Average prices of offers pursued from recent tenders

The average prices of offers pursued from recent water purchasing initiatives under the Restoring the Balance in the Murray-Darling Basin Program are reported below. These prices have been publicly released to provide greater transparency and to assist water entitlement owners who may be considering placing a sell offer in future water purchasing initiatives.

Water purchases are subject to legal due diligence checks before a water sale contract will be issued. Information on the volume of water entitlements purchased is added to the department's website once purchases are secured by legally binding contracts.

For the Queensland Lower Balonne tenders, each sell offer is assessed individually with reference to the expected environmental outcomes and the estimated market value of the entitlement. As a result, a unique price benchmark is calculated for each offer. A sell offer is accepted if the offer price is equal to, or less than, the price benchmark. An offer made at a price below the average price may be rejected if its price benchmark is below the offer price.

Queensland Central Condamine Alluvium Groundwater Purchase Tender Feb-March 2014

While there was a high level of interest in the Queensland Central Condamine Alluvium Groundwater Purchase Tender that closed on 7 March 2014 none of the offers received represented value for money to the Australian Government. As such no offers are being pursued from this round of purchasing.

Southern Murray-Darling Basin Tenders 2013–14

Strategic Water Purchase Initiative in Victoria

Average price of offers pursued from round one of the Strategic Water Purchase Initiative in Victoria, by catchment
Catchment Entitlement class Average price of offers pursued ($/ML)
VIC
Goulburn High Reliability $1,600.00
Goulburn Low Reliability $150.00

Water Purchase Tender in southern New South Wales

Average price of offers pursued from the May 2013 Southern NSW water purchase tender, by catchment
Catchment Entitlement class Average price of offers pursued ($/ML)
NSW
Murray (Below Choke) High Security $1710.00
Murray (Below Choke) General Security $805.00

Southern Murray-Darling Basin Tenders 2012–13

Strategic Water Purchase Initiative in Victoria

Average price of offers pursued from round one of the Strategic Water Purchase Initiative in Victoria, by catchment
Catchment Entitlement class Average price of offers pursued ($/ML)
VIC
Murray (Above Choke) High Reliability $1,464.29
Goulburn High Reliability $1,573.75
Goulburn Low Reliability $100.00

Water Purchase Tender in southern New South Wales

Average price of offers pursued from the May 2013 Southern NSW water purchase tender, by catchment
Catchment Entitlement class Average price of offers pursued ($/ML)
NSW
Murray (Above Choke) General Security $665.00
Murray (Below Choke) High Security $1,730.56
Murray (Below Choke) General Security $822.09
Murrumbidgee High Security $1,723.50
Murrumbidgee General Security $838.61
Lower Darling High Security $1,716.50
Lower Darling General Security $827.00

Queensland Lower Balonne Tenders 2012–13

Average price of offers pursued from April 2013 Queensland Lower Balonne tender
Catchment Entitlement class Average price of offers being pursued
($/ML nominal volume)
Lower Balonne Unsupplemented $1,500.00
Lower Balonne Overland Flow $800.00
Average price of offers pursued from February 2013 Queensland Lower Balonne tender
Catchment Entitlement class Average price of offers being pursued
($/ML nominal volume)
Lower Balonne Unsupplemented $1,750.00
Average price of offers pursued from November 2012 Queensland Lower Balonne tender
Catchment Entitlement class Average price of offers being pursued
($/ML nominal volume)
Lower Balonne Unsupplemented $1,795.00

Northern Basin Tenders 2010–11

Average price of offers pursued from November 2011 Queensland Lower Balonne tender
Catchment Entitlement class Average price of offers being pursued
($/ML nominal volume)
Lower Balonne Unsupplemented $1,650.00
Average price of offers pursued from October 2011 NSW Namoi and Queensland and NSW Border Rivers tender
Catchment Entitlement class Average price of offers being pursued
($/ML nominal volume)
Queensland Border Rivers Unsupplemented $1,500.00
Average price of offers pursued from September 2011 Queensland Lower Balonne tender
Catchment Entitlement class Average price of offers being pursued
($/ML nominal volume)
Lower Balonne Unsupplemented $1,500.00
Average price of offers pursued from March 2011 Queensland Lower Balonne tender
Catchment Entitlement class Average price of offers being pursued
($/ML nominal volume)
Lower Balonne Unsupplemented $1,470.00
Average price of offers pursued from November 2010 Queensland Lower Balonne tender
Catchment Entitlement class Average price of offers being pursued
($/ML nominal volume)
Lower Balonne Unsupplemented $1,433.33
Average price of offers pursued from May 2010 Lower Balonne tender
Catchment Entitlement class Average price of offers being pursued
($/ML nominal volume)
Lower Balonne Unsupplemented $1,433.30

Southern Murray-Darling Basin Tenders 2010–2012

Average price of offers pursued from the April 2012 Targeted Water Purchasing Initiative in the southern Murray-Darling Basin, by catchment
Catchment Entitlement class Average price of offers being pursued ($/ML)
NSW
Murray (Above Choke) General Security $710
Murray (Below Choke) High Security $1,746
Murray (Below Choke) General Security $792
Murrumbidgee High Security $1,663
Murrumbidgee General Security $833
Vic
Loddon High Reliability $1,452
Goulburn High Reliability $1,718
Murray (Above Choke) High Reliability $1,554
Murray (Below Choke) High Reliability $1,707
SA
Murray River Class 1, 3a, 3b $1,670
Average price of offers pursued from the June 2011 Southern Connected System tender, by catchment
Catchment Entitlement class Average price of offers being pursued ($/ML)
Vic
Campaspe High Reliability $1,600
Loddon High Reliability $1,520
Goulburn High Reliability $1,868
Murray (Above Choke) High Reliability $1,631
Murray (Below Choke) High Reliability $1,839
SA
Murray River Class 1, 3A, 3B $1,857
Average price of offers pursued from the May 2011 Southern Connected System tender, by catchment
Catchment Entitlement class Average price of offers being pursued ($/ML)
Vic
Campaspe High Reliability $1,533
Loddon High Reliability $1,560
Goulburn High Reliability $1,879
Murray (Above Choke) High Reliability $1,661
Murray (Below Choke) High Reliability $1,856
SA
Murray River Class 1, 3A, 3B $1,849
Average price of offers pursued from the March 2011 Southern Connected System tender, by catchment
Catchment Entitlement class Average price of offers being pursued ($/ML)
Vic
Campaspe High Reliability $1,500
Loddon High Reliability $1,563
Goulburn High Reliability $1,833
Murray (Above Choke) High Reliability $1,662
Murray (Below Choke) High Reliability $1,846
SA
Murray River Class 1, 3A, 3B $1,867
Average price of offers pursued from the February 2011 Southern Connected System tender, by catchment
Catchment Entitlement class Average price of offers being pursued ($/ML)
Vic
Loddon High Reliability $1,500
Goulburn High Reliability $1,782
Murray (Above Choke) High Reliability $1,613
Murray (Below Choke) High Reliability $1,821
NSW
Murrumbidgee General Security $888
Murray (Above Choke) General Security $790
Murray (Below Choke) General Security $897
SA
Murray River Class 1, 3A, 3B $1,825
Average price of offers pursued from the November 2010 Southern Connected System tender, by catchment
Catchment Entitlement class Average price of offers being pursued ($/ML)
Vic
Loddon High Reliability $1,500
Goulburn High Reliability $1,860
Murray (Above Choke) High Reliability $1,643
Murray (Below Choke) High Reliability $1,833
NSW
Murrumbidgee General Security $927
Murray (Above Choke) General Security $832
Murray (Below Choke) General Security $915
Murray (Below Choke) High Security $2,072
SA
Murray River Class 1, 3A, 3B $1,814
Average price of offers pursued from the May 2010 Southern Connected System tender, by catchment
Catchment Entitlement class Average price of offers being pursued ($/ML)
Vic
Campaspe High Reliability $1,740
Goulburn High Reliability $1,862
Loddon High Reliability $1,636
Murray (Below Choke) High Reliability $1,824
Murray (Above Choke) High Reliability $1,613
SA
Murray River High Reliability $1,841
Average price of offers pursued from the March 2010 Southern Connected System tender, by catchment
Catchment Entitlement class Average price of offers being pursued ($/ML)
Vic
Goulburn High Reliability $1,953
Murray (Below Choke) High Reliability $1,957
Murray (Above Choke) High Reliability $1,700
NSW
Lower Darling General Security $949
Murrumbidgee General Security $861
Murray (Below Choke) General Security $926
Murray (Below Choke) High Security $2,050
Murray (Above Choke) General Security $796
SA
Murray River High Reliability $1,930
Average price of offers pursued from the January 2010 Southern Connected System tender, by catchment
Catchment Entitlement class Average price of offers being pursued ($/ML)
Vic
Goulburn High Reliability $2,054
Murray (Below Choke) High Reliability $2,072
Murray (Above Choke) High Reliability $1,795
NSW
Murrumbidgee General Security $930
Murray (Below Choke) General Security $967
Murray (Above Choke) General Security $870
SA
Murray River High Reliability (Class 3A) $2,047