Suburb Profile Report for Crace ACT (2911)

Crace House: Median price $815,000, Annual capital growth 27.74%, Number of sales 45, Weekly median advertised rent $600

Crace Unit: Median price $380,000, Annual capital growth -6.01%, Number of sales 21, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Apr 2019 as supplied by CoreLogic. Data is reported to the period ending Jan 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

At number 3057th in the list of Australian suburbs ordered by increase in median house value over the last year, Crace, 2911 is in the BOTTOM 40% with a property value increase of -2.56% recorded in median house prices.

Crace,2911 has offered an average of -2.56% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -2.85% to buyers in Crace at the moment, which is less than average for the rest of ACT.

Renters in Suburb are facing rents around $31200 per annum or $600 every week.

Giving property investors a a poor capital gain of -8.92% for the last year, Crace, 2911 is the 1361th highest performer in Australia in this respect.

While Crace,2911 ranked number 58th in ACT for increase in median house value (annualised) increase, it is ranked 33th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Crace is offering property investors an average of -3.82. This rate of discount on properties puts Suburb at number 22th in terms of most discounted suburbs in ACT

At number 658 in a list of fastest selling suburbs, Crace is just in the top half of suburbs in Australia with an average of days on market 64.36 for properties listed there.

Metrics i HOUSE UNIT
$815,000 $380,000
13.59% -1.94%
7.73% -7.65%
27.74% -6.01%
$600 $420
45 21
3.83% 5.75%
49.5625 67.31579

Source: Monthly data update for Apr 2019 as supplied by CoreLogic. Data is reported to the period ending Jan 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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