Prime Minister Malcolm Turnbull says the thoughts and prayers of the nation are with the people of France after the terror rampage that has left more than 120 people dead and countless others including an Australian wounded.
Emma Parkinson's family says the 19-year-old Tasmanian was shot at the Bataclan theatre in central Paris where four gunmen opened fire on concert-goers who had turned out to watch US band Eagles of Death Metal.
Ms Parkinson's family told the Nine Network the teenager was in hospital but her condition is unknown.
Foreign Minister Julie Bishop said earlier she was aware one Australian had been injured and the department was offering the injured person consular assistance.
Mr Turnbull, who is in Berlin, extended Australia's deep sympathies to the people of France on Saturday following the unprecedented wave of attacks.
"In France and Australia, all around the world, we stand shoulder to shoulder with the people of France and with all free peoples in the battle against terrorism," Mr Turnbull said.
The prime minister said he has spoken with Australian Federal Police and the Australian Security Intelligence Organisation, and they do not believe an increase in Australia's terror threat alert level is justified at this stage.
However, NSW Police Deputy Commissioner Catherine Burn said vigilance against local threats will probably be ramped up.
Security has been increased across Melbourne's public transport network and at a major fun run and the UFC fight at Etihad Stadium on Sunday to help ensure community calm.
Several thousand Australians were in Paris at the time of the attacks but none have been reported killed.
Those who remain have been advised to heed the advice of French authorities and remain indoors and wait out the situation.
The French government has declared a national state of emergency and closed its borders.
Australia has also joined countries around the world in holding vigils at major landmarks, with the sails of the Sydney Opera House lit in a blue, white and red show of solidarity.
A French flag is also flying over the Harbour Bridge, while a small group of Sydneysiders, including NSW Premier Mike Baird, attended a gathering in Martin Place on Saturday evening.
"Our hearts break with yours, Paris," Mr Baird earlier tweeted.
In Melbourne, the Arts Centre's spire and the National Gallery of Victoria - both on St Kilda Road - and the MCG have been illuminated in the colours of the French flag.
Brisbane's Story Bridge has also been lit in France's tricolours.
Governor-General Peter Cosgrove said Australians are appalled at the loss of so many innocent lives.
"Our two nations have a long history of standing together in times of crisis and we do so again today as we condemn, in the strongest possible terms, those who seek to interrupt our peaceful way of life," he said.
Labor deputy leader Tanya Plibersek believes the French government's response to the attacks will be "swift and strong" and says Australia will stand with the French.
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