Damon Hill won the Australian Grand Prix 1995 at Adelaide Street Circuit on 12 November 1995, starting from pole position. Olivier Panis finished second for Ligier, with Gianni Morbidelli completing the podium for Footwork.
| Pos | Grid | Driver | Team | Laps | Time / Status | Pts | FL |
|---|---|---|---|---|---|---|---|
| 1 | 1 | Damon HillHIL | Williams | 81 | 1:49:15.946 | 10 | |
| 2 | 12 | Olivier PanisPAN | Ligier | 79 | +2 Laps | 6 | |
| 3 | 13 | Gianni MorbidelliMOR | Footwork | 79 | +2 Laps | 4 | |
| 4 | 10 | Mark BlundellBLU | McLaren | 79 | +2 Laps | 3 | |
| 5 | 14 | Mika SaloSAL | Tyrrell | 78 | +3 Laps | 2 | |
| 6 | 17 | Pedro LamyLAM | Minardi | 78 | +3 Laps | 1 | |
| 7 | 21 | Pedro DinizDIN | Forti | 77 | +4 Laps | 0 | |
| 8 | 23 | Bertrand GachotGAC | Pacific | 76 | +5 Laps | 0 | |
| R | 16 | Ukyo KatayamaKAT | Tyrrell | 70 | Engine | 0 | |
| R | 8 | Johnny HerbertHER | Benetton | 69 | Transmission | 0 | |
| R | 9 | Eddie IrvineIRV | Jordan | 62 | Engine | 0 | |
| R | 6 | Heinz-Harald FrentzenFRE | Sauber | 39 | Gearbox | 0 | |
| R | 4 | Gerhard BergerBER | Ferrari | 34 | Engine | 0 | |
| R | 11 | Martin BrundleBRU | Ligier | 29 | Spun off | 0 | |
| R | 3 | Michael SchumacherMSC | Benetton | 25 | Collision | 0 | |
| R | 5 | Jean AlesiALE | Ferrari | 23 | Collision | 0 | |
| R | 20 | Roberto MorenoMOR | Forti | 21 | Spun off | 0 | |
| R | 7 | Rubens BarrichelloBAR | Jordan | 20 | Spun off | 0 | |
| R | 2 | David CoulthardCOU | Williams | 19 | Accident | 0 | |
| R | 19 | Taki InoueINO | Footwork | 15 | Spun off | 0 | |
| R | 18 | Karl WendlingerWEN | Sauber | 8 | Physical | 0 | |
| R | 22 | Andrea MonterminiMON | Pacific | 2 | Gearbox | 0 | |
| W | 15 | Luca BadoerBAD | Minardi | 0 | Electrical | 0 | |
| W | 24 | Mika HäkkinenHKK | McLaren | 0 | Injured | 0 |
| Pos | Driver | Team | Q1 | Q2 | Q3 |
|---|---|---|---|---|---|
| 1 | Damon Hill | Williams | - | - | - |
| 2 | David Coulthard | Williams | - | - | - |
| 3 | Michael Schumacher | Benetton | - | - | - |
| 4 | Gerhard Berger | Ferrari | - | - | - |
| 5 | Jean Alesi | Ferrari | - | - | - |
| 6 | Heinz-Harald Frentzen | Sauber | - | - | - |
| 7 | Rubens Barrichello | Jordan | - | - | - |
| 8 | Johnny Herbert | Benetton | - | - | - |
| 9 | Eddie Irvine | Jordan | - | - | - |
| 10 | Mark Blundell | McLaren | - | - | - |
| 11 | Martin Brundle | Ligier | - | - | - |
| 12 | Olivier Panis | Ligier | - | - | - |
| 13 | Gianni Morbidelli | Footwork | - | - | - |
| 14 | Mika Salo | Tyrrell | - | - | - |
| 15 | Luca Badoer | Minardi | - | - | - |
| 16 | Ukyo Katayama | Tyrrell | - | - | - |
| 17 | Pedro Lamy | Minardi | - | - | - |
| 18 | Karl Wendlinger | Sauber | - | - | - |
| 19 | Taki Inoue | Footwork | - | - | - |
| 20 | Roberto Moreno | Forti | - | - | - |
| 21 | Pedro Diniz | Forti | - | - | - |
| 22 | Andrea Montermini | Pacific | - | - | - |
| 23 | Bertrand Gachot | Pacific | - | - | - |
| 24 | Mika Häkkinen | McLaren | - | - | - |