The motivation for this project arises from the experience and observations made during the 2011 and 2013 floods in Australia, which caused widespread devastation in Queensland. Considerable costs were sustained by all levels of government and property owners to effect damage repair and enable community recovery. A fundamental reason for this damage was inappropriate development in floodplains and a legacy of high risk building stock in flood prone areas. While the vulnerability and associated flood risk for newer construction is being addressed (moderated) by new standards (ABCB, 2012), building controls and land use planning, the vulnerability associated with existing building stock remains. This vulnerability contributes disproportionally to overall flood risk in many Australian catchments. The Bushfire and Natural Hazards Collaborative Research Centre (CRC) project entitled Cost-effective mitigation strategy development for flood prone buildings addresses this issue and is targeted at assessing mitigation strategies to reduce the vulnerability of existing residential building stock in Australian floodplains. The project addresses the need for an evidence base to inform decision making on the mitigation of the flood risk posed by the most vulnerable Australian houses and complements parallel CRC projects for earthquake and severe wind.