The All Blacks beat the Wallabies by 27-19 in Sydney, in the first Bledisloe Cup clash of the year on Saturday night. New Zealand led 18-10 at halftime.
Scorers for New Zealand were Israel Dagg and Cory Jane in the first half before Nathan Sharpe responded for the Wallabies.
Referee Alain Rolland awarded 28 penalties and Dan Carter kicked 17 points.
All Blacks captain Richie McCaw says it was a classic trans-Tasman fixture.
Wallabies coach Robbie Deans says his side played too much rugby in their own half.
The next match is in Auckland next weekend.