Australia's struggles in the Asian Cup has seen the national team fall to become Asia's fourth-ranked team in the latest release of the FIFA World Rankings.
The Socceroos were the continent's second-best team behind Iran prior to the Asian Cup but a quarter-final exit to hosts UAE has seen Japan (27th) and Korea Republic (38th) rise above the green and gold - who dropped one spot to 42nd.
Iran (22nd) retained their position as Asia's strongest nation despite being eliminated by Japan in the Asian Cup semi-finals.
Surprise Asian Cup winners Qatar rose 38 spots to be ranked 55th, while the UAE moved up to 67th - a rise of 12 places.
The next FIFA rankings will be released on April 4.