If you’re planning to buy or sell property in the coming months, you may start hearing more about AML requirements.

From 1 July 2026, new Anti-Money Laundering (AML) laws apply to real estate transactions across Australia. While the legislation is new for the property industry, the goal is simple – creating greater transparency and helping protect the integrity of the Australian property market.

For buyers and sellers, it means there may be a few additional steps involved in the process.

The good news? Most of these requirements are straightforward, and we’ll be here to guide you through them every step of the way.

What Are the AML Changes?

The Australian Government is expanding Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws to include real estate professionals.

This means real estate agencies will be required to verify client identities, assess certain transaction risks, and meet new compliance obligations designed to help prevent illegal funds from moving through property transactions.

Australia is aligning with international standards already adopted in many countries around the world, helping strengthen the integrity and transparency of the property market.

Why Are We Talking About This?

We believe it’s important that our clients understand what changes are coming before they begin their property journey.

Whether you’re thinking about selling, purchasing your next home, or simply keeping an eye on the market, being aware of these changes can help avoid surprises and make the process smoother when the time comes.

What Information Might Be Required?

Depending on your situation, you may need to provide:

• Identification (passport or driver’s licence)

• Proof of address

• Company or trust or SMSF documentation (where applicable)

• Information relating to ownership structures

• Details regarding the source of funds for certain transactions

These checks are not targeted at specific individuals. They are designed to be applied consistently across all clients and transactions.

Will This Delay My Sale or Purchase?

In most cases, no.

Many of the required checks can be completed quickly, particularly when documentation is provided early in the process.

Delays are more likely to occur when information is incomplete, additional clarification is required, or documentation has not been prepared in advance.

The best approach is simply to be aware of the requirements and provide any requested information promptly.

How Provincial Real Estate Has Prepared

Like many businesses across the industry, Provincial Real Estate is implementing new systems and processes to ensure we can meet our obligations while keeping the experience as simple as possible for our clients.

That means:

• Clear communication from the outset

• Guidance on exactly what documentation may be required

• Secure handling of your personal information

• Support if you’re purchasing or selling through a trust, company or SMSF

• A streamlined process designed to minimise delays

Our goal is to make compliance feel like a natural part of the transaction rather than an obstacle.

What Can You Expect From Your Real Estate Agent?

As these new requirements come into effect, your real estate agent will play an important role in helping you navigate the process.

At Provincial Real Estate, you can expect:

• Clear explanations about what is required and why

• Support throughout the verification process

• Timely communication if additional information is needed

• Professional guidance from start to finish

We understand that buying and selling property can feel overwhelming at times. Our role is to help simplify the process and ensure you feel informed every step of the way.

What This Means for You

While there are new requirements, the fundamentals of buying and selling property haven’t changed.

You’ll still need trusted advice, local market knowledge and an experienced team to guide you through the process.

The difference is that there may be a few additional checks along the way.

By understanding these changes early and working with an experienced agent, you’ll be well prepared when the time comes to buy or sell.

If you have questions about the new AML requirements or would like to discuss your future property plans, the Provincial Real Estate team is always happy to help.

Real Estate Should Feel Clearer, Not More Complicated

At Provincial Real Estate, we believe informed buyers and sellers make better decisions.

Feel free to contact one of our team members to discuss your property goals or ask questions about the buying and selling process.

📲 (08) 9293 2200

💻 https://www.provincialrealestate.com.au/

We’re ready to empower you to enjoy the journey. 🍃

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You might not have met us all yet… At Provincial Real Estate, we’re more than just agents – we’re a diverse and passionate team of locals who live, work, and breathe the Perth Hills.

With years of combined experience, we’re here to guide and support you through every step of your property journey – whether you’re buying, selling, or just exploring your next move.

🌿 Real people. Real results. Right here in the Hills.

Want to get to know us a little better. Head to the team page right here on our website: https://www.provincialrealestate.com.au/our-team/

Thinking About Your Next Step?

If selling is on your radar, whether soon or sometime down the track, we’re always happy to have a conversation.

A property appraisal can give you a clear understanding of where your home sits in the current market, along with practical guidance on how to prepare in a way that suits your timeline.

Pop through and book a no obligation market appraisal with one of our valued team members to see where you stand today.