The Australian Grand Prix had been the season opener since 1996, but this race was held later due to the 2006 Commonwealth Games being held in Melbourne at the time of the opening round. The season was instead opened in Bahrain. Australia regained its first round slot of the season for 2007.
| Pos | Nat | Name | Constructor | Part 3 | Part 2 | Part 1 |
|---|---|---|---|---|---|---|
| 1 | Jenson Button | Honda | 1:25.229 | 1:26.337 | 1:28.081 | |
| 2 | Giancarlo Fisichella | Renault | 1:25.635 | 1:26.196 | 1:27.765 | |
| 3 | Fernando Alonso | Renault | 1:25.778 | 1:25.729 | 1:28.569 | |
| 4 | Kimi Räikkönen | McLaren-Mercedes | 1:25.822 | 1:26.161 | 1:27.193 | |
| 5 | Juan Pablo Montoya | McLaren-Mercedes | 1:25.976 | 1:25.902 | 1:27.079 | |
| 6 | Ralf Schumacher | Toyota | 1:26.612 | 1:26.596 | 1:28.007 | |
| 7 | Mark Webber | Williams-Cosworth | 1:26.937 | 1:26.075 | 1:27.669 | |
| 8 | Nick Heidfeld | BMW Sauber | 1:27.579 | 1:26.014 | 1:27.796 | |
| 9* | Jacques Villeneuve | BMW Sauber | 1:29.239 | 1:26.714 | 1:28.460 | |
| 10 | Jarno Trulli | Toyota | no time | 1:26.327 | 1:27.748 | |
| 11 | Michael Schumacher | Ferrari | 1:26.718 | 1:28.228 | ||
| 12 | David Coulthard | Red Bull-Ferrari | 1:27.023 | 1:28.408 | ||
| 13 | Vitantonio Liuzzi | Toro Rosso-Cosworth | 1:27.219 | 1:28.999 | ||
| 14 | Christian Klien | Red Bull-Ferrari | 1:27.591 | 1:28.757 | ||
| 15 | Nico Rosberg | Williams-Cosworth | 1:29.422 | 1:28.351 | ||
| 16 | Felipe Massa | Ferrari | no time | 1:28.868 | ||
| 17 | Rubens Barrichello | Honda | 1:29.943 | |||
| 18 | Christijan Albers | MF1-Toyota | 1:30.226 | |||
| 19 | Scott Speed | Toro Rosso-Cosworth | 1:30.426 | |||
| 20 | Tiago Monteiro | MF1-Toyota | 1:30.709 | |||
| 21 | Takuma Sato | Super Aguri-Honda | 1:32.279 | |||
| 22 | Yuji Ide | Super Aguri-Honda | 1:36.164 |
As in 2002, the race had a first-lap accident. Christian Klien pushed Rosberg, who was unable to avoid running into Massa. Massa stroked the walls on Jones corner and blew his engine, while Rosberg returned to the pits without the rear wing. Klien continued the race unharmed, but after this incident, his team mate touched Trulli and stalled him in Marina. Fortunately for the veteran RBR driver he could continue.
These incidents called the Safety Car on the very first lap. Fisichella spun but continued, again in the Jones corner. Alonso passed Button when the SC was recalled two laps later, in the start/finish straight.
On the third lap, Christian Klien had some problem with his suspension and crashed the barriers near Clark Chicane, and destroyed his car. Klien went out walking, happily. This crash had left many pieces of rubbish on the track, and the Safety Car went out again to help the stewards clean the zone. When the race continued, Räikkönen attacked Button and gained his place. Montoya tried that as well, though unsuccessful for many laps.
Vitantonio Liuzzi made an exciting pass on Michael Schumacher, by the Sports Centre turn.
The race continued uneventful for another 10 laps when pit stops began with Montoya, Button and Trulli. Fernando and Räikkönen stopped, giving Mark Webber the lead of his home Grand Prix. A gearbox failure then eliminated him.
Another uneventful stint was run until lap 32 when Montoya touched the grass in the Prost turn, but managed to return to the track. Michael Schumacher also had the same grass cross, although the German champion could not make it back and stroke the barriers. He himself said that his car was not easy to drive, and that the tires were not warm enough. This incident called the Safety Car for the third time. Many drivers used this SC situation to go to pits. Räikkönen entered just before Montoya, making a queue. Thankfully for the Woking Team there was not much delay.
On lap 35 the Safety Car was off and the race restarted. Alonso had a strategy to give an enormous gap with the SC and slow down the cars behind, and then blasted off and leave Räikkönen and Heidfeld with the trouble of Albers, creating a 3-second gap between the two leading cars.
The 36th lap called the Safety Car once again. Vitantonio Liuzzi had jumped to the grass, crossed the road, bumped the left barrier, crossed the road again and stroke the right barrier near Whiteford, leaving his car completely destroyed. The race restarted on lap 40, and Fernando did exactly the same thing and got a little advantage from Räikkönen. After the incident Liuzzi blamed Villeneuve, saying that the Canadian had screwed up one of his best races.
Lap 39 brought another incident to the race. Tiago Monteiro abandoned due to a mechanical problem. Lap 46 took Montoya out of the race as he crossed the blue and white band in the curve where Schumacher had had his accident. This produced an electrical problem, making him abandon.
The Australian Grand Prix was not free of incidents in the last laps. On the very final lap (almost finishing), Jenson Button blew his engine, stalling the car about 10 metres from the finish line.
Alonso wrapped up his tenth career victory, while Räikkönen grabbed the second place on the podium and Ralf Schumacher scored what proved to be the sole podium for Toyota in the season.
From :
| Pos | No | Driver | Constructor | Laps | Time/Retired | Grid | Points |
|---|---|---|---|---|---|---|---|
| 1 | 1 | Fernando Alonso | Renault | 57 | 1:34:27.870 | 3 | 10 |
| 2 | 3 | Kimi Räikkönen | McLaren-Mercedes | 57 | +1.8 secs | 4 | 8 |
| 3 | 7 | Ralf Schumacher | Toyota | 57 | +24.8 secs | 6 | 6 |
| 4 | 16 | Nick Heidfeld | BMW Sauber | 57 | +31.0 secs | 8 | 5 |
| 5 | 2 | Giancarlo Fisichella | Renault | 57 | +38.1 secs | 2 | 4 |
| 6 | 17 | Jacques Villeneuve | BMW Sauber | 57 | +49.5 secs | 19 | 3 |
| 7 | 11 | Rubens Barrichello | Honda | 57 | +51.9 secs | 16 | 2 |
| 8 | 14 | David Coulthard | Red Bull-Ferrari | 57 | +53.9 secs | 11 | 1 |
| 9 | 21 | Scott Speed¹ | Toro Rosso-Cosworth | 57 | +78.8 secs | 18 | |
| 10 | 12 | Jenson Button² | Honda | 56 | +1 lap | 1 | |
| 11 | 19 | Christijan Albers | MF1-Toyota | 56 | +1 lap | 17 | |
| 12 | 22 | Takuma Sato | Super Aguri-Honda | 55 | +2 laps | 21 | |
| 13 | 23 | Yuji Ide | Super Aguri-Honda | 54 | +3 laps | 22 | |
| Ret | 4 | Juan Pablo Montoya | McLaren-Mercedes | 46 | Electrical | 5 | |
| Ret | 18 | Tiago Monteiro | MF1-Toyota | 39 | Mechanical | 20 | |
| Ret | 20 | Vitantonio Liuzzi | Toro Rosso-Cosworth | 37 | Accident | 12 | |
| Ret | 5 | Michael Schumacher | Ferrari | 32 | Accident | 10 | |
| Ret | 9 | Mark Webber | Williams-Cosworth | 22 | Transmission | 7 | |
| Ret | 15 | Christian Klien | Red Bull-Ferrari | 4 | Accident | 13 | |
| Ret | 8 | Jarno Trulli | Toyota | 0 | Accident | 9 | |
| Ret | 10 | Nico Rosberg | Williams-Cosworth | 0 | Accident Damage | 14 | |
| Ret | 6 | Felipe Massa | Ferrari | 0 | Accident | 15 |
| Pos | Driver | Points |
|---|---|---|
| 1 | Fernando Alonso | 28 |
| 2 | Giancarlo Fisichella | 14 |
| 3 | Kimi Räikkönen | 14 |
| 4 | Michael Schumacher | 11 |
| 5 | Jenson Button | 11 |
| Pos | Constructor | Points |
|---|---|---|
| 1 | Renault | 42 |
| 2 | McLaren–Mercedes | 23 |
| 3 | Ferrari | 15 |
| 4 | Honda | 13 |
| 5 | BMW Sauber | 10 |