March 8, 1998 Albert Park | Lap distance 5.303 km
Photos (4) | Championship standings | 1998 season
| Pos | Points | No | Driver | Car | Engine | Tyres | Laps | Race Time | Delay | Qualifying | Fastest Lap | |||
| 1 | 10 | 8 | Mika Häkkinen (FIN) | McLaren MP4-13 | Mercedes FO110G | Bridgestone | 58 | 1:31'45.996 | 1 | 1'30.010 | 1 | 1'31.649 | (39) | |
| 2 | 6 | 7 | David Coulthard (GBR) | McLaren MP4-13 | Mercedes FO110G | Bridgestone | 58 | 1:31'46.698 | +0.702 | 2 | 1'30.053 | 2 | 1'32.356 | (23) |
| 3 | 4 | 2 | Heinz-Harald Frentzen (GER) | Williams FW20 | Mecachrome GC37-01 | Goodyear | 57 | 1:31'54.664 | +1 lap | 6 | 1'31.397 | 3 | 1'33.554 | (32) |
| 4 | 3 | 4 | Eddie Irvine (GBR) | Ferrari F300 | Ferrari 047 | Goodyear | 57 | 1:31'55.743 | +1 lap | 8 | 1'31.767 | 4 | 1'33.790 | (32) |
| 5 | 2 | 1 | Jacques Villeneuve (CAN) | Williams FW20 | Mecachrome GC37-01 | Goodyear | 57 | 1:32'30.546 | +1 lap | 4 | 1'30.919 | 12 | 1'35.661 | (53) |
| 6 | 1 | 15 | Johnny Herbert (GBR) | Sauber C17 | Petronas SPE 01D | Goodyear | 57 | 1:32'30.970 | +1 lap | 5 | 1'31.384 | 11 | 1'35.624 | (23) |
| 7 | 6 | Alex Wurz (AUT) | Benetton B198 | Playlife GC37-01 | Bridgestone | 57 | 1:32'33.611 | +1 lap | 11 | 1'32.726 | 8 | 1'34.738 | (55) | |
| 8 | 9 | Damon Hill (GBR) | Jordan 198 | Mugen-Honda MF-301HA | Goodyear | 57 | 1:32'34.894 | +1 lap | 10 | 1'32.399 | 5 | 1'34.196 | (56) | |
| 9 | 11 | Olivier Panis (FRA) | Prost AP01 | Peugeot A16 | Bridgestone | 57 | 1:32'52.446 | +1 lap | 21 | 1'35.215 | 6 | 1'34.319 | (55) | |
| Retirement | ||||||||||||||
| broken wing | 5 | Giancarlo Fisichella (ITA) | Benetton B198 | Playlife GC37-01 | Bridgestone | 43 | 1:09'59.474 | 7 | 1'31.733 | 6 | 1'34.319 | (40) | ||
| engine | 14 | Jean Alesi (FRA) | Sauber C17 | Petronas SPE 01D | Goodyear | 41 | 1:07'01.687 | 12 | 1'33.240 | 9 | 1'34.878 | (27) | ||
| gearbox | 12 | Jarno Trulli (ITA) | Prost AP01 | Peugeot A16 | Bridgestone | 26 | 42'09.935 | 15 | 1'33.739 | 10 | 1'34.885 | (24) | ||
| gearbox | 20 | Ricardo Rosset (BRA) | Tyrrell 026 | Ford Zetec-R | Goodyear | 25 | 45'46.498 | 19 | 1'35.119 | 16 | 1'38.116 | (20) | ||
| gearbox | 17 | Mika Salo (FIN) | Arrows A19 | Arrows V10 | Bridgestone | 23 | 37'53.018 | 16 | 1'33.927 | 14 | 1'36.032 | (17) | ||
| engine | 23 | Esteban Tuero (ARG) | Minardi M198 | Ford Zetec-R | Bridgestone | 22 | 37'30.399 | 17 | 1'34.646 | 15 | 1'36.475 | (20) | ||
| halfshaft | 22 | Shinji Nakano (JPN) | Minardi M198 | Ford Zetec-R | Bridgestone | 8 | 15'14.322 | 22 | 1'35.301 | 17 | 1'39.676 | (2) | ||
| engine | 3 | Michael Schumacher (GER) | Ferrari F300 | Ferrari 047 | Goodyear | 5 | 8'11.355 | 3 | 1'30.767 | 13 | 1'35.774 | (2) | ||
| gearbox | 16 | Pedro Diniz (BRA) | Arrows A19 | Arrows V10 | Bridgestone | 2 | 3'36.184 | 20 | 1'35.140 | 18 | 1'39.916 | (2) | ||
| collision | 10 | Ralf Schumacher (GER) | Jordan 198 | Mugen-Honda MF-301HA | Goodyear | 1 | 1'50.966 | 9 | 1'32.392 | |||||
| collision | 19 | Jan Magnussen (DEN) | Stewart SF2 | Ford Zetec-R | Bridgestone | 1 | 1'52.353 | 18 | 1'34.906 | |||||
| spun off | 21 | Toranosuke Takagi (JPN) | Tyrrell 026 | Ford Zetec-R | Goodyear | 1 | 1'53.124 | 13 | 1'33.291 | |||||
| gearbox | 18 | Rubens Barrichello (BRA) | Stewart SF2 | Ford Zetec-R | Bridgestone | 0 | 14 | 1'33.383 | ||||||
