ACT Crace

[SimonJai]

Hey guys,

Just signed up, been reading through the forum and it's been really informative.

I know Crace has started developing in the last 5 years or so, wondering if anyone has invested there and if so what the market is like?

 

[cimbom]

I haven't purchased in Crace but I would personally avoid it. Poor value for money IMO.

 

[VYBerlinaV8]

I haven't purchased in Crace but I would personally avoid it. Poor value for money IMO.

+1. Avoid it.

 

[SimonJai]

Is there nothing there? Shopping? Uni?

 

[Viksay]

Best to avoid Crace i hear.

 

[Jamie M]

I'm not a big fan of Crace either. The new suburbs have pokey blocks and overpriced properties.

I've had one client who I think has done reasonably well with a land and construction deal - they bought the land and appointed their own builder.

But apart from that, I don't see much value in buying there. You could spend the same money in a more established suburb closer to the CBD. The house will be older - but the block will be larger and the scope for capital growth will be higher.

Cheers

Jamie