A broker with Ruralco.
Water broking business with 23 branches with a staff of 7,000.
- Recent Water Reform incorporated a code of conduct for brokers.
- Recover 70,000 ml allocation, 1,500 cap.
- Storages are currently 52% compared to 74% last year.
- Over last 6 years 46% of buyers were investors.
- Price movement over time determined by demand.
- Temporary Allocation spot market 1-1 trade between buyer and sellers. Selling allocation to a buyer at an agreed price with delivery in the future.
- Some entitlement types enable allocation to be carried over.
- Southern Basin Background, environment 32%, private 60% and water corporations 8%.
- Inter Valley Trade limit Goulburn to Murray closed approx.. 35% between 2014/15 & 2024/25, with a stabilisation of limit in recent years. New rules set a minimum of 3 openings per season
- Water storage capacities much lower than last year.
- Outlook for GMW, Murray & Goulburn 25& or better reaching 100% mid-October 2025.
- Availability depends on climate with sea surface temperatures above average.
- Impact on allocation markets, wet years, threat of a deficit. With severe deficit might not be any allocation.
- Impact on entitlement market with large new buyers entering the market.