06 June 2012

Water auctions

...happen in places where water markets are developed.* I just got this in an email:
Waterfind offered 30 parcels totalling 3600ml of NSW and Victorian High and Low reliability water. 2,211ml has either sold or is in final negotiation at the following prices:
  • Vic low reliability $130-$135,
  • Vic Goulburn and Murray high reliability $1,335 to $1,350 and
  • NSW high security Murray $1,430 to $1,470 per ml.
Pretty mundane information that I'd love to see in about 50 other countries!
* Here's a useful report [PDF] -- via MY -- analyzing a 2009 Australian government auction of "new" groundwater in New South Wales. Results: prices fluctuated!

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