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48 ERROL STREET, CRACE, ACT, 2911

This property is Off Market


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  • Average property sold price $895,106

    Not happy with the price? Set your own

  • Internet speed Download 100 Mbps / Upload 40 Mbps
  • Distance to the coast 112.62 km
  • Potential bushfire risk 0 / 10
  • Report as to subsidence
  • Land Contamination risk is

About Crace

With an average age of 30, households expect an average monthly mortgage payment of $2,800 or a weekly rent payment of $280. The average family earns a weekly income of $2,928 with a typical household size of 3.3 and a 98.01% employment rate.

Consistent high demand relative to supply is a key feature in Crace driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Crace ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Crace classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Crace requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Population

(Country of Birth not stated 3%)

Are people healthy?

There are a recorded 416 asthma sufferers and 123 people living with diabetes. In addition, 125 people have a heart/vascular condition and 169 people live with three or more chronic diseases.

A good place to invest in property?

Crace a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.

Investability - Housing Demand

Australian Capital Territory State average 56 / 100

Income

86 / 100

56 / 100

Industry

46 / 100

28 / 100

Population

42 / 100

26 / 100

House Prices

91 / 100

72 / 100

Jobs

61 / 100

32 / 100


Local Crime Rates

Incidents Trend State Average


Local Schools

  • Holy Spirit Primary School

    Nicholls, ACT, 2913 Independent K-6

  • St Michael's Primary School

    Kaleen, ACT, 2617 Independent K-6

  • Giralang Primary School

    Giralang, ACT, 2617 Independent K-6

  • St John Paul II College

    Nicholls, ACT, 2913 Independent 7-12

  • University of Canberra High School Kaleen

    Kaleen, ACT, 2617 Independent 7-10

  • Evatt Primary School

    Evatt, ACT, 2617 Independent K-6

  • Palmerston District Primary School

    Palmerston, ACT, 2913 Independent K-6

  • Gold Creek School

    Nicholls, ACT, 2913 Independent K-10

  • Burgmann Anglican School

    Gungahlin, ACT, 2912 Independent K-12

  • Gungahlin College

    Gungahlin, ACT, 2912 Independent 10-12


Local Developments

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  • 134 Acme Avenue Street, Town, State

    Description - Details the application. Type and other information pertaining to the development application and more...

    Authority Reference: UX0909823-GOV Website

Hey! I’m Kate.

Are you interested Off Market Properties? Residz can match you with Off Market Sellers and keep you up to date on the places most likely to list.

The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.


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