Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Gracetown are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in Gracetown leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Gracetown necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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.
None within suburb boundary(While the above schools are located with the suburb of Gracetown there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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