Behaviour in the water market this week again highlights the need to move ahead with the reforms detailed in the Quinlivan report earlier this year.
You’ll know that Aquire fully supports any reforms that rule out unscrupulous behaviour by brokers in this industry.
A number of brokers have put out media stating the ‘Water Buy-Backs are open!” There’s also been rumours circulating about high prices already being paid for entitlement in this market.
Fact is – this is just bluff and bluster from brokers trying to build their list and get commitments from water owners. Wait until you see the detail from Government, and do not commit to anything until you’re 100% sure it is real.
These promise to be interesting days in the water market – make sure you get the best advice you can, and confirm it.