On Wednesday, FIFA announced that the joint bid scored 4.1 points out of 5 and was “the most commercially favourable proposition” in comparison to that put forward by Japan and Colombia. This was based on a range of different measures, including stadiums, infrastructure and overall costs to run the tournament across 12 cities.
If successful, Australia and New Zealand will receive about $US75m ($107m) from the Government, which is estimated to set both countries back more than $150m.
The FIFA ruling council is expected to make their final decision on the host on June 25.
"I am delighted that we have scored so strongly in FIFA's Bid Evaluation Report," Football Federation Australia chairman Chris Nikou said.
"We are confident that our combination of technical excellence, record-breaking crowds, commercial certainty, a warm embrace from our 200 different cultures and genuine impact across the region where the legacies will be profound will prove a compelling offer to FIFA and its confederations."
Johanna Wood, New Zealand Football president, added that the combined bid would make the football world proud.
"We will place the interests of the greatest female footballers in the world at the centre of everything we do, to deliver a World Cup the global football family can be proud of," she said.
"Australia-New Zealand offers FIFA a unique opportunity to move the dial for women's football."