Like the Octavia, the Rapid is a liftback design with a boot, again, just a bit smaller at 530 litres against the bigger car's 560 litres.
The next Octavia, due in the second half of 2013, is expected to be larger than the current model, better defining the gap between the new midsizer and the coming Rapid.
In Australia, the Rapid will be available with two petrol engines, a 77kW 1.2 litre TSI and a 90kW 1.4 TSI.
At this stage, no diesel option has been confirmed. There is also no word on transmissions, although the ubiquitous DSG twin-clutch is a sure bet.
ABS and ESC are standard and the occupants are protected by front, side and head airbags.
In August Skoda sold its 10,000th car since the brand's debut in 2007.
The Rapid is expected to be launched in Australia in the first quarter of 2013.