us at every step and explained in detail so we have confidence that we were making the right decision. Thank you very much Sha.
Verified by RateMyAgent
Top Residential Sales in Lincoln
Lincoln Monthly Median House Sale Price
Lincoln Number of Houses Sold Monthly
46 Zabeel Street, Lincoln
Sold by Sha Jega for $877,000
A newly built family home completed in 2020, located in the heart of Lincoln. This modern residence combines functional design with stylish details, offering an ideal environment for family living.
Lifestyle Property Sales in Lincoln
Lincoln House Sales
Lincoln Annual Sales Data
Residential House and Section Sales
The market has changed.
It’s not good enough to install a signboard, conduct 2 or 3 property viewings, hand out flyers, and hope you can eventually sell a home for a reasonable price.
Those days are gone.
Today you need an agency that has a strategical approach in order to achieve a premium price. At Najib we are proud to say we have perfected the selling process from start to finish.
We don’t just sell homes, we maximise the value of your property each and every time.
Book your free property appraisal with Sha: najibrealestate.co.nz/Sell/Free-Property-Appraisal/
Najib Property Management
We manage properties all across Christchurch and Selwyn, providing the highest level of service to our landlords and tenants.
We know that the key to a successful investment is having great tenants who look after the property to a high standard and pay their rent on time.
Our passionate and proactive team focus on achieving optimum results. Najib prides itself on reading the market's ebbs and flows to ensure your property always attracts its maximum rental value, with minimal vacancy times.
With our finely-tuned documentation processes and a sound understanding of legislation front of mind, we leave fewer things for you to worry about. This brings you one step closer to securing a profitable future with a steady investment return.
If you would like to find out more about property management with Najib, please take a moment to touch base.
Get 3 Months Free Management: bit.ly/property-managment-christchurch
Najib Sales Team
Nathan Najib West Melton Specialist
m 027 514 0775 @ nathan@najibre.co.nz
Sha Jega Lincoln Specialist
m 027 375 3670 @ shajega@najibre.co.nz
Nikhil Saine Sales Associate
m 027 514 7599 @ nikhilsaini@najibre.co.nz
George Simpson Operations Manager
m 021 593 882 @ georgesimpson@najibre.co.nz
Emily Herman Sales Support
m 03 326 7914 @ emilyherman@najibre.co.nz
A very professional lady who does not have an ego
I was very hesitant and cautious to start the selling process due to prior experiences with other agents. Sha allowed me to go at my own pace until I knew i was comfortable to let her take over. Advising without taking over. She was highly professional and listened to exactly what I wanted. At no stage was I left wondering what was happening as she kept me up to date every single step (this has not always happened with previous agents.) I had an offer very quickly due to the fact that she did not wait for a buyer, but went out and found them. I would have no hesitation in recommending Sha for an agent of any house. From a huge bouquet at the start to the bottle of champagne at the finish, Najib real estate far exceeds many companies I have dealt with in the past.
Verified by RateMyAgent
Trustworthy and authentic
Sha is the epitome of a fantastic real estate agent. Sha exudes a confidence and warmth that speaks to the depth of her care for the clients she deals with. Her authenticity and ability to connect relationally is what drew us to utilise her as an agent for the sale of our house. Prior to meeting Sha we were considering a private sale. However, we connected with Sha instantly and felt we could trust her. Sha brought a wealth of industry knowledge and skills that we lacked. Her ability to liaise between client and buyers is finessed and professional. We thank her for making a potentially stressful experience a positive one.
Verified by RateMyAgent
At Najib, the clients always comes first. They are dependent on us. We are dependent on them.
They are not an interruption to our work. They are the purpose of it. They are not an outsider of our business. They are part of it.
We are not doing them a favour by serving them. They are doing us a favour by giving us the opportunity to do so.
We would love to thank all our clients and customers for being a part of Najib Real Estate, and for the wonderful reviews you have provided.
Real Advice Nathan Najib
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m 027 375 3670 @ shajega@najibre.co.nz
116 Peterborough Street
Christchurch Central 8013
najibrealestate.co.nz