Did this loop last week. No water at CC hut but water in the creek at Camp Valley. The creek at Ropers was still flowing but we filled up at Big River and did not need it. Water in the aqueduct along Spione Kopje and if you are going clockwise then you can still get some water from the creek flowing just before the Grey Hills. See my notes here
viewtopic.php?f=46&t=26988&p=346065#p346065 Water still flowing at Bogong Creek Saddle but we are dry as well. Some rain forecast for this weekend but not enough.
There are no big obstacles and only a few trees down. One big tree on Duanne around the 1350m mark but it is easy to straddle and was nice to sit on for a break. Although not out of place in Bushwalking discussion, this would be better in the Vic section.