April 2012 Southern Murray-Darling Basin
The Targeted Water Purchase Initiative in the southern connected Murray-Darling Basin closed on 27 April 2012. It received strong interest from sellers with 782 conforming bids submitted to the select tender.
The average prices of offers pursued from this initiative, as well as previous initiatives, is reported below. These prices have been publicly released to provide greater transparency to the water purchasing program and to assist water entitlement owners who may be considering placing a sell offer in future purchasing initiatives.
Please see Questions and Answers for further advice on average prices.
As a result of this initiative, the Australian Government will be pursuing the purchase of 117 GL of permanent water entitlements in the southern connected Murray-Darling Basin. However, these purchases are subject to legal due diligence checks before a water sale contract will be issued. Therefore the volume purchased is subject to change. Full information on the volume of entitlements purchased from this initiative will be added to the department's website once they are secured by legally binding contracts.
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 |
| NSW |
| Murray (Above Choke) |
General Security |
$710/ML |
| Murray (Below Choke) |
High Security |
$1,746/ML |
| Murray (Below Choke) |
General Security |
$792/ML |
| Murrumbidgee |
High Security |
$1,663/ML |
| Murrumbidgee |
General Security |
$833/ML |
| Vic |
| Loddon |
High Reliability |
$1,452/ML |
| Goulburn |
High Reliability |
$1,718/ML |
| Murray (Above Choke) |
High Reliability |
$1,554/ML |
Murray (Below Choke) |
High Reliability |
$1,707/ML |
| SA |
| Murray River |
Class 1, 3a, 3b |
$1,670/ML |
Average price of offers pursued from the June 2011 Southern Connected System tender, by catchment
| Catchment |
Entitlement class |
Average price of offers being pursued |
| Vic |
| Campaspe |
High Reliability |
$1,600/ML |
| Loddon |
High Reliability |
$1,520/ML |
| Goulburn |
High Reliability |
$1,868/ML |
| Murray (Above Choke) |
High Reliability |
$1,631/ML |
| Murray (Below Choke) |
High Reliability |
$1,839/ML |
| SA |
| Murray River |
Class 1, 3A, 3B |
$1,857/ML |
Average price of offers pursued from the May 2011 Southern Connected System tender, by catchment
| Catchment |
Entitlement class |
Average price of offers being pursued |
| Vic |
| Campaspe |
High Reliability |
$1,533/ML |
| Loddon |
High Reliability |
$1,560/ML |
| Goulburn |
High Reliability |
$1,879/ML |
| Murray (Above Choke) |
High Reliability |
$1,661/ML |
| Murray (Below Choke) |
High Reliability |
$1,856/ML |
| SA |
| Murray River |
Class 1, 3A, 3B |
$1,849/ML |
Average price of offers pursued from the March 2011 Southern Connected System tender, by catchment
| Catchment |
Entitlement class |
Average price of offers being pursued |
| Vic |
| Campaspe |
High Reliability |
$1,500/ML |
| Loddon |
High Reliability |
$1,563/ML |
| Goulburn |
High Reliability |
$1,833/ML |
| Murray (Above Choke) |
High Reliability |
$1,662/ML |
| Murray (Below Choke) |
High Reliability |
$1,846/ML |
| SA |
| Murray River |
Class 1, 3A, 3B |
$1,867/ML |
Average price of offers pursued from the February 2011 Southern Connected System tender, by catchment
| Catchment |
Entitlement class |
Average price of offers being pursued |
| Vic |
| Loddon |
High Reliability |
$1,500/ML |
| Goulburn |
High Reliability |
$1,782/ML |
| Murray (Above Choke) |
High Reliability |
$1,613/ML |
| Murray (Below Choke) |
High Reliability |
$1,821/ML |
| NSW |
| Murrumbidgee |
General Security |
$888/ML |
| Murray (Above Choke) |
General Security |
$790/ML |
| Murray (Below Choke) |
General Security |
$897/ML |
| SA |
| Murray River |
Class 1, 3A, 3B |
$1,825/ML |
Average price of offers pursued from the November 2010 Southern Connected System tender, by catchment
| Catchment |
Entitlement class |
Average price of offers being pursued |
| Vic |
| Loddon |
High Reliability |
$1,500/ML |
| Goulburn |
High Reliability |
$1,860/ML |
| Murray (Above Choke) |
High Reliability |
$1,643/ML |
| Murray (Below Choke) |
High Reliability |
$1,833/ML |
| NSW |
| Murrumbidgee |
General Security |
$927/ML |
| Murray (Above Choke) |
General Security |
$832/ML |
| Murray (Below Choke) |
General Security |
$915/ML |
| Murray (Below Choke) |
High Security |
$2,072/ML |
| SA |
| Murray River |
Class 1, 3A, 3B |
$1,814/ML |
Average price of offers pursued from the May 2010 Southern Connected System tender, by catchment
| Catchment |
Entitlement class |
Average price of offers being pursued |
| Vic |
| Campaspe |
High Reliability |
$1,740/ML |
| Goulburn |
High Reliability |
$1,862/ML |
| Loddon |
High Reliability |
$1,636/ML |
| Murray (Below Choke) |
High Reliability |
$1,824/ML |
| Murray (Above Choke) |
High Reliability |
$1,613/ML |
| SA |
| Murray River |
High Reliability |
$1,841/ML |
Average price of offers pursued from the March 2010 Southern Connected System tender, by catchment
| Catchment |
Entitlement class |
Average price of offers being pursued |
| Vic |
| Goulburn |
High Reliability |
$1,953/ML |
| Murray (Below Choke) |
High Reliability |
$1,957/ML |
| Murray (Above Choke) |
High Reliability |
$1,700/ML |
| NSW |
| Lower Darling |
General Security |
$949/ML |
| Murrumbidgee |
General Security |
$861/ML |
| Murray (Below Choke) |
General Security |
$926/ML |
| Murray (Below Choke) |
High Security |
$2,050/ML |
| Murray (Above Choke) |
General Security |
$796/ML |
| SA |
| Murray River |
High Reliability |
$1,930/ML |
Average price of offers pursued from the January 2010 Southern Connected System tender, by catchment
| Catchment |
Entitlement class |
Average price of offers being pursued |
| Vic |
| Goulburn |
High Reliability |
$2,054/ML |
| Murray (Below Choke) |
High Reliability |
$2,072/ML |
| Murray (Above Choke) |
High Reliability |
$1,795/ML |
| NSW |
| Murrumbidgee |
General Security |
$930/ML |
| Murray (Below Choke) |
General Security |
$967/ML |
| Murray (Above Choke) |
General Security |
$870/ML |
| SA |
| Murray River |
High Reliability (Class 3A) |
$2,047/ML |
New South Wales Namoi and Queensland and New South Wales Border Rivers tender
October 2011 tenders
The New South Wales Namoi and Queensland and New South Wales Border Rivers water purchase tender ran from 17 October to 11 November 2011. The table below contains the average price of offers pursued from the Queensland Border Rivers in this tender. No offers are being pursued from the New South Wales Border Rivers or Namoi catchments. This information has been publicly released to provide greater transparency to the tender process and to assist irrigators who may be considering placing a sell offer into future tenders in understanding recent market prices.
Average price of offers pursued from October 2011 Queensland Border Rivers tender
| Catchment |
Entitlement class |
Average price of offers being pursued
($/ML nominal volume) |
| Queensland Border Rivers |
Unsupplemented |
$1,500.00 |
Queensland Lower Balonne tenders
November 2011 Queensland Lower Balonne tender
The Queensland Lower Balonne water purchase tender ran from 14 November to 9 December 2011. The average price of accepted offers in this tender have been publicly released to provide greater transparency to the tender process and to assist those who may be considering placing a sell offer into future tenders in understanding recent market prices.
It should be noted that each sell offer submitted to the tender was assessed individually with reference to the expected environmental outcomes from acquiring the entitlement offered, and the estimated market value of the entitlement. As a result, a unique price benchmark was calculated for each entitlement. A sell offer is accepted if the sell offer price is equal to, or less than, the price benchmark.
Average price of offers pursued from November 2011 Queensland Lower Balonne tender
| Catchment |
Entitlement class |
Average price of offers being pursued
($/ML nominal volume) |
| Lower Balonne |
Unsupplemented |
$1,650.00 |
Average price of offers pursued from September 2011 Queensland Lower Balonne tender
| Catchment |
Entitlement class |
Average price of offers being pursued
($/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 |
| 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 |
| 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 |
| Lower Balonne |
Unsupplemented |
$1,433.30 |
Note: An offer made at a price below the average price may still have been rejected if its calculated benchmark was below the sell offer price.
Restoring the Balance in the MDB Program
