The Channel 4 soap will next year join the UKTV network in both countries in deals struck by All3Media International, TBI Vision reports.
UKTV already broadcasts fellow British soaps Coronation Street, EastEnders and Emmerdale to Australian audiences.
Tim Christlieb, head of programming and production for UKTV's owner BBC Worldwide Channels, commented: "We are delighted to be able to respond to huge audience demand by bringing back premiere episodes of Hollyoaks to audiences in Australia and New Zealand on UKTV.
"Great British soaps are a really important part of UKTV and we are thrilled to be bringing our viewers even more of what we know they love."
All3Media International's Peter Grant added: "We're very pleased to see Hollyoaks premiering in Australia and New Zealand. UKTV is renowned as the home of the best UK soaps and we're looking forward to our hit drama joining its schedules.
"Hollyoaks continues to capture the attention of the highly sought after youth audience, with storylines that are entertaining and humorous yet also tackle the key issues teenagers around the world are confronting - making it a must-see drama wherever it airs."
Hollyoaks previously aired in Australia on Network Seven's digital channel 7Two.