Lincoln
Sha Jega | Market Report
Market Commentary
New Zealand’s housing market has continued its correction in 2024. After a turbulent two years, there’s finally a glimmer of optimism, with signs suggesting we may be nearing the bottom of the property cycle. While economic pressures continue to weigh on households, there’s a growing sense of stabilisation.
Recovery doesn’t happen overnight, but the signs are encouraging. Interest rates are gradually trending downward and are now creeping below 5%, offering relief for mortgage holders and improving affordability for buyers.
However, supply continues to outstrip demand across most markets. This imbalance means a sharp rebound in prices is unlikely in the short term.
That said, Lincoln is showing notable resilience compared to neighbouring towns. Buyers continue to be drawn to its family-friendly appeal, proximity to Christchurch, and strong sense of community.
Over the past six months, Lincoln has recorded a 2.11% increase in median house prices, bringing the median sale price to $908,250. While modest, this growth bucks the trend seen across much of the country. Median days on market have also dropped to 37—an 11.9% decrease—indicating that buyer interest remains steady for well-presented homes.
Unlike many towns across New Zealand that surged and then sharply corrected, Lincoln’s growth has been more measured—and, as a result, more resilient. In 2021, house prices rose 19.35%, followed by another 18.764% in 2022, marking the peak of the local market. Although 2023 saw a decline of 4.12%, Lincoln has rebounded in 2024 with a 1.94% rise. Notably, this year has also seen the highest number of sales in Lincoln over the past decade.
At the same time, inflation is beginning to ease. From a peak well above 6%, the March 2025 quarter saw inflation drop to 2.5%. While this is a step in the right direction, everyday costs—such as groceries, fuel, and utilities—remain elevated.
The National Government continues to work toward its 2% inflation target,
though the process is a delicate balancing act. As part of this approach, interest rates are no longer expected to fall drastically. Instead, we’re likely to see them hover around the mid-4% range in the foreseeable future.
For both homeowners and buyers, this stabilisation is significant. While ultra-low rates may not return, a more predictable environment provides greater confidence. As inflation continues to ease and wages gradually rise, we anticipate a slow rebalancing between income and cost of living—making home ownership more accessible again over the medium term.
In Lincoln, this shift is already showing in the market. The drop in median days on market confirms that homes priced correctly and presented well are still achieving solid results. For buyers, the current conditions offer a rare window of opportunity: stable pricing, improving interest rates, and plenty of choice. For sellers, Lincoln continues to outperform many other suburbs, and those who align with the market are being rewarded.
If you're thinking of selling in Lincoln this year, there are a few key things to keep in mind. Be realistic with pricing—today’s buyers are informed and comparison-savvy. Work with a local agent who understands the nuances of the area—its streets, schools, buyer demographics, and upcoming developments. And avoid listing without a price guide—homes without clear pricing often sit longer and ultimately sell for less.
Looking ahead to the remainder of 2025, we expect Lincoln’s market to remain steady. If interest rates continue to ease and inflation reaches the Government's targets, 2026 could signal the start of the next growth phase—with annual increases of 2–4% becoming the new norm.
If you’re considering a move, looking to sell your current home, or simply want advice on navigating the current market, I’d love to help. As your Lincoln area specialist—and a proud local—I’m always just a call or email away.
Warm regards,
Sha Jega -Najib Real Estate
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 has just moved into 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
October 2024 - March 2025
$908,250
142 Properties Changed Hands
37
Top 10 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
Confidence earned
Engaging Sha to sell our house was a real treat. We’re a young very busy family with two toddlers and the prospect of selling our house seemed like such a mountain to climb. Sha’s professionalism, honesty and love she has for this job helped to put us at ease through this campaign.
Hearing our expectations, giving us her honest feedback based on local market data which she seemed to know as if the were written on her hand gave us the confidence to trust her opinion on which market campaign strategy to take. We couldn't be any happier with the results the combined effort of Sha and the Najib team achieved for us.
If you’re looking to sell your house, choose Sha, trust Sha she knows what she’s doing!
Alex And Elliot (Vendors)
First Time House Seller
Bill and myself found Sha to be great. With her excellent knowledge of House marketing, she related this to us perfectly. A very professional salesperson. Her knowledge was never ending. We had no problems understanding her explanations of what was involved in selling the house in question. Wouldn't hesitate to recommend both her and the other staff members of Najibs. Thank you everyone.
Excellent Sales-Person, gets results
Really happy with Sha and the team at Najib. Najib has looked after my rental property and me for over 10 years and it's been stress free. Eventually it came time to sell and I just can't praise the team enough. They communicated well, gave me a clear plan and set expectations. Most importantly they got me a price that I'm happy with.
Effective Sale of Property
Sha was our agent for the sale of our investment flat during a very stressful time in our lives. She knew this, and went above and beyond to ensure a successful outcome. As we were frequently in the hospital during this time, communication from Sha was very effective and only when necessary, as we couldn't always be available. She walked us through the process and acted in our best interests, even when we couldn't devote much of our time to corresponding. Sha cared about our situation and we are rapt with the outcome.
Selling with Sha
As a first time seller Sha made the whole process extremely easy with her guidance, experience and knowledge and her bubbly happy personality. Nothing was a problem for her to deal with and no question went unanswered. I highly recommend Sha for anyone looking for a fantastic experience selling their property.
Lifestyle Property Sales in Lincoln
Lincoln House Sales
Lincoln Annual Sales Data
Residential House and Section Sales
Start with a strategy, end with a sale.
When you work with Najib, the difference is clear.
We don’t just list homes—we tell their story. Unlike others, we don’t outsource your property’s marketing. Instead, we’ve built an in-house team of creatives and a dedicated Sales Concierge to manage every detail of your campaign from start to finish.
Why?
Because your agent should be doing what they do best: negotiating, guiding, and ultimately finding you the right buyer—not just the first.
This isn’t just a better way of doing real estate. It’s a smarter, more focused service designed entirely around getting you the best result.
Once you experience it, you’ll see why our clients don’t just recommend us—they rave about us.
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.
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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 Saini Rolleston Specialist
m 027 514 7599 @ nikhilsaini@najibre.co.nz
Matthew Beaumont Marketing Specialist
m 03 326 7914 @ hello@najibre.co.nz
Santiago Laudadio Senior Videographer
m 03 326 7914
@ santiagolaudadio@najibre.co.nz
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
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Christchurch Central 8013
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