New Identity Checks Are Coming to Property Transactions.
Here's What You Need to Know.
If you're planning to buy or sell property in the coming months, you may notice a few changes to the process.
From 1 July 2026, new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws will apply to Australia's real estate industry. While the name sounds complex, the practical impact for most buyers and sellers is relatively straightforward.
In short, real estate agencies, lawyers and conveyancers will be required to carry out additional identity checks and gather more information about certain transactions.
The goal is to prevent criminals from using Australian property to hide or move illegally obtained money, while helping to protect the integrity of the property market.
What Will Change?
For most people, the biggest difference will be that you may be asked to provide identification and supporting information earlier in the transaction process.
Depending on the circumstances, this could include:
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Photo identification such as a driver's licence or passport
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Verification of your residential address
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Information about trusts, companies or other entities involved in a transaction
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Details about the source of funds being used to purchase a property
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Confirmation of who ultimately controls or benefits from a company or trust structure
Many Australians are already familiar with similar requirements when opening a bank account, applying for finance or establishing a self-managed super fund. The real estate industry will now be adopting comparable verification processes.
Will It Affect Every Buyer and Seller?
The short answer is yes, although not every transaction will require the same level of information.
Most everyday buyers and sellers can expect a simple identification process. However, transactions involving companies, trusts, overseas interests or more complex ownership structures may require additional documentation.
For the vast majority of genuine buyers and sellers, these checks should be straightforward and will become a normal part of the property process.
Why Are These Changes Being Introduced?
Australia has been working to strengthen its anti-money laundering framework and bring it into line with many other developed countries.
Property transactions can involve large sums of money, making real estate an attractive target for criminal activity. The new laws are designed to help identify suspicious behaviour and ensure greater transparency across the industry.
While the reforms introduce additional compliance requirements, they are ultimately intended to protect consumers and strengthen confidence in the property market.
How Can You Prepare?
If you're considering buying or selling property, the best preparation is simply to have your identification documents readily available and be prepared to answer questions about the parties involved in the transaction.
If purchasing through a company or trust, it may also be helpful to ensure your records are up to date and easily accessible.
Providing requested information promptly can help avoid unnecessary delays and keep your transaction moving smoothly.
How Explore Property Can Help
Whenever regulations change, it's natural for people to have questions about what it means for them.
At Explore Property, we're committed to making the process as straightforward and stress-free as possible. Our team is actively preparing for the introduction of these new requirements and will guide buyers and sellers through every step of the process.
We'll explain what information is needed, why it's required and how it will be handled, ensuring you remain informed and confident throughout your property journey.
If you're planning to buy, sell or simply want to understand how these changes may affect you, our team is always available to help.
The rules may be changing, but our focus remains the same: providing clear advice, professional guidance and a smooth property experience from start to finish.