Colliers present an opportunity to take advantage of a long-term repositioning of increased demand for the limited supply of water licenses.
Colliers Agribusiness Water Advisory and Transaction Services is pleased to offer a unique opportunity to acquire a significant water entitlement in Victoria’s renowned Goulburn Valley.
A substantial 1043.30 ML of High-Reliability 1A Greater Goulburn Permanent Water Entitlement is for sale, available for transfer in a single Water Entitlement Entity (WEE) Holding.
This extensive water license represents a rare chance to secure an entitlement essential for supporting irrigation in the Goulburn Valley, a premier region celebrated for its horticultural excellence. The entitlement, encompassing over 1000 megalitres of Goulburn Murray 1A zone water, can be delivered via the channel system or as a private diverter, pending approval.
The Goulburn Valley, part of Victoria’s Hume region, is one of Australia’s most productive and intensively farmed areas. Known for its free-draining sandy loam soils and Mediterranean climate, the valley is strategically situated between the Great Dividing Range to the south and the Murray River to the north.
Industries in the Goulburn Valley include agricultural activities such as fruit growing and dairying, which supply processing plants in Shepparton and outlying towns such as Strathmerton and Tongala. This food processing industry produces around 25% of Victoria’s rural output.
Matthew Tolmachoff of Colliers Agribusiness Water Advisory and Transaction Services said, “The area is transforming, moving from dairy farming to permanent plantings focusing on fruit and nut production. The increased demand for permanent plantings will lead to more water use, which makes this an opportunity for investors to improve the reliability of their farms by securing more water entitlement.”
Mr. Tolmachoff anticipates the asset will attract lots of interest and explained, “The evolving market conditions highlight the urgency for private investors to act now. As interest rates are expected to stabilise and potentially decline in the coming year, securing water entitlement now could provide a strategic advantage.”
“Market interest and prices for permanent water entitlements are gaining momentum as interest rates stabilise in the second half of this year. The investment sector is aligning its strategy with predictions of lower rates next year and a stable BOM weather forecast. Investing in water now, prior to the announced Commonwealth buyback program takes full effect, will take advantage of a long-term repositioning of increased demand for limited supply of water licenses,” said Mr. Tolmachoff.
For Sale by Online Auction opening at 10 am Australian Eastern Daylight Time on Thursday 10th, October 2024.
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