The overarching goal of the research is to reduce community’s vulnerability to flood risks by enhancing risk reduction capacity of the built environment. The possible outcomes of the research include critical review of flood risk management policy and practices and identification of “fit for purpose” policy guidelines to deal with dynamic change. The research context is Melbourne, Victoria and the research findings will offer empirical data resources for end-user agencies. Further, since the research is covering a range of aspects related to response, recovery and mitigation of disaster risk via the process of urban planning, it offers greater potential to benefit the larger society exposed to the similar risks in addition to direct implication in the local urban development policies of the case study catchment.