15/06/2026
BUYING OR SELLING PROPERTY AFTER 1 JULY?
One of the biggest changes to real estate in years is about to commence.
From 1 July, new Anti-Money Laundering (AML) requirements will apply to many property transactions across Australia.
For buyers and sellers, this means identity verification will become a required part of the sales process.
In much the same way banks and financial institutions verify their customers, real estate businesses will now have additional obligations to verify the identity of parties involved in property transactions.
For most people, the process should be straightforward, but buyers and sellers will be required to provide identification documents that were not previously required during the sale process.
If you're planning to buy or sell property in the coming months, it's worth being aware that these changes are coming.
Have you heard about the new AML requirements?