Olympic swimming legend Dawn Fraser has been rushed to hospital after a serious fall at her Queensland home.

Her family told 9News they thought they were going to lose the 87-year-old.

She was rushed to hospital and admitted to intensive care after falling at her Noosa house on Wednesday, breaking four ribs and a hip.

Fraser has since been taken out of intensive care and is on the road to recovery, her daughter has told 9News.

Fraser won eight Olympic medals, six British Empire and Commonwealth gold medals and set 23 individual world records and 12 as part of a team.

She might be in her 80s but she is still mentoring up-and-coming young swimmers.

A few months ago she was poolside cheering on the Olympic swimming stars before they headed to Paris.

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