Crace is a designated suburb of Canberra in the district of Gungahlin. It was named after Edward Kendall Crace, an original settler in the Gungahlin area. Streets in Crace will be named after parishes and land divisions from colonial times.  It is bounded by the Barton Highway, Gungahlin Drive and Nudurr Drive. Located in the suburb is the Canberra Nature Park of Gungaderra Grasslands nature reserve.

The suburb is planned. Road construction commenced in July 2008. The construction of 21 display homes commenced as of October 2008. The ACT government has selected developers for the area as Defence Housing Australia and Canberra Investment 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 release for low cost housing, with 85% released for high cost housing.  Eventually the suburb will have 1500 houses on 140 hectares.

The suburb also encompasses Gungahlin Hill, which hosts the transmission facilities for the many popular radio stations, including ABC Radio National, 666 ABC Canberra, 1RPHMix, 106.3FM and 104.7FM.

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