The newest Pug is expected to hit local showrooms late this year.
Peugeot Automobiles Australia spokesman, Mark McCartney, says the company is in the process of working out specifications and pricing.
However, he expects the updated 207 range to be close in price to the existing models, which means an entry starter around $20,990.
Outside, the car's overall shape is the same but there is a new grille, LED tail-lights, door protection mouldings and more chrome detailing.
At the front the car's gaping grille has been cleaned up and softened while the foglights on the upper-spec models have been moved from around the grille to the extreme corners of the front bumper.
The XT, HDi, SW and GTi range also boasts a new set of Australian-themed 15-inch, 16-inch and 17-inch alloys, interestingly named "Brisbane", "Canberra" and "Melbourne".
Inside there are new materials, a one-touch indicator for lane changing, remote controlled window closing from the ignition key, easier to use air conditioning controls and soft-touch plastics on the dashboard and around the cabin that are designed to lift quality levels.
European versions are also likely to get a standard USB connection as well as Bluetooth.
In Europe 12 different engines are available but Australia is likely to stick with the existing 1.4-litre entry models as well as the mid and top-range 1.6-litre HDi, 1.6-litre petrol four cylinder and turbocharged units.
However, all the 207 engines will now be Euro V compliant.
Peugeot has also launched a "green" low-emission 207 for Europe with a 66kW HDi engine, low-rolling resistance tyres and aerodynamic aids.
The ultra-efficient HDi FAP has CO2 emissions of just 99g/km and fuel economy of 3.8 litres/100km.
The 207 has been Europe's top selling small car for the past two years.
In Australia it is the most popular Peugeot after the 308.