The Socceroos have climbed 4 places to 59 in the world in the latest FIFA rankings released today.
Australia was ranked 63 in the most recent rankings, released in June, before their opening 2018 World Cup qualifier against Kyrgyzstan in Bishkek.
Ange Postecoglou’s troops won that clash 2-1 in a perfect start on the Road to Russia.
They next face Bangladesh (169) in Perth on September 3, with Jordan (92) and Tajikistan (148) also in their group as they look to qualify for a fourth consecutive FIFA World Cup.
The Socceroos are the fourth-highest ranked team in Asia behind Iran (38), Japan (50) and Korea Republic (52).
At the top of the rankings, Argentina have leapfrogged world champions Germany to take the top spot despite losing the Copa America final to Chile this week.
Belgium round out the top three, with Colombia and the Netherlands in fourth and fifth respectively.
Gareth Bale’s Wales were big movers, jumping from 22nd last month into 10th on the list and above nations like Spain (12th) and Italy (17th).