Water allocations are a topic that needs to be considered when purchasing rural properties.

Queensland Titles holds a register of water allocations which can be searched in a similar way as for titles to land.

The search will reveal (amongst other things) who owns the water allocation and the number of litres that is covered by the water allocation.

Water allocations can be bought and sold. They will normally be dealt with by way of a special condition in the land contract.

One quirk is that water allocations currently cannot be dealt with through PEXA and so must be dealt with by means of a paper Transfer.

Queensland Titles will not register a transfer of water allocation without the relevant water company supplying a Form W2F152. The water company will not supply this form until the seller and the buyer sign the water company’s application from, the buyer signs the water company’s form of water supply agreement and all fees and charges are paid.

These are just a few of the things that need to be considered when buying a water allocation. Further investigation will be needed on a case by case basis.

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This article is for your information and interest only. It is not intended to be comprehensive, and it does not constitute and must not be relied on as legal advice. You must seek specific advice tailored to your circumstances.