Under the terms of the new two-year deal worked out with the players' union, the average retainer for a player in the country's nine-team W-League will rise from A$6,909 to A$15,500 for next season, the FFA said.
"This is the start of a new era for professional female footballers in Australia," FFA chief David Gallop said.
"W-League players deserve this pay rise. They have been trailblazers for women's sport in Australia and are about to enter their 10th season."
Australia's national team, the Matildas, won the inaugural Tournament of Nations last month with victories over traditional powers of the women's game, the United States, Japan and Brazil.
(Reporting by Nick Mulvenney, editing by Ian Ransom)
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