With an abundance of green space, a limited number of homes, and housing stock to suit all types of buyers, Crace has proven itself as a hotly contested suburb of Canberra.
MARQ Licensed Agent Sam Taylor, a Crace real estate expert, said Crace was a small, but mighty suburb with just 1800 dwellings, well-established amenities and great appeal for families and professionals.
“Crace is a master planned community so everything has been created with foresight and vision,” Sam said.
“There’s really nice infrastructure in and around the suburb, and because it’s a master planned community, there’s more green open space, parks, playgrounds, reserves than you might have in other neighbourhoods.”
Located 12km north of the Canberra city centre and with easy connectivity to Belconnen, Crace sits comfortably in Gungahlin, one of Canberra’s fastest growing and well serviced regions, and is home to around 4800 residents.
Established in 2010, Crace’s name is derived from Edward Crace, a pioneering pastoralist in Gungahlin who lays claim to installing the first private telephone in the district at Gungahlin Homestead.
“It’s actually relatively small so there’s only about 1800 homes in the suburb, which is almost half of where most other suburbs in Gungahlin are in terms of the number of properties. Usually, most others are around 3000.”
“Geographically, it’s a fantastic spot. It’s the closest you can get to the inner north in Gungahlin. It’s the closest suburb to not only the Gungahlin town centre, but also Belconnen and the city, and it’s definitely at the top when you look at suburbs in the greater Gungahlin region.”
As well as Crace Central shopping centre, there is the local pub, The District, a range of medical services and Coffee Guru for a caffeine fix.
Those who love the great outdoors are inspired by the plethora of nature reserves within the suburb, while the Crace Community Recreation Park is well loved by big and little kids alike, with a playground, sport and recreation facilities and fitness equipment. There is also netball, basketball and tennis courts and pitches for soccer and cricket.
Sam said the suburb offered a range of mixed use property, including separately titled terraces, houses and apartments.
“Crace caters to everyone for anything from a one bedroom apartment to a $2 million house,” he said.
“Generally, a three bedroom house will start from $900,000 and a single-level four bedroom house is around $1.2 million.
“The beauty is that most homes are less than 10 years old in Crace and there’s a fair few streets that are elevated or facing a nature reserve, top tier streets with bigger blocks and houses that are 300sqm-plus.”
PropTrack data shows houses in Crace have enjoyed significant price growth in the past year, with values jumping by 32.2%. The median house price in Crace is now $1.15 million, while units are sitting at a median of $416,750.
The record house price in Crace is $2.825 million, for the sale of the three-level luxury home at 101 Langtree Crescent in 2022.