Water is the new Liquid Gold, except when its run through hydro turbines. In which case we can see it has little value. Kiwis are lining up to sell, to overseas buyers, at a loss from what they have paid. If I had spare cash, which I do not, I would jump in now. Or maybe later, since it must be a buy. Particularly when the dividend yield is considered.
BUT, maybe Mum and Dad investors should have just put their cash into a Kiwi Bank Deposit account.