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In many locations across Australia, there is a growing concern about the availability of fresh water. Droughts are a common topic in news stories, and some people are concerned about the possibility of water shortages and the increasing price of water. If you are like other Australians, you may know several people who have already invested in rain water tanks. These tanks are used to collect, recycle and store rain water so that it can be used inside and outside the home for everything from watering the lawn to cooking, drinking and flushing the toilet. While the basic concept of a water tank may sound logical, you may be wondering if this is a good investment to pursue.