Australian GP, Melbourne
Winner 1998: Mika H�kkinen, Totale tijd: 1u 31:45.996 (210.737 Km/u)
Pole position 1998: Mika H�kkinen, 1:30.010 (212.056 Km/u)
Fastest lap in 1998: Mika H�kkinen, 1:31.649
Grand Prix times
| Pos | Name | Team | Time |
| 1 | Eddie Irvine | Scuderia Ferrari | 1h35m01.659s |
| 2 | Heinz-Harald Frentzen | Jordan Mugen Honda | + 1.026s |
| 3 | Ralf Schumacher | Williams Supertec | + 7.012s |
| 4 | G. Fisichella | Benetton Supertec | + 33.418s |
| 5 | Rubens Barichello | Stewart Ford Zetec-R | + 54.697s |
| 6 | Pedro de la Rosa | TWR-Arrows | + 1m24.316s |
| 7 | Toranosuke Takagi | TWR Arrows | + 1m26.228s |
| 8 | Michael Schumacher | Scuderia Ferrari | + 1 lap |
| - | Not classified | - | - | 9 | Ricardo Zonta | British American Racing | + 9 laps |
| 10 | Luca Badoer | Minardi Ford-Cosworth | + 15 laps |
| 11 | Alexander Wurz | Benetton Supertec | + 29 laps |
| 12 | Pedro Diniz | Sauber Petronas | + 30 laps |
| 13 | Marc Gene | Minardi Ford-Cosworth | + 32 laps |
| 14 | Jarno Trulli | Prost Peugeot | + 32 laps |
| 15 | Olivier Panis | Prost Peugeot | + 34 laps |
| 16 | Mika H�kkinen | Mclaren Mercedes-Benz | + 36 laps |
| 17 | Alexandro Zanardi | Williams Supertec | + 37 laps |
| 18 | David Coulthard | Mclaren Mercedes-Benz | + 44 laps |
| 19 | Jacques Villeneuve | British American Racing | + 44 laps |
| 20 | Damon Hill | Jordan Mugen Honda | + 57 laps |
| 21 | Jean Alesi | Sauber Petronas | + 57 laps |
| 22 | Johnny Herbert | Stewart Ford Zetec-R | + 57 laps |