Thanks Inchiquin for your considered research and opinion.
Over the years it has been noticeable that foreigners tend to under estimate the value of waterights in Aus. After all, 7 year droughts are not unknown in NSW, although the definition of a drought may have changed over the years. I think back to my honeymoon when people were talking of a 7 yr drought which, to my personal discomfort, broke just as we began it, and we had to abandon some bushwalking plans even if appreciative of the rejoicing of local residents.
Ashentegra - thanks for your comments too. Please excuse my laziness to search, but do either of you have pricing on Riverina water rights?
The land price will come into kilter in time since, unless new more productive uses are found, its value will be determined by the marginal value of production. If, the land is profitable in the long run at today's prices, then SHV will sooner or later face up to the fact.
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$4.34 |
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$4.34 | $4.37 | $4.29 | $299.1K | 69.34K |
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No. | Vol. | Price($) |
---|---|---|
15 | 1488 | $4.33 |
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Price($) | Vol. | No. |
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$4.35 | 5483 | 8 |
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No. | Vol. | Price($) |
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5 | 488 | 4.330 |
17 | 2873 | 4.320 |
13 | 4791 | 4.310 |
8 | 3685 | 4.300 |
5 | 1594 | 4.290 |
Price($) | Vol. | No. |
---|---|---|
4.340 | 855 | 2 |
4.350 | 1336 | 4 |
4.360 | 5677 | 7 |
4.370 | 11221 | 4 |
4.380 | 4967 | 5 |
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