It’s been a significant week of sales for the White House team, with contracts on 11 properties successfully negotiated and 6 new listings launched to market. We’ve also seen a number of properties priced and closing dates for offers introduced, clear signs that owners are motivated to meet the market and create momentum (See What’s New Below).
Alongside appraisal research, listing appointments, buyer appointments and negotiations, our sales team is always focused on staying at the forefront of industry training, ensuring we are well equipped to provide informed advice and best practice levels of service to our clients.
Earlier this week, the White House sales team undertook training on the next phase of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) reforms, coming into effect from 1 July 2026.
Often referred to as “Tranche 2,” these changes will extend existing regulations beyond banks to include industries such as real estate, accounting and legal services. The intention is to strengthen transparency and reduce the risk of financial crime within property transactions.
As part of these changes, from 1 July 2026, all real estate agents will be required to carry out Customer Due Diligence (CDD) for both buyers and sellers.
In practical terms, for sellers, this means that at the beginning of the sales process, we will be required to verify your identity and confirm ownership structures, such as trusts or companies, before progressing to market.
For buyers, this will form part of the offer process. When submitting an offer, you may be asked to provide identification and, in some cases, information relating to your source of funds.
As REIWA President Suzanne Brown recently shared, this represents a significant shift for the industry.
At White House, we understand this is an additional layer to the process. Our focus is on ensuring it is managed clearly and efficiently, so that your buying and selling experience remains as seamless as possible.
At this stage, there is nothing you need to do. We simply want to ensure our clients are informed ahead of these changes. From 1 July, you may notice more structured processes and requests for information as these requirements come into effect.
If you have any questions in relation to the new AML/CTF requirements, please reach out. We’re always here to help.
If you’re thinking about selling in the coming months, now is a valuable time to start the conversation and ensure you’re well prepared ahead of these changes.
