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.

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Queensland Central Condamine Alluvium Groundwater Purchase Tender - November 2015 – February 2016

Average price of offers pursued from the November 2015 – February 2016 Queensland Upper Condamine Alluvium groundwater tender

Catchment

Entitlement class

Average price of offers pursued ($/ML)

Upper Condamine Alluvium (UCA)

Groundwater

$1,736.13

Note: the UCA comprises the Central Condamine Alluvium and its Tributaries (Dalrymple Creek and Oakey Creek).

New South Wales Barwon-Darling Tender - June–July 2015

Average price of offers pursued from the June–July 2015 NSW Barwon–Darling water tender

Catchment

Entitlement class

Average price of offers pursued ($/ML)

Barwon-Darling Unregulated

Class B

$1,009.24

Queensland Central Condamine Alluvium groundwater tenders 2014

The Queensland Central Condamine Alluvium Groundwater Tenders that closed on 7 March 2014 and 11 April 2014 attracted a high level of interest from licence holders. However, none of the offers received met the value for money requirements of the Department. As such no offers are being pursued from these rounds 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)

Goulburn, VIC

High reliability

$1 600.00

Goulburn, VIC

Low reliability

$150.00

Water purchase tender in southern New South Wales

A tender for the purchase of water entitlements in the New South Wales catchments of Murray and Lower Darling closed on 28 April 2014. On this occasion none of the offers received met the value for money requirements of the Department. As such no offers are being pursued from this round of purchasing.

Average price of offers pursued from the August 2013 Southern NSW water purchase tender, by catchment

Catchment

Entitlement class

Average price of offers pursued ($/ML)

Murray (below Choke), NSW

High security

$1 710.00

Murray (below Choke), NSW

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)

Murray (above Choke), VIC

High reliability

$1 464.29

Goulburn, VIC

High reliability

$1 573.75

Goulburn, VIC

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)

Murray (above Choke), NSW

General security

$665.00

Murray (below Choke), NSW

High security

$1 730.56

Murray (below Choke), NSW

General security

$822.09

Murrumbidgee, NSW

High security

$1 723.50

Murrumbidgee, NSW

General security

$838.61

Lower Darling, NSW

High security

$1 716.50

Lower Darling, NSW

General security

$827.00

Queensland Lower Balonne tenders 2012–14

Average price of offers pursued from April 2013 and March 2014 Queensland Lower Balonne tenders (tenders including overland flow licences)
Catchment

Entitlement class

Average price of offers being pursued
($/ML nominal volume)

Lower Balonne, QLD

Unsupplemented

$1 500.00

Lower Balonne, QLD

Overland Flow

$1 150.00


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, QLD

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, QLD

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, QLD

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)

Border Rivers, QLD

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, QLD

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, QLD

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, QLD

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, QLD

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)

Goulburn, VIC

High reliability

$1 718

Loddon, VIC

High reliability

$1,452

Murray River, SA

Class 1, 3a, 3b

$1 670

Murray (above Choke), NSW

General security

$710

Murray (below Choke), NSW

High security

$1 746

Murray (below Choke), NSW

General security

$792

Murray (above Choke), VIC

High reliability

$1 554

Murray (below Choke), VIC

High reliability

$1 707

Murrumbidgee, NSW

High security

$1 663

Murrumbidgee, NSW

General security

$833


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)

Campaspe, VIC

High reliability

$1 600

Loddon, VIC

High reliability

$1 520

Goulburn, VIC

High reliability

$1,868

Murray (above Choke), VIC

High reliability

$1 631

Murray (below Choke), VIC

High reliability

$1 839

Murray River, SA

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)

Campaspe, VIC

High reliability

$1 533

Loddon, VIC

High reliability

$1 560

Goulburn, VIC

High reliability

$1 879

Murray (above Choke), VIC

High reliability

$1 61

Murray (below Choke), VIC

High reliability

$1 856

Murray River, SA

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)

Campaspe, VIC

High rliability

$1 500

Loddon, VIC

High reliability

$1 563

Goulburn, VIC

High reliability

$1 833

Murray (above Choke), VIC

High reliability

$1 662

Murray (bvelow Choke), VIC

High reliability

$1 846

Murray River, SA

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)

Loddon, VIC

High reliability

$1 500

Goulburn, VIC

High reliability

$1 782

Murray (above Choke), VIC

High reliability

$1 613

Murray (below Choke), VIC

High reliability

$1 821

Murrumbidgee, NSW

General security

$888

Murray (above Choke), NSW

General security

$790

Murray (below Choke), NSW

General security

$897

Murray River, SA

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)

Loddon, VIC

High reliability

$1 00

Goulburn, VIC

High reliability

$1 860

Murray (above Choke), VIC

High reliability

$1 643

Murray (below Choke), VIC

High reliability

$1 833

Murrumbidgee, NSW

General security

$927

Murray (above Choke), NSW

General security

$832

Murray (below Choke), NSW

General security

$915

Murray (below Choke), NSW

High security

$2 072

Murray River, SA

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)

Campaspe, VIC

High reliability

$1 740

Goulburn, VIC

High reliability

$1 862

Loddon, VIC

High reliability

$1 36

Murray (below Choke), VIC

High reliability

$1 824

Murray (above Choke), VIC

High reliability

$1 613

Murray River, SA

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)

Goulburn, VIC

High reliability

$1 953

Murray (below Choke), VIC

High reliability

$1 957

Murray (above Choke), VIC

High reliability

$1 700

Lower Darling, NSW

General security

$949

Murrumbidgee, NSW

General security

$861

Murray (below Choke), NSW

General security

$926

Murray (below Choke), NSW

High security

$2 050

Murray (above Choke), NSW

General security

$796

Murray River, SA

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)

Goulburn, VIC

High reliability

$2 054

Murray (below Choke), VIC

High reliability

$2 72

Murray (above Choke), VIC

High reliability

$1 795

Murrumbidgee, NSW

General security

$930

Murray (below Choke), NSW

General security

$967

Murray (above Choke), NSW

General security

$870

Murray River, SA

High reliability (Class 3A)

$2 047