The suburb is under construction, with more than half of the houses completed as of July 2012. Road construction commenced in July 2008. The construction of 21 display homes was completed in May 2009. The ACT government has selected developers for the area as Defence Housing Australia and CanberraInvestment Corporation. Expectations are that there will be 1200 houses built over the next six years. The developers are expected to make $60,000,000 but have to share half that with the government. Some very small blocks will be released for low cost housing with 85% released for high cost housing. Eventually the suburb will have 1500 houses on 140 hectares.
Streets
As part of the recent development a new series of streets have been created following a Burley-Griffen grid pattern. Phase 1 Streets:
Abena Avenue
Arcadia Street
Baratta Street
Benalla Street
Carrawa Street
Chance Street
Cocoparra Crescent
Digby Circuit
Dobikin Street
Durong Street
Errol Street
Fairfield Street
Galore Street
Harrow Street
Hillcrest Street
Junee Street
Keewong Crescent
Langtree Crescent
Medhurst Crescent
Narden Street
Narden Street
Parilia Street
Quain Street
Rylstone Crescent
Stowport Avenue
Taplow Street
Ultimo Street
Vandyke Street
Wadeye Street
Yinnar Street
Zanci Street
Fingal Street
Existing facilities
The suburb also encompasses Gungahlin Hill, which hosts the transmission facilities for the following radio stations:
Crace Grasslands Nature Reserve and Crace Hill are not completely located in Crace despite the name; their southern parts are located in the adjacent suburb of Lyneham. It also has a CSIRO Sustainable Ecosystems area.
Geology
On the North west side of Crace the rock is middle Silurian age Canberra Formation slaty shale and mudstone. In the mid west is siltstone. Towards Gungahlin Hill there is some sandstone at the base of the siltstone deposit, then over an unconformity to lower Silurian age State Circle Shale, and then mudstone. On Gungahlin Hill the rocks are from the Ordovician age Pittman Formation with greywacke and bands of the Acton Shale Member. The east side of Crace also has Silurian Canberra Formation with the top of Crace Hill having vesicularDacite overlying mudstone. Crace Hill has been designated as a geological monument. The Gungahlin Fault curves around the south east side of Gungahlin Hill, and heads north north east out of Crace. The Winslade Fault comes into the south of Crace over the top of Gungahlin Hill and curves north into Palmerston.
