Water Broking World is a broker and online market for water rights. Water trading isn’t as complicated as you might think and we’ll help you through the process. In addition to the online platform, we can organise a trade over fax, email or post. So if you’re an irrigator or other water licence owner, we will find solutions to your water trading needs.
We organise trades of both surface water and groundwater and stay up to date with the trading rules. This enables customers to trade water both within their trading zone and outside of to get the best price. For temporary allocation water trades, there’s no seller commission.
New price comparison feature: Temporary Allocation Water Price Aggregator. This shows the prices in real time for what our competitors are trading at.
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Here are the historical prices for the last water year (1 July 2015 to 30 June 2016).
For a discussion on where these figures come from, please read this article.
By clicking on these links, you can access the online market for temporary allocation water and listings for permanent water shares (also known as water licences or water entitlements.) Click here to login or register.
The two main types of water rights are water shares and allocation water. Water shares are attached to a licence or entitlement and every water year the licence receives a proportion of the share component as allocation water. Having water shares doesn’t necessarily mean you can extract water, you need allocation water. The water year is the same as the financial year (1 July to 30 June), but there are a few exceptions in Queensland. Authorities start the allocation proportion small and gradually increase the proportion throughout the water year. Allocation announcements from the authorities are made on the first and fifteenth day of the month, or the next business day. You can see the current allocation percentage in the widget on the left. It’s updated as soon as the authorities make an announcement.
There are different classes of water shares based on their priority and as such they receive different allocations. On the water market, the two most traded classes are irrigation general security (NSW) or low reliability (Vic) and irrigation high security (NSW) or high reliability (Vic). In South Australia there isn’t an equivalent of general security water shares. Water shares can only be traded within the one trading zone.
During the water year, allocation water attached to the licence can be traded. It can be used in that water year, traded or in some circumstances it can be carried over to the next water year. The carry over rules vary by trading zone and they’re updated frequently, so please contact us if you need help understanding the rules. Unlike water shares, allocation water can be traded within and between trading zones, so someone at Mannum, SA for instance can sell allocation water to someone at Shepparton, Victoria. There are occasional restrictions on trade between trading zones, due to physical constraints, and the Water Broking World exchange is updated to reflect the new rules as soon as they are in place.
We can trade allocation water to and from almost anywhere in the Murray basin to get you the best price. So if you’re on the Murray, Goulburn, Murrumbidgee Rivers or any other system, including groundwater and supplementary, we can help you trade water. Similarly we organise trades of water shares in your trading zone.
You can submit your orders online through this website or we can do it over email, fax or post the forms out to you.
Water Broking World has low brokerage compared to other water brokers in Australia. For temporary allocation trade, no seller commission, for buyers $85 plus 2.5 % of the consideration. Bear in mind other brokers charge both sides.