In European line-ups the Verve is the highest specification model in the range excluding the more performance-focused Sport and GTi derivatives.
The existing 55kW petrol and 51kW diesel 1.4-litres engines will be joined by a new 71kW 1.4-litre VTi and a 1.6-litre HDi producing 67kW and 218Nm of torque.
The VTi is sure to be popular with combined fuel economy of 5.9 litres/100km (0.5 better than the smaller petrol) and carbon emission also 7g/km lower at 140.
Despite its extra size and power, the 1.6-litre HDi matches the 1.4 on 4.4 litres/100km and 117g/km CO2, and dominates it by four seconds in the 0-100km/h sprint (12.9 vs 16.9).
Previously only available in red and black, the styling team has become ever so slightly more adventurous, adding silver, grey and another shade of red to the renewed line-up.
Standard equipment includes four airbags, fog lights, 15in alloys, USB and Bluetooth connectivity, body-coloured exterior plastics and heated door mirrors.
Pricing for the Peugeot 207 Verve ranges from £12,330.62 (AUD$22,450) for the three-door 75kW petrol model and £14,481.90 ($26,370) for the five-door 1.6-litre HDi (on the road, MRRP).
Meanwhile, local sales of the 207 have battled in 2009 - the 794 units sold in the first 11 months representing a 48 percent year-to-date slump compared to 2008.
The CC convertible version is also down 43 percent in Australia after just 257 sales through to November this year.