56th GRAMMY Awards - Red Carpet
Iggy Azalea attends the 56th GRAMMY Awards at Staples CenterChristopher Polk / getty

Iggy Azalea is the newest addition to X-Factor Australia. The Australian-born rapper will be replacing Danii Minogue and admits that she wasn't sure if she should accept the new position.

Following her performance on Good Morning America Summer Concert series, the 26-year-old said to The Daily Telegraphy: "I really didn't picture myself being a judge on any kind of television show but I think that actually this could be a good fit for me so I said yes."

"Initially I didn't know but then I thought it would be good to come back to Australia and have an opportunity to spend some time there and obviously to see my family, who live in Sydney. So I think it will be a good situation for multiple reasons. I'm really excited and I don't really know what to expect."

Azalea has collaborated with some of the world's biggest artists including Ariana Grande, Britney Spears, Jennifer Lopez and Jennifer Hudson.

"I understand what it's like to have giant dreams and intend to help other young Australians achieve theirs by sharing my knowledge and developing their talent in collaboration with The X Factor," she said. The Fancy singer's second album, Digital Distortion, is also due for release later this year.

Warning: This video may contain explicit language.

Brad Lyons, Channel Seven's Director of Production, said: "Nobody knows what it takes to break through in today's industry better than her. With such international success at only 26, our contestants have the chance to be mentored by the best in the business."

Seven is an Australian TV network channel which airs the talent show. Seven has not yet set a date for The X Factor's eighth season to return, but it will likely be after the Olympics. Last year's judging panel featured Guy Sebastian, Chris Isaak, James Blunt and Minogue, but it's not clear who else will feature this year.

Minogue left X-Factor to focus on her musical career. The 44-year-old singer who originally joined in 2013, broke the news on Twitter in February. She tweeted: