The workspace for buyer's agents, real estate agents & property marketers.
Client pipeline, property sourcing, live PIA, presentation mode and full AML/CTF Tranche 2 compliance — all in one place. Built for SMSF and personal property strategies.
AML/CTF Tranche 2 ready Australian-hosted data Bank-grade encryption
What's inside
Everything you run a property practice with — in one workspace.
Stop juggling spreadsheets, email threads, and four different tools. Property Workspace gives you the full client journey in one secure platform — with compliance baked in.
Client pipeline
8-stage purchase journey from prospect to settlement. Never lose track of a client again.
Property library
Source, save and share properties across your team — with notes, photos and full deal economics.
Live PIA
Property Investment Analysis you can tweak in real time. Personal + SMSF modes side by side.
Presentation mode
Two-window setup — clients see the polished slide deck while you drive the editor.
AML/CTF compliance
Tranche 2 reforms hit 1 July 2026. KYC, risk rating, SMR/TTR/IFTI exports — all built in.
Compliance reminders
7-year record retention enforced automatically. Annual training reminders for every team member.
AML/CTF Tranche 2 · For dummies
From 1 July 2026, you become an AUSTRAC reporting entity.
If you're a buyer's agent, real estate agent or property marketer, the new AML/CTF Tranche 2 reforms apply to you. Here's what it means, plain English, and how Property Workspace handles it for you.
Deadline: 1 July 2026 — under 3 weeks from now
From this date, real estate professionals, buyer's agents and property marketing companies must be enrolled with AUSTRAC and operating under an AML/CTF Program. Penalties for non-compliance reach $33M per company plus personal director liability.
What is AML/CTF Tranche 2?
Plain English: stop dirty money flowing through property.
Australia is one of the last G20 countries to bring real estate agents, buyer's agents and property marketers under anti-money-laundering laws. From 1 July 2026, you're legally required to verify who your clients really are, where their money came from, and report anything suspicious. Property Workspace gives you every tool you need.
As a buyer's agent, you act on behalf of someone purchasing property. Tranche 2 brings you in because buyer's agents move client funds, advise on deposit structures, and often work with SMSFs and offshore investors — all high-risk channels for money laundering.
You must
Enrol with AUSTRAC
Register as a reporting entity before 1 July 2026.
You must
Have a written AML/CTF Program
Part A (risk-based policies) + Part B (CDD procedures).
You must
KYC every client
Driver's licence + passport or Medicare card, verified.
You must
Keep records for 7 years
All KYC docs and transactions, even after client leaves.
The 8-step checklist for every new client
Enrol with AUSTRAC before 1 July 2026
Go to austrac.gov.au, create a reporting entity account. Free, takes ~20 minutes.
Property Workspace: button + walkthrough inside
Adopt an AML/CTF Program (Part A + Part B)
Part A = your risk-based policies. Part B = how you identify and verify each client.
Property Workspace: downloadable template you customise
Verify client identity (KYC)
Collect 2 forms of ID before you act on their behalf. Australian citizen: driver's licence + Medicare. Foreign national: passport + secondary doc.
Property Workspace: upload + verify in the client record
Risk-rate every client (Low / Medium / High)
Higher risk if: offshore source of funds, PEP status, cash deposits, complex SMSF/trust structure.
Property Workspace: auto-flags FATF high-risk countries
Document source of funds
Where did the deposit come from? Inheritance, salary, business sale, super contribution. Get evidence.
Property Workspace: source-of-funds field on every client
Ongoing monitoring
Watch for unusual behaviour — sudden change in property budget, unexplained cash, urgency without explanation.
File a Suspicious Matter Report (SMR) within 24 hours if anything looks off
Don't tip off the client. Report straight to AUSTRAC. Trust your instincts.
Property Workspace: SMR export builder + AUSTRAC link
Retain all records for 7 years after the client relationship ends
KYC docs, transaction records, communications. Cannot be deleted early.
Property Workspace: 7-year retention enforced at database level
Penalty for non-compliance
Up to $33 million per company + personal liability for directors. Even one missed SMR is a criminal offence.
As a real estate selling agent, you sit between the vendor and buyer in every property transaction. Tranche 2 catches you because real estate is the biggest single channel for laundering money in Australia — and historically you've had no obligation to check who's actually buying.
You must
Enrol with AUSTRAC
As a designated service provider, registration is mandatory.
You must
Verify both vendor & purchaser
Even on a sole agency, the buyer's ID + funds are checked.
You must
Beneficial ownership for companies/SMSFs
If buyer is a company, trace 25%+ ownership chain to a real person.
You must
Train every team member annually
Sales agents, PMs, admins — all need AML/CTF training records.
The 8-step checklist for every sale
Enrol the agency with AUSTRAC before 1 July 2026
One enrolment per ABN. Branch offices roll up under the head entity.
Property Workspace: tenant-wide enrolment tracker
Adopt an AML/CTF Program tailored to real estate
Templates available — covers sales, listing, property management functions.
Property Workspace: pre-built real estate Program template
Verify vendor identity at the listing agreement stage
Confirm vendor is who they say they are, plus owns the property they're selling.
Property Workspace: vendor KYC tied to each listing
SMR filed directly to AUSTRAC. Includes failed contracts, unusual settlement patterns.
Property Workspace: SMR export ready
Run annual AML training for all staff + keep evidence
Sales, PMs, trust accounts, admin — every staff member needs annual refresher and signed acknowledgement.
Property Workspace: training log per team member
Penalty for non-compliance
Up to $33 million per company per contravention. Principal licensee + nominated director personally liable.
As a property marketing company, you sit between developers and the buying public — running campaigns, generating leads, and often handling deposit funds. Tranche 2 brings you in because off-the-plan and house-and-land marketing pulls heavily on offshore investors, the highest-risk segment.
You must
Enrol with AUSTRAC
If you're paid commissions on property sales, you're in scope.
You must
Identify each lead-to-buyer conversion
When a marketing lead converts to a deposit, KYC applies.
You must
File IFTI reports for offshore deposits
International Funds Transfer Instructions — every offshore wire.
You must
Hold a register of beneficial owners
Especially for foreign nominee/SPV buyers and trust structures.
The 8-step checklist for every campaign
Enrol the marketing entity with AUSTRAC
Even if you don't touch settlement money, commission-based property sales bring you into scope.
Property Workspace: tenant enrolment tracker
Adopt an AML/CTF Program covering lead-gen + commission income
Different from agency Program — focuses on conversion event + commission ledger.
Property Workspace: marketing-tailored Program template
KYC every buyer at deposit stage
Marketing leads don't need ID. Buyers do — before deposit cleared.
Property Workspace: lead → buyer conversion triggers KYC
Default risk rating = MEDIUM for off-the-plan
Off-the-plan + house-and-land are explicitly flagged as elevated risk by AUSTRAC.
Property Workspace: campaign-type auto-rating
Flag every offshore buyer for enhanced due diligence
Source of funds + PEP screening + beneficial owner trace required.
Property Workspace: FATF country auto-flag
File IFTI reports for every offshore funds transfer
International Funds Transfer Instructions — submitted to AUSTRAC within 10 business days.
Property Workspace: IFTI report builder + export
Keep a commission ledger reconciled to AUSTRAC reports
Every commission tied to an identified buyer + a transaction record.
Property Workspace: commission ledger view
Retain everything for 7 years — leads, KYC, commissions, IFTI
Even if the deal falls over, records stay. Cannot be purged.
Property Workspace: 7-year retention enforced
Penalty for non-compliance
Up to $33 million per company. Missing an IFTI on a foreign-investor deposit is a strict-liability offence.
Plans
Simple pricing. Compliance included.
Every plan includes the full AML/CTF compliance suite. No hidden compliance add-on. No per-report fees.