Buying or selling a home should feel exciting — not confusing. At Emily Green Property, we’re all about making your property journey clear, supported and rewarding. With new anti-money laundering (AML) and counter-terrorism financing (CTF) rules coming into effect from 1 July 2026, there are a few new steps you may notice when you’re buying or selling property in Australia.
These changes aren’t about slowing things down — they’re about helping protect genuine buyers and sellers like you, and ensuring that property remains a safe, trusted investment and life-changing decision.
When the Changes Start
From 1 July 2026, real estate professionals — including agents and buyer’s agents — will begin operating under updated AML/CTF laws. That means when you buy or sell through a property professional, there will be some extra verification steps in place.
What You Might Notice as a Buyer
When you’re purchasing a property:
- You’ll be asked to verify your identity: This might include presenting photo ID like a driver licence or passport so your agent can confirm who you are.
- Your agent may ask about your source of funds: Especially if the transaction is higher risk, agents will need to understand where funds are coming from to meet their legal obligations.
- You’ll be treated with respect and clarity: We’ll always explain why we ask for information and how it helps protect you and the broader market.
These checks are similar to what you’d expect at a bank or when opening a new account — they’re simply part of keeping the property market secure.
What Vendors Can Expect
If you’re selling:
- You’ll also verify your identity: Just like a buyer, sellers will provide basic ID so your agent can correctly record the details of the transaction.
- We’ll help make sense of it all: Changes to process don’t mean changes to support — we’re here to guide you every step of the way.
- No surprises: All compliance steps will be explained in plain language and tailored to your situation, not thrown at you as legal jargon.
Why These Extra Steps Matter
These AML/CTF changes are designed to keep your property safe from misuse — particularly from activities like money laundering or financial crime that can distort values or impact local communities. They’re being introduced as part of a modernisation of Australia’s laws to better protect everyday buyers and sellers.
In essence:
- Your identity is protected
- You’re part of a more transparent process
- Your financial safety is taken seriously
How Emily Green Property Supports You
At Emily Green Property, we believe:
- Your property experience should be simple and stress-free — no matter how the rules change.
- Communication should be personal, not robotic — we’ll always talk you through what’s required and why.
- You deserve confident decisions — with clarity on forms, timelines and next steps from start to settlement.
Our team has decades of combined real estate experience in Hobart and surrounds — and we’re here to help you feel confident and comfortable throughout the entire property process.
Final Thought
These AML/CTF changes aren’t here to complicate your property goals — they’re here to protect them.
Whether you’re buying your first home, selling a family property, or investing in your future, we’ll walk you through anything that’s new or unfamiliar. If you have questions about how these changes affect you, we’re always just a phone call or email away.
