The awards were a 2009 AIDA award in Automotive and Transport and the Wheels Automotive Design Award.
The Sportwagon beat a number of competitors including the Hyundai i30cw, FG Falcon G-Series and Audi A4.
The AIDA award was judged by a panel of local and international design experts on a set of strict criteria including innovation, functionality, quality, environmental and emotional appeal.
Holden has sold over 12,000 examples of its Sportwagon since its launch in July last year.
For a full review of the Holden Sportwagon, click here.