Australia's universities are still performing steadily in the international stage but their fast-rising Asian competitors are overtaking them.
That's according to the Times Higher Education World University rankings released overnight, which named the University of Oxford in the UK as the number one institution for the second year running.
The University of Melbourne and the Australian National University again the top local entrants, ranked 32 and 48 respectively.
All up, 35 of Australia's 40 universities made the cut.
Out of these, 11 jumped ahead, 14 held steady and 10 fell compared with last year.
By comparison Chinese universities are rapidly climbing the ladder each year.
Tsinghua University overtook the University of Melbourne while the Hong Kong Univesity of Science and Technology outperforms ANU.
"Australia's leading institutions are already falling behind peers in mainland China and Hong Kong, which receive high and sustained levels of state funding," global rankings director Phil Baty said.
It's prompted concerns about the Federal government's proposed university funding cuts, but Education Minister Simon Birmingham believes the results are positive and insists a strong level of investment will continue.
"These rankings highlight that Australia's university sector continues to go from strength to strength," he said.
AUSTRALIAN UNIVERSITIES IN THE GLOBAL TOP 100
32. University of Melbourne
48. Australian National University
61. University of Sydney
65. University of Queensland
80. Monash University
For the full list head here.