Temporary water trading is now well established in the Goulburn-Broken Catchment irrigation sector, which is located in northern Victoria, Australia. The operation of the Victorian water exchange (Watermove) has, for the past five years, facilitated this trade. In this paper a review of the market activities over this period is provided. Data from Watermove is analysed to determine the main annual and monthly trends in the trade. It is shown empirically that the water market is displaying signs of maturity and a distinct seasonal pattern for the volumes traded and the market water price has developed.

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