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Home loans made clear

Crace is going live in May 09.

By johnboy - 9 September 2008 46

Mr Stanhope has announced that the charmlessly named “Crace” is going to start going under the hammer any day now.

Eventually 1,430 blocks will be taken up but the first release will be 160 blocks ranging from 450 to 760 square meters will be available.

Real estate speculators rejoice, 15% of them will go for under $300,000 as part of the “Affordable Housing Action Plan”.

This might all sound rather immediate, but the last para, as is so often the case, tells the real story.

    “The Crace Demonstration Village and sales information office are due to be opened in May 2009 along with the first stage sales release.

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46 Responses to
Crace is going live in May 09.
Thumper 3:14 pm 09 Sep 08

450m2 is tiny. In fact, less than half of my block.

sepi 3:10 pm 09 Sep 08

I had a quite good yard size on a 550 block in the inner north.

But the house was small, and close to the front of the block, and it was a duplex, so no land wasted on one side. Also no garage so minimal land wasted for driveway etc. And the house was small, so nothing like gungahlin real estate.

But perhaps they should consider duplexes. Better to be connected on one side and have decent gap between properties on the other than to have a scant metre on either side and be looking into everyone else’s loungeroom windows.

tylersmayhem 3:02 pm 09 Sep 08

Hang on, let me get this right…$300K for a 450 square meter block = affordable. Just when I though housing prices in Canberra couldn’t get any more ridiculous!

Granny 2:52 pm 09 Sep 08

I’m pretty sure our block is smaller than that, and it is the largest on our street.

Loquaciousness 2:48 pm 09 Sep 08

Jazz said :

450 m2. that seems like a very small block to me. Can you even fit a house on that and still get inside the building envelope?

Nope. All access to the properties will be through the neighbouring windows.

Just make sure you pick neighbours who won’t ask you to wash up on the way through … 😛


Jazz 2:37 pm 09 Sep 08

450 m2. that seems like a very small block to me. Can you even fit a house on that and still get inside the building envelope?

Granny 2:19 pm 09 Sep 08

I want to live in Wookie.

: )

Aurelius 2:10 pm 09 Sep 08

After suburbs named Harrison & Forde, I was expecting maybe one of the new ones might be “Indiana” or “Solo”

cmdwedge 2:07 pm 09 Sep 08

What a crass name for a suburb.

Granny 1:44 pm 09 Sep 08

Cood cracious!!


Crace is the new Offal.

Aurelius 1:34 pm 09 Sep 08

Hingo, you’ve got a good point there – the Crace exchange in Mitchell is massively overloaded. It was originally designed for Mitchell, and now struggles with all of Gungahlin. But Telstra refused to upgrade the exchange because why spend money on infrastructure when you need to inflate your bottom line for share floats?
The Watson development area suffers the same problems – too far from the exchange (Civic) to get any decent broadband connection.

H1NG0 1:17 pm 09 Sep 08

The dis-crace-ful telephone exchange that keeps me from getting broadband. Yes, thats right Mr Standope.

Whatsup 1:00 pm 09 Sep 08

I cracefully smirk at your post.

caf 12:52 pm 09 Sep 08

You’re a dis-crace.

Overheard 12:20 pm 09 Sep 08

I’m opening a book on when any of our local publications trot out a ‘Crace under fire’ or ‘Crace under pressure’ headline, possibly on the flimsiest of pretences. ‘Amazing Crace’. Or if there’s a waterway therein, ‘By the Crace of Cod’.

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