In this paper, a newly derived flood loss function for Australian residential structures (FLFArs
) is presented and calibrated by using historic data collected from an extreme event in Queensland, Australia, that occurred in 2013. Afterwards, the performance of FLFArs
has been compared with the observed damage data collected from a 2012 flood event in Maranoa, Queensland. Based on this analysis, validation of FLFArs has been performed in terms of Australian geographical conditions.