Towns Conveyancing Services

Enjoy the long weekend. Our office will be closed for the King's Birthday long weekend 8th June. See you all on Tuesday!

The latest Budget brought in some big shifts for the property market — and a few of them directly affect anyone buying, selling, or investing.

Here’s what actually matters:

1️⃣ Negative gearing is changing
From 12 May 2026, negative gearing will only apply to new properties — not established homes.
This means investors will start shifting toward new builds, off‑the‑plan, and house‑and‑land packages.

2️⃣ Capital Gains Tax is being overhauled
From 1 July 2027, the 50% CGT discount is being replaced with an inflation‑based system.
Translation: timing and structure matter more than ever.

3️⃣ More funding for housing supply
Billions are being pushed into new developments, planning reform, and construction quality.
Expect more new estates, more off‑the‑plan contracts, and more complex paperwork.

4️⃣ Local planning changes are speeding up approvals
NSW is investing heavily in faster DA processing and better building oversight — great news for buyers, but it also means more contracts tied to new developments.

🧭 What this means for you
Whether you’re buying your first home, selling, or investing, these changes affect:
• contract conditions
• settlement timelines
• tax implications
• the type of property that makes financial sense
• the level of due diligence needed

This is one of those moments where having the right guidance genuinely protects you.

✅ If you want clarity, not confusion…
Towns Conveyancing can walk you through how these Budget changes affect your next move — in simple, practical terms.

Send us a message and let’s make sure your decisions are informed, safe, and future‑proof.

From 1 July, the Australian Government is introducing new rules through AUSTRAC to strengthen the country’s protection against financial crime. These changes apply to many professional services, including ours and they require us to complete stronger identity verification for all clients.

What this means for you:

- We’ll need to confirm your identity more thoroughly than before

- We may ask for additional documents or updated information

- Some processes may take a little longer, especially for new clients or certain transactions

These steps aren’t about making things harder. They’re about keeping everyone safer. The new rules are designed to stop money laundering, fraud, and other financial crimes and businesses like ours are now required to follow the same standards that banks already use.

By completing these checks, you’re helping us meet our legal obligations and ensuring we can continue providing services to you without interruption.

We appreciate your understanding and cooperation as these new national requirements come into effect.

✨ Let’s Talk Working Capital!

Buying a home is exciting — but it also comes with a few moving parts. One of the big ones is working capital: the funds you need on hand to keep your property journey flowing without stress.

Think of it as your “smooth sailing” money. From deposits to adjustments, having the right amount ready means fewer surprises and a much calmer settlement day.

At Towns Conveyancing Services, we make sure you know what to expect and how to prepare. Your peace of mind is our priority.

🏡 Ready to take the next step? Let’s chat - 4731 2483.

Buying a home is exciting, but it’s important to look past first impressions. What appears perfect during an inspection can reveal issues once you take a closer look.

Thorough due diligence before the contract becomes binding protects you from unexpected problems later on. At Towns Conveyancing Services, we’re here to help you make informed decisions so you can move forward with confidence.

Your home should bring peace of mind — not legal complications. Getting advice early keeps everything smooth and secure. Call our team on 4731 2483.

Before you sign a contract to sell, it’s important to understand the tax implications that may apply, especially if the property isn’t your primary residence. Capital gains tax, depreciation adjustments, and main‑residence exemptions can all influence your final position.

Getting clarity early helps you plan ahead and avoid unexpected outcomes at settlement. At Towns Conveyancing Services, we encourage sellers to seek the right advice so every step of the process is well‑informed.

If you’re preparing to sell in the Penrith area, reach out to our team for guidance before you list. Getting advice early keeps everything smooth and secure. Call our team on 4731 2483.

Before listing your home, it’s worth considering what a buyer’s building and pest inspection may uncover. Older homes across the Penrith area often show signs of wear that can raise questions during negotiations.

Taking simple steps now, like checking for minor defects, ensuring smoke alarms are compliant, or addressing moisture concerns, can help prevent last‑minute price reductions and keep your sale moving smoothly.

Thoughtful preparation today protects your position tomorrow. If you're selling, call us on 4731 2483.

Thank you for your kind words Cheryl!

Happy Mother’s Day to all the mums, step‑mums, grandmothers and mother figures who make home feel like home.

Selling your home in the Penrith area is a major decision, and the right preparation can make all the difference. From contract reviews to ensuring your disclosure obligations are met, our team at Towns Conveyancing Services is here to guide you through every step with clarity and care.

A smooth sale starts with the right support. If you’re planning to list your property in Penrith, we’re ready to help you move forward with confidence. Call our team today on 4731 2483.