• Permanent Murrumbidgee General Security FOR SALE 711ML - Asking $2,250/ML

  • Beat the heat! Secure your temporary water before Christmas!
        

  • Permanent Murrumbidgee High Security WANTED @ $6,000/ML (dry)


  • Permanent Murrumbidgee General Security WANTED - Offering $2,150/ML (dry)

17th JULY - ALLOCATION ANNOUNCEMENT

Murrumbidgee Valley

Water allocation update for 2017-18

Allocations

Murrumbidgee general security allocation has increased by 3 per cent to 20 per cent of entitlement. Settling end of year data, plus some showers earlier this month which met some demands and reduced losses, helped to provide a small improvement in available resources.

Storage levels (as at 14 July)

  • Blowering Dam is 80 per cent full – steady - holding 1305,000 megalitres (ML)

  • Burrinjuck Dam is 63 per cent full - steady- holding 645,000 ML

    Climatic Outlook

    The Bureau of Meteorology seasonal outlook indicates that below average rainfall conditions over much of the Murrumbidgee valley are likely from July to September, with above average temperatures.

    Atmospheric and oceanic indicators used to measure the El Niño–Southern Oscillation (ENSO) remain within neutral bounds, and similarly, the Indian Ocean Dipole (IOD) remains neutral. Therefore the Bureau’s ENSO Outlook is currently INACTIVE, with neither El Niño nor La Niña expected to influence Australia’s climate this year.

    Trade

    Water users can trade into the Murrumbidgee valley, but trade out of the Murrumbidgee valley is closed. Trade within the valley is open. Water users are encouraged to monitor the WaterNSW website at www.waternsw.com.au/customer-service/trading/murrumbidgee for information about the Murrumbidgee IVT account balance and status of trade.

    Next announcements
    The next allocation update for the Murrumbidgee valley will be on Tuesday 1 August 2017.

    An updated probability analysis showing likely improvement in water availability under different inflow scenarios, including the rocket diagram, will be issued again on Tuesday 15 August 2017. 


    NSW Murray and Lower Darling 

    Water allocation update

    Allocations

    NSW Murray general security allocation has increased by 2 per cent. It is now 13 per cent of entitlement for the 2017/18 water year. This small improvement is from the settlement of end of year trade and water usage data rather than from improved inflows. June was very dry with Murray inflows likely to be exceeded 94 in 100 years (94% Annual Exceedance Probability).

    This assessment is based on an average carryover of about 42 per cent, meaning that overall general security water availability is 55 per cent of entitlement. A final carryover volume will be available at the end of July, though no great change is expected.

    Upper Murray storage levels (as at 14 July 2017)

    • Dartmouth Dam is currently about 78 per cent full, holding 3,026,000 megalitres (ML).

    • Hume Dam is 73 per cent full, holding 2,199,000 ML.

      Climatic outlook

      The Bureau of Meteorology seasonal outlook indicates that below average rainfall conditions over much of the Murray valley are likely from July to September, with above average temperatures.

      Atmospheric and oceanic indicators used to measure the El Niño–Southern Oscillation (ENSO) remain within neutral bounds, and similarly, the Indian Ocean Dipole (IOD) remains neutral. Therefore the Bureau’s ENSO Outlook is currently INACTIVE, with neither El Niño nor La Niña expected to influence Australia’s climate this year.

      Trade

      In the Murray, trade across the Barmah choke remains restricted to ‘no net trade downstream’. Downstream trade opens automatically to the extent of the volume of any upstream trade.

      The trade restriction protects existing downstream entitlement holders from the risk of delivery shortfall caused by the limited physical capacity of the Barmah choke.

      Water users are encouraged to monitor the MDBA website at http://www.mdba.gov.au/managing- water/water-markets-trade/interstate-water-trade/barmah-choke-trade-balance for information about the trade balance and status of trade.

      Lower Darling water source trade is open, including inter-valley trade.

      Trade into (and within) the Murrumbidgee Valley is open, but trade out of the Murrumbidgee Valley is closed. Water users are encouraged to monitor the WaterNSW website at http://www.waternsw.com.au/customer-service/trading/murrumbidgee for information about the Murrumbidgee IVT account balance and the current status of Murrumbidgee trade.

    Next announcements
    The next allocation update for the NSW Murray and Lower Darling valleys will be on Tuesday 1 August 2017.

    An updated probability analysis showing likely improvement in water availability under different inflow scenarios, including the rocket diagram, will be issued again on Tuesday 15 August 2017. 



1st July 2017 - Allocation Announcement

Opening allocations announced for Murrumbidgee regulated water users

DPI Water today announced opening available water determinations for water users in the Regulated Murrumbidgee water source for the 2017/18 water year, commencing 1 July 2017.

Regulated river high security water licence holders will have a commencing allocation of 0.95 megalitres per unit share of entitlement, while regulated general security licence holders will commence on 0.17 megalitres per unit share of entitlement.

Domestic and stock, local water utility and high security sub-categories (town water supply, research, community and education and Aboriginal cultural) water licence holders will receive an allocation of 100 per cent of entitlement.

Supplementary water access licence holders, including the supplementary (Lowbidgee) subcategory, will receive an allocation of 1 megalitre per unit share of entitlement.

Supplementary licence holders are reminded that they are only permitted to take supplementary water from this water source in accordance with announcements made by the DPI Water and the conditions of their access licence.

Regulated river (conveyance) access licence holders will receive an allocation of 0.17 megalitres per unit share of entitlement, while Murrumbidgee Irrigation (conveyance) will receive 0.6568 megalitres per unit share and Coleambally (conveyance) will receive 0.8584 megalitres per unit share.

Trade into, from and within the regulated Murrumbidgee Valley resumes as of today.

Daily updates relating to the current Murray / Murrumbidgee inter-valley trade (IVT) account balance and opening or closing triggers are available through the WaterNSW website at - www.waternsw.com.au/customer-service/trading/murrumbidgee.

Blowering Dam is currently holding 77 per cent of capacity, while Burrinjuck Dam is 62 per cent full.

The next water allocation announcement for the regulated Murrumbidgee Valley will be made on 17 July 2017. 


Opening allocations for NSW Murray Valley and Lower Darling water users

DPI Water today announced opening water allocations for licenced water users in the NSW Murray and Lower Darling regulated and unregulated water sources for the new 2017/18 water year, commencing 1 July 2017.

NSW Murray regulated river high security licence holders will commence on 0.97 megalitres per unit share of entitlement, while general security licence holders will receive 0.11 megalitres per unit share.

General security licence holders in the NSW Murray will have full access to water carried over from 2016/17, which is approximately 42 per cent on average.

Carryover in general security accounts, plus the sum of allocations in 2017/18, cannot exceed the account limit of 110 per cent of entitlement.

Local water utility, domestic and stock and high security sub-categories (town water supply, research, and community and education) water access licence holders in the NSW Murray regulated river will receive an allocation of 100 per cent of entitlement.

Supplementary water access licence holders will receive an allocation of 1 megalitre per unit share of entitlement. While regulated river (conveyance) access licence holders will receive an allocation of 0.5427 megalitres per unit share of entitlement.

Stock and domestic and local water utility water access licence holders in the Lower Darling regulated water source will receive 100 per cent of entitlement.

High security and supplementary licence holders will receive 1 megalitre per unit share of entitlement, while general security licence holders will also receive an allocation of 1 megalitre per unit share.

Licence holders are reminded that they are only permitted to take supplementary water from these water sources in accordance with announcements made by the Minister and the conditions of their access licence.

Licence holders in the Murray unregulated and alluvial water sources will receive an allocation of 100 per cent or 1 megalitre per unit share of entitlement.

Domestic and stock, unregulated river and aquifer access licence holders within the area covered by the Lower Murray-Darling unregulated and alluvial water sharing plan will also receive an allocation of 100 per cent or 1 megalitre per unit share of entitlement.

NSW Murray inter and intra valley trade will be in accordance with existing procedures and protocols, including no net trade downstream of the Barmah choke. The 2016/17 Murrumbidgee inter valley trade (IVT) account balance carries into the 2017/18 water year until this water is delivered to the Murray. 





NSW Murray Temporary Trading Resumes

NSW Murray Temporary Trading Resumes

If you wish to buy or sell temp water in these dying stages of the season, this is your opportunity!

Please call our office immediately.

The following information was released from WaterNSW via social media; 

"WaterNSW administers water trading under rules set by the Department of Primary Industries Water (DPI Water).

Trade will recommence after a WaterNSW review of regulations governing trade confirmed that, unlike many previous years, the current Murray Water Sharing Plan does not prohibit trade beyond 31 May this year.

WaterNSW is working with DPI Water to make key elements of the relevant regulations more prominent and readily available to all market participants

The service improvements follow change to trade scheduling implemented by WaterNSW in March this year to enhance confidence in the trade process and in market transparency."


Wilks Water 0269 318 522 

Tom Wilks 0428 694 608

Heather Hatch 0447 473 755 


ATO WEBINAR: THE REGISTER OF FOREIGN OWNERSHIP OF WATER

The ATO will be hosting a series of free webinars about foreign ownership of water access entitlements.

A webinar for water rights holders and their representatives will be held on Wednesday 21 June 2017.
From 1 July 2017, foreign investors may need to notify the ATO if they have certain water access entitlements or contractual water rights. This information will be used to create a Register of Foreign Ownership of Water, known as the Water Register.

Come along to this webinar to find out what type of water entitlements will need to be registered, when you need to register and who will need to register. The ATO will also be on hand during the webinar to answer any questions you may have.

Places in the webinar are limited. To register for the webinar, please head to ato.gov.au/waterregister.

Another webinar for Irrigation Infrastructure Operators will be held on Wednesday 28 June 2017.

If you are not able to attend the webinar, a recording will be made available on ato.gov.au/waterregister at a later date.


Learn About Australias Water Markets

Produced by the Department of Agriculture for the 2017 Global Forum for Food and Agriculture, this video was shot on location throughout Australia and provides an overview of Australia’s Water Markets and how they encourage efficient water use. Water markets and trading have played a significant role in allocating scarce water resources and this video is a great resource for learning how it works. We have been advised that we can freely share the video with our teams and contacts and on social media channels.

Provided by and used with thanks from the Department of Agriculture.


MI and Groundwater Closing

Murrumbidgee Irrigation Closing 13th June

With the public holiday this Monday, June 12th and Murrumbidgee Irrigation closing on June 13th, we strongly recommend you act now on any remaining trades you would like to put through MI to ensure you trade is processed in time and prior to the close of trade.


Groundwater Closing 15th June

Have you organised your Carryover requirements? Are you looking to buy or sell allocation? Groundwater trading closes 15th June!

If you haven't planned your Groundwater needs, call Tom or the team.


Carryover Space Available

We have 2,000ML of Low Reliability @ $40/ML (VIC Murray Zone 6 and Goulburn 1A).

If you're interested in Carryover, feel free to contact the team on 0269 318 522 or Tom on 0429 698 694.


The Auction Results Are In

The 2017
Annual Water Auction
Results are in!

The Wilks Water Annual Water Auction was well attended at the Riverina Field Days in Griffith on Friday 12th May. Field Day attendees flocked to the Davidge Pavilion from lunch time to register their interest to bid and to have a chat with the team about water, the current season coming to a close and where the market may be headed into the next 2017/18 season.

2017 Annual Water Auction Results

Permanent Supplementary
943ML SOLD @ $600 to $620 /ML
More wanted!

Forward Supplementary
2000ML SOLD @ $25 /ML
Interested in buying or selling? Please call the team on 0269 318 522

Permanent Groundwater
384ML SOLD @ $1615 to $1650 /ML
More wanted!

Temporary NSW Surface Water
5493ML SOLD @ V.W.A $5.16 /ML (Volume Weighted Average)
2016/17 Season closing soon - More wanted!

Forward Water (NSW & VIC - 2017/18 Season)
3250ML SOLD @ $90 to $98 /ML
More available!

Forward Zone 3 Groundwater
450ML SOLD @ $20 /ML
More available!

Temporary Groundwater (Zones 2 & 3)
1615ML SOLD @ $6 /ML
More wanted

NSW Permanent General Security Surface Water
56ML Murray Irrigation SOLD @ $1280 /ML

40ML Muurrumbidgee SOLD @ $1605 /ML
More wanted

NSW Permanent High Security Surface Water
SOLD @ $3500 /ML
More wanted

For detailed listing results, click here.

We would like to take this opportunity to thank our Riverina Water Partners, who without, the Annual Water Auction would not happen.

We look forward to seeing you at the 2018 Annual Water Auction!

TODAY - Annual Water Auction

It's on today, the Wilks Water

ANNUAL WATER AUCTION

2:30pm - Davidge Pavilion - Riverina Field Days

To download the catalogue, click here.

 

Come down to the Davidge Pavilion at the Riverina Field Days and meet Tom, Heather, Tim and the Wilks Water team to discuss your water needs!


HEATHER HATCH - Call 0447 473 755

Wilks Water would like to welcome

Heather Hatch

Griffith's leading water broker.

Heather joins the team as our local lady on the ground for all Griffith water needs and brings over 12 years experience in the water industry. 

You can contact Heather on 0447 473 755, email heather@wilkswater.com.au or meet with her in the Ray White Griffith office, located at 139 Yambil Street, Griffith, NSW.


No Commission, No Reserve Price!

Temporary Surface Water – 2017 Auction Format

No Commission, No Reserve Price!

The 2016/17 water year has been a complete contrast from last season. Who could have predicted such a wet spring? The impact of this has seen temporary water prices on a steady decline throughout the year. The big wet has also resulted in a huge volume of unused allocation still in the system, which at this time of year means there is going to be an oversupply of sellers looking for a return or risk forfeiture come the end of the season.

Given the conditions, Wilks Water has altered their fee structure for the 2017 Water Auction, seeking to find a win-win structure for both sellers and buyers.

NO RESERVE PRICE for Temporary Surface Water listed at the Water Auction.

The ‘no reserve’ format will attract any buyers keen to secure water before end of season.

NO VENDORS COMMISSION* for Temporary Surface Water listed at the Water Auction.

It’s getting late in the season. Any water that cannot be carried over will be lost. This format is designed to allow for sellers to get something for their water rather than forfeit it at the end of the season. With no commission to pay something is better than nothing.

To further promote fairness for sellers of temporary surface water, a ‘volume-weighted average price’ return will be implemented. The gross proceeds of temporary surface water sold will be divided by the number of megalitres offered for sale at auction (whether sold or not). Each water source will be calculated separately.

This will also reduce the inequity between the order of lots for sale where there is a price differential between early lots and late lots sold under the hammer.

Under this system, all sellers of temporary surface water listed will receive a return. The volume-weighted average or pool price will be shared amongst all sellers*.

A payment will be returned to all sellers after the completion of the auction. If further listed water is sold post-auction, a new volume-weighted average price will be calculated and a second payment will be made.

For more information on the Wilks Water Annual Water Auction, download a Vendor Listing form or a Bidder Registration, click here to head to our Auction page

*Temporary surface water buyers will be charged an auction fee of $1.50/ML + GST
*Temporary Surface Water will be transferred to a pool account prior to the auction