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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.
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Rob Thomas 7:07 pm 22 May 10

The whole ‘changes everything’ freaks me out – just a tad extreme for a planned community.

I dreamed this up while wandering around it:

SheepGroper 10:36 pm 30 Mar 09

A work mate was going to go for a block, but pulled out this week due to a problem with the contracts. He said there was no “sunset clause”, which is like a build by date.

Because of that, the lender that was going to finance his deposit pulled out. This affected enough people to prompt the people running the release to reduce the %deposit required to just 5%, which halves the funds available for the initial building work, which was also a concern for my workmate.

Hopefully the whole thing will turn out ok, people are going to start queuing towards the end of this week for a chance to own the block they want.

Holden Caulfield 12:08 pm 19 Mar 09

Growling Ferret said :

Crace is a good location if you can avoid the highway road noise.

Absolutely it could be quite a good place to live. Close to Gungahlin Town Centre, not all that far from Belconnen or Civic and very easy access to Sydney and Melbourne. If I wanted to buy a new home I’d be looking there for sure.

The Weston-Creek-is-the-centre-of-Canberra snobs need not apply, haha.

p1 10:19 am 19 Mar 09

It disturbs me greatly that people want to by massive houses on tiny blocks.

I just bought a house on a 1200m^2 block. Plenty of room for trees and not too much more then 300k.

lava 9:39 am 19 Mar 09

They are selling Crace on the premise that it’s so much closer to the city – so much closer than where?

Considering it’ll take two hours to get out of the roundabout at the entrance to the suburb (which already takes an hour to get through without the suburb even in existence yet), I think they must mean it’s closer than Yass. Or Sydney.

ant 9:18 am 19 Mar 09

They build these large houses, no trees or decent gardens, they depend on air conditioners to keep them habitable, how can this be excusable?

On my rare forays near Gunghalin, it seems like some kind of hell. Is this what people really like?

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