Ash Barty has been named Young Australian of the Year during a glittering ceremony in Canberra, while the tennis superstar is in Melbourne fighting to win the Australian Open.

The 23-year-old from Ipswich, Queensland, who was informed she had beaten seven other finalists to the title shortly before the official announcement on Saturday night, received the honour for her "inspiring" sporting achievements and grace under fire.

Tennis star Ash Barty is this year's Young Australian of the Year. Credit:AAP

"Everyone has a unique journey to achieve their goals," Barty said in a prerecorded message.

"I've taken my own path, and I encourage you to take your own path and do things your own way. Follow your dreams, work hard, and remember to enjoy yourself along the way."