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

Crace has 30 active real estate agents working in the area, they have sold a total of 98 properties in the last 12 months.