Outside view of Germanic styled hut, seen during the German premiere of 'The Chronicles of Narnia: Prince Caspian' at the Kaltenberg Medieval Festival. (Johannes Simon/Getty Images)
Six foreign features were shot locally and seven other titles had their post-film digital effect work done in Australia, a survey by Screen Australia shows.
For the first time, since the survey began in 1988, there was no big budget US film.
As a result the production value of foreign films in Australia fell to $21 million in 2008-09, down from $118 million the previous financial year.
But the historic low is expected to jump this financial year with the scheduled production of several big features, including The Chronicles of Narnia.
The overall production value of television and film in Australia rose to $688 million in 2008-09, up slightly from $679 million the previous financial year.
That amount was generated from 38 feature films, 44 television dramas and post-film digital effect work on nine titles.
Government funding for television production doubled to $43 million.
But funding for films was cut by more than $10 million to $35 million in 2008-09, accounting for less than 10 per cent of overall funding.
The results showed the future was looking good for Australia's production industry, Federal Arts Minister Peter Garrett said.
"This is excellent news for both our economy and our community," he said in a statement.
