All About Crace, Unincorporated ACT, ACT, 2911

Crace, located in the Unincorporated ACT, is often regarded as one of the more affluent and family-friendly neighborhoods in the Canberra region. The housing market in Crace has seen consistent growth over recent years, largely due to its appealing mix of modern amenities, well-designed urban planning, and its proximity to the amenities of Canberra. Homes in Crace largely consist of contemporary, energy-efficient residences that are attractive to young professionals and established families alike. With a robust demand for properties, this suburb has maintained a steady rise in property values, making it not only a desirable place to live but also a solid investment opportunity. The community's emphasis on sustainability is evident in its housing designs, with many homes featuring solar panels and rainwater collection systems as standard features.

Living in Crace offers residents an exceptional balance of tranquility and convenience. The suburb is famed for its generous green spaces, including the well-maintained Crace Hilltop Reserve, which provides panoramic views of the surrounding landscape and is a popular spot for picnics and outdoor activities. The local Crace Shopping Centre caters to most daily needs and includes a supermarket, café, gym, and other essential services, fostering a strong local community spirit. Residents enjoy easy access to Canberra’s city center, thanks to well-connected public transport options and major arterial roads nearby, making commuting straightforward. Furthermore, community events and facilities, such as the Crace Community Garden and regular markets, contribute to a vibrant and inclusive neighborhood atmosphere, making Crace an increasingly sought-after place to live in the region.

Crace Real Estate Market Outlook

Thinking about buying in Crace? Now could not be a better time, with 2187 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $951,000 with prices in this suburb ranging from $64,000 to $6,221,000. The aproximate distance to the coast is 111 Km.

Consistent high demand relative to supply is a key feature in Crace driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Crace ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Crace classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Crace requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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