Crace is a smaller suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2911). With a population of 4,800, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $146K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Chinese.
The median house price in Crace is $1.1 million, having surged 26.5% over the past year. Units have a median price of $410,000 (-12.3% YoY). The median weekly rent is $460 (Census 2021). This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,400.
Public transport access includes 11 bus stops. The crime rate in the Unincorporated ACT LGA is low at 1,917 incidents per 100,000 population.
From an investment perspective, Crace offers a gross rental yield of 2.2%, rated as low yield. Property prices are near the state median ($1.1M/$1.0M). The price-to-income ratio of 7.4x is considered moderate. House prices have moved +26.5% year-on-year.
Crace is a smaller suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2911). With a population of 4,800, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $146K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Chinese.
The median house price in Crace is $1.1 million, having surged 26.5% over the past year. Units have a median price of $410,000 (-12.3% YoY). The median weekly rent is $460 (Census 2021). This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,400.
Public transport access includes 11 bus stops. The crime rate in the Unincorporated ACT LGA is low at 1,917 incidents per 100,000 population.
From an investment perspective, Crace offers a gross rental yield of 2.2%, rated as low yield. Property prices are near the state median ($1.1M/$1.0M). The price-to-income ratio of 7.4x is considered moderate. House prices have moved +26.5% year-on-year.