New Anti-Money Laundering Laws: What Northern Beaches Buyers & Sellers Need to Know

Across Australia, property transactions are becoming more transparent, and from 1 July 2026, new Anti-Money Laundering (AML) laws will come into effect. These reforms will bring real estate into line with national financial integrity standards and are designed to make property dealings safer and more trustworthy.

For most people, the changes will feel similar to the identification checks you already complete with your bank. The aim is simple: ensure property transactions are genuine, secure and free from financial crime — especially as large sums of money move through the system.

What this means if you’re buying

As a buyer, you may be asked to provide:

• Verified photo ID

• Confirmation of where your funds are coming from

• Basic information related to the transaction

Nothing intrusive — just the same checks you would normally complete when applying for finance. When these details are supplied early, they should not slow the process or affect your ability to act quickly when the right home appears.

What this means if you’re selling

Sellers will also have a small role to play. You may be asked to:

• Confirm your identity

• Provide documentation relating to ownership

• Supply simple information about settlement proceeds

Again, this is standard compliance, not an indication that anything is wrong. It simply keeps the property market operating with transparency and fairness.

A smoother, safer process for everyone

When the paperwork is organised upfront, these checks shouldn’t delay a purchase or sale. In many ways, the new legislation formalises what good agents and conveyancers already do — verify who is involved and ensure funds are legitimate.

Overall, these upcoming reforms are designed to protect buyers, sellers and the broader community by supporting a property market that remains stable, trusted and secure.

If you have questions about how the changes may affect your next move on the Northern Beaches, I’m here to help guide you through it.  If you’d like expert help to cut through the noise, preview properties for you, and negotiate the right deal, let’s have a chat. Book a free call with me here and I’ll help you take the next step toward your new home without the stress. – Marika