The 1997 Australian Grand Prix was a Formula One motor race held at the Albert Park Circuit in Melbourne on 9 March 1997. It was the first race of the 1997 Formula One World Championship.

The race was won by David Coulthard, driving a McLaren-Mercedes, after he started from fourth position. It was Coulthard's second F1 victory, and the first for the McLaren team since the 1993 Australian Grand Prix. German Michael Schumacher finished second in a Ferrari, with Coulthard's Finnish teammate Mika Häkkinen third. Canadian Jacques Villeneuve took pole position in his Williams-Renault but retired after a first-lap collision, while reigning World Champion Damon Hill, in his first race for the Arrows team, suffered a throttle failure on the formation lap and did not start.

This race marked the debuts of Ralf Schumacher, Jarno Trulli and Shinji Nakano; the entry of Bridgestone as a tyre supplier to compete with Goodyear; and the only appearance of the MasterCard Lola team, whose cars were over 11 seconds off Villeneuve's pole time and thus did not qualify.