West Melton
Nathan Najib | Market Report
Market Commentary
New Zealand’s housing market has continued its correction in 2024 after a steady decline since the peak. While the journey has been challenging, there are now signs we may be nearing the bottom of the cycle. Interest rates have started easing, now slipping below 5%, offering relief to mortgage holders and improving affordability for buyers.
Despite these improvements, supply continues to outpace demand. More homes are listed than there are active buyers, making a quick rebound in prices unlikely. The broader economy is still stabilising, and buyer sentiment remains cautious.
In West Melton, the last six months have revealed some key shifts. The median selling price is now $1,120,000—an 8% drop from the previous period. Sales volume also fell, with only 29 homes sold compared to 40 in the previous six months. However, total sales for 2024 have already reached 60—the highest number since 2020. The median days on market has climbed to 58, a 24% increase and the highest in a decade, pointing clearly to oversupply and slower decision-making from buyers.
While prices have come down, the pace of decline has slowed, suggesting the market is entering a stabilisation phase. Real growth is unlikely until 2026. In the meantime, falling interest rates are easing pressure on household budgets, especially for those rolling off higher fixed-term mortgages. Some homeowners are now enjoying a little more financial flexibility.
This environment is encouraging activity in the mid-to-high-end market, where buyers are increasingly looking to upgrade or invest rather than leave cash in lower-interest savings. It’s also supporting suburbs like West Melton, which continue to perform well thanks to their lifestyle appeal.
West Melton’s trajectory remains strong. Prices surged 31.69% in 2021 and another 10.38% in 2022 before a slight correction of 3.37% in 2023. In 2024, the suburb defied national trends with a 7% increase—driven by higher-end home sales. This speaks to the suburb’s continued desirability and strong buyer demand for quality homes in premium locations.
expensive. Interest rates have followed suit, now sitting just under 5%, but they’re unlikely to return to ultra-low levels. The government’s focus on reducing inflation—potentially at the cost of rising unemployment—aims to close the gap between wages and the cost of living over time.
Right now, it’s clearly a buyer’s market. Supply is high, interest rates are easing, and buyers have regained some borrowing power. They’re also being highly selective, meaning sellers need to adjust their expectations. Homes that are well-presented and priced right are still selling—but those that miss the mark may sit on the market longer than expected.
If you're thinking of selling, now is a good time to act. The market is stable, and buyers are active, but success depends on smart pricing and strong presentation. Overpriced homes or listings without a price guide risk going stale and selling below their potential. Work with a local agent who knows the West Melton market and can recommend the right sale method for your property and timing—whether that’s auction, deadline, or fixed price.
We expect the market to remain steady through the rest of 2025. While some minor fluctuations may continue, significant drops are unlikely. Supply will remain strong due to ongoing listings and completed builds, keeping prices from rising too quickly. Affordability challenges will persist, but for decisive buyers, there are excellent opportunities—especially in suburbs like West Melton that have held value and appeal.
Looking ahead, 2026 may signal the beginning of the next growth phase. If interest rates continue to ease and inflation stays low, we may return to moderate price increases of 2–4% per year. Until then, the market offers space for smart, well-timed decisions.
West Melton remains one of Selwyn District’s most desirable areas. With its mix of space, quality homes, and community feel, it continues to attract interest even in a subdued market. If you’re considering buying, selling, or just want some tailored advice, I’d be happy to help.
Nationally, inflation has dropped from over 7% in 2022 to 2.5% in early 2025. While that’s good news, essentials like groceries, fuel, and utilities remain
Nathan Najib- West Melton Specialist
A little about Nathan Najib
Nathan is proud of the life he has created. Unsurprisingly to those that know him, he is living his desire to change the world of real estate from something it should never have been, to something that supports the community and helps others move forward.
Starting out in the real estate business at 19, by 23 Nathan was recognised as being one of the best in the industry, an up and coming force to be watched and emulated. However, he felt there was something fundamentally wrong with the industry and wanted to make a difference. Not many people are brave enough to say, “enough is enough” and then do something about it, but Nathan did just that. He decided to create and build his own vision.
A breath of fresh air in the industry, Najib Real Estate is founded on simplicity, transparency, and excellence, with three unbreakable rules forming the bedrock of this company:
• Do what is right and avoid what is wrong
• Do everything to the best of your abilities
• Show people you care
Nathan’s vision was to create the most people-focussed real estate company on earth. Often real estate is associated with low standards, but Najib Real Estate holds close the philosophy that “The interest of the client always comes first.”
Success at Najib Real Estate means treating people well, building long lasting relationships, and making the process as simple and transparent as possible. We go above and beyond, and provide an excellent experience that keeps clients coming back time and time again, and they are happy to recommend our agency to others they know.
Our promise is to continually strive to build a unique, contemporary, and innovative agency, that takes the best of both traditional methods and the latest innovative technologies and management systems.
West Melton Breakdown in the last 6 months
Residential Sales
October 2024 - March 2025
$1,472,500
Najib Median Selling Price
$1,210,000
16.5
Najib Days on the Market
69
Median Selling Price Median Days on the Market
29 Properties Changed Hands $1,750,000
Selling Price
7 Faith Place, West Melton
Sold by Nathan Najib for $1,235,000
January 2025
"Nathan and team did a great job of selling our property. The market was slow so they had to work very hard to bring in good interest. Communication was kept exceptionally clear and ongoing, which was great as we were out of town, so appreciated the regular communication."
Clark & Wendy (Vendors)
30 Rossington Drive, West Melton
Sold by Nathan Najib for $1,750,000
February 2025
"We have found Nathan and his team to be most professional, patient and willing to help in all aspects of the sale.
We would recommend to anyone to talk to them either selling or buying as the whole team is easy to work with"
Paul Goodwin (Purchaser)
3 3
9 Joshua Place, West Melton
Sold by Nathan Najib for $1,400,000
November 2024
"Nathan and his team made us feel included in all aspects of selling our home.
Within hours of us expressing interest in selling our home, we had an informative selection of documentation delivered to our door.
Nathan made a real effort to get to know us and our family which we really appreciated – it makes a big difference!
The WhatsApp group created was extremely helpful and kept us up to date with where each step of the process was at.
Their platform for updates after open homes was informative and provided us with potential buyer feedback and comments.
Selling your home can be stressful (and emotional at times) but Nathan and the team made it as seamless as possible.
Thank you to all the team at Najib Real Estate."
Deane & Clarinda (Vendors)
62 Rossington Drive
Sold by Nathan Najib for $1,195,000
December 2024
" There really aren't enough superlatives to describe our experience working with Nathan and his team! We have sold two properties with Najib and could not be happier with either outcome. From start to finish, the entire team has been thorough and professional.
Communication through the process was always frequent, open and honest — so we always knew where we were and what to expect next. Nathan once said to me, I don't want to be your real estate agent for this sale, I want to be your agent for life — kind of giggled initially, but he is, indeed, our agent for life!"
Russell and Elaine (Vendors)
Top 10 Residential Sales in West Melton
West Melton Monthly Median House Sale Price
West Melton Number of Houses Sold Monthly
Lifestyle Property Sales in West Melton
West Melton House Sales
West Melton 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.
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 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, our agents know the importance of specialising in an area when it comes to selling real estate. Nathan Najib has been specialising in West Melton for the past 8 years, in 2023, 2024 and 2025 we were recognised as West Melton Agency of the Year.
This is a huge privilege for us as we know that these awards celebrate the top-performing agencies, with reviews provided solely from the consumers.
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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Specialising in West Melton
m 027 514 0775
@ nathan@najibre.co.nz
116 Peterborough Street
Christchurch Central 8013
najibrealestate.co.nz
Nathan Najib