Albert Park Grand Prix Circuit · 8 March 1998
Mika Häkkinen won the 1998 Australian Grand Prix for McLaren from 1st on the grid, 0.702s ahead of David Coulthard. Olivier Panis gained the most places, from 21st on the grid to 9th.
| Pos | Team | Points Breakdown | Pts | |
|---|---|---|---|---|
| 1 | McLaren Häkkinen 10 + Coulthard 6 | Häkkinen 10 + Coulthard 6 | 16 | |
| 2 | Williams Frentzen 4 + Villeneuve 2 | Frentzen 4 + Villeneuve 2 | 6 | |
| 3 | Ferrari Irvine 3 + Schumacher 0 | Irvine 3 + Schumacher 0 | 3 | |
| 4 | Sauber Herbert 1 + Alesi 0 | Herbert 1 + Alesi 0 | 1 | |
| 5 | Benetton Wurz 0 + Fisichella 0 | Wurz 0 + Fisichella 0 | 0 | |
| 6 | Jordan Hill 0 + Schumacher 0 | Hill 0 + Schumacher 0 | 0 | |
| 7 | Prost Panis 0 + Trulli 0 | Panis 0 + Trulli 0 | 0 | |
| 8 | Tyrrell Rosset 0 + Takagi 0 | Rosset 0 + Takagi 0 | 0 | |
| 9 | Arrows Salo 0 + Diniz 0 | Salo 0 + Diniz 0 | 0 | |
| 10 | Minardi Tuero 0 + Nakano 0 | Tuero 0 + Nakano 0 | 0 | |
| 11 | Stewart Magnussen 0 + Barrichello 0 | Magnussen 0 + Barrichello 0 | 0 |
| Pos | Driver | Team | Race time / Gap | Laps | Stops | Pts | |
|---|---|---|---|---|---|---|---|
| 1 | Mika Häkkinen McLaren | McLaren | 1:31 | 58 | — | 10 | |
| 2 | David Coulthard McLaren | McLaren | +0.702s | 58 | — | 6 | |
| 3 | Heinz-Harald Frentzen Williams | Williams | +1 Lap | 57 | — | 4 | |
| 4 | Eddie Irvine Ferrari | Ferrari | +1 Lap | 57 | — | 3 | |
| 5 | Jacques Villeneuve Williams | Williams | +1 Lap | 57 | — | 2 | |
| 6 | Johnny Herbert Sauber | Sauber | +1 Lap | 57 | — | 1 | |
| 7 | Alexander Wurz Benetton | Benetton | +1 Lap | 57 | — | — | |
| 8 | Damon Hill Jordan | Jordan | +1 Lap | 57 | — | — | |
| 9 | Olivier Panis Prost | Prost | +1 Lap | 57 | — | — | |
| DNF | Giancarlo Fisichella Benetton | Benetton | DNF Broken wing | 43 | — | — | |
| DNF | Jean Alesi Sauber | Sauber | DNF Engine | 41 | — | — | |
| DNF | Jarno Trulli Prost | Prost | DNF Gearbox | 26 | — | — | |
| DNF | Ricardo Rosset Tyrrell | Tyrrell | DNF Gearbox | 25 | — | — | |
| DNF | Mika Salo Arrows | Arrows | DNF Gearbox | 23 | — | — | |
| DNF | Esteban Tuero Minardi | Minardi | DNF Engine | 22 | — | — | |
| DNF | Shinji Nakano Minardi | Minardi | DNF Halfshaft | 8 | — | — | |
| DNF | Michael Schumacher Ferrari | Ferrari | DNF Engine | 5 | — | — | |
| DNF | Pedro Diniz Arrows | Arrows | DNF Gearbox | 2 | — | — | |
| DNF | Ralf Schumacher Jordan | Jordan | DNF Collision | 1 | — | — | |
| DNF | Jan Magnussen Stewart | Stewart | DNF Collision | 1 | — | — | |
| DNF | Toranosuke Takagi Tyrrell | Tyrrell | DNF Spun off | 1 | — | — | |
| DNF | Rubens Barrichello Stewart | Stewart | DNF Gearbox | 0 | — | — |