Lake Grace is located in the Eastern Wheatbelt region of Western Australia, 345kms from Perth. It is located half way between Perth and Esperance.
A range of light industrial lots are now available for purchase in Lake Grace. These fully-serviced lots are located close to amenities and provide a great opportunity to operate a business in this thriving community.
These lots are available through the State Government's Regional Development Assistance Program (RDAP) which aims to support the revitalisation and growth of regional towns.
The size of Lake Grace is approximately 96.2 square kilometres. There are 5 parks, covering nearly 1.1% of the total area. The population of Lake Grace in 2016 was 548 people. By 2021 the population was 523 showing a population decline of 4.6% in the area during that time. The predominant age group in Lake Grace is 0-9 years. Households in Lake Grace are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lake Grace work in a managers occupation.In 2021, 63.20% of the homes in Lake Grace were owner-occupied compared with 61.10% in 2016.
Lake Grace has 468 properties. Over the last 5 years, Houses in Lake Grace have seen a 170.69% increase in median value, while Units have seen a 9.88% increase. As at 30 June 2026:
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