First the bad news, Toyota has no plans to put this striking 86 Shooting Brake concept into production.

But the good news is the Shooting Brake showcases Toyota's Australian design team to the world. The concept was a "passion project" of Toyota Australia's chief designer Nick Hogios and his Melbourne-based team.

"Designers are always thinking beyond their current project – our creative minds are always wandering," Hogios said.

"Many of us drive the 86, including myself, and we wanted to explore ways to expand its appeal while retaining the purity of the coupe."

Toyota 86 Shooting Brake concept. Photo: Supplied

The concept car was revealed in Canberra today ahead of the third Festival of 86 this weekend. It was after the first Festival of 86 that the man credited as the father of the 86, Tetsuya Tada saw Hogios' and his team's initial Shooting Brake sketches.

"I was totally surprised – and I liked it so much I arranged for my expert takumi prototype craftsmen to hand-build the Shooting Brake concept based on the Australian design," Tada explained.

"The concept car is a fully functional, driveable vehicle that has been put through its paces on Toyota test tracks.

"The nicely weighted and direct steering of the 86 ensures the car retains the involving drive experience of the coupe with a slightly more neutral feel in tight corners on a driver's favourite road."

However, while it may be a full functional prototype Toyota is adamant that the Shooting Brake will go the same way as the previously-unveiled Convertible concept and remain a design study only.