What a day for Australia, they were convincing winners of their fifth World Cup trophy. And that is where we will leave it... be sure to watch out for reaction throughout the day on theBBC Sport cricket pages. It's been a pleasure to have your company throughout the tournament. Be sure to check in with us when England tour West Indies in a fortnight. Until 13 April, it's goodbye from the cricket team.
- Australia win fifth World Cup
- Victory secured with 16.5 overs spare
- Captain Clarke 74 and Smith 56 not out
- Faulkner 3-36 & Johnson 3-30 in NZ's 183
- Starc bowled McCullum in first over
- Faulker man of match; Starc man of CWC
- 93,013 crowd in Melbourne; NZ won toss
BBC Radio 5 live
Former England pace bowler Steve Harmison on BBC Radio 5 live: "The big surprise for me was India - they didn't look confident going into the tournament but they came very close to winning it at the end. Whereas West Indies and England didn't turn up."
Former England pace bowler Steve Harmison on BBC Radio 5 live: "Australia have got strength in depth - if anything's wrong with Michael Clarke, George Bailey comes into the side and captains. If not, he doesn't play. Brad Haddin holds them all together and when the big occasion comes, he stands up to be counted. England would never dream of picking two players like Finch and Warner at the top of the order."
Former England one-day wicketkeeper Paul Nixon on BBC Radio 5 live: "Australia just bowled so straight, they gave no width. Geoff Boycott talks about the corridor of uncertainty but in one-day cricket you just want to free your arms, and we saw so many balls fly through second slip, gully or point. We thought England were in a good place until the last Ashes, but Australia have come back and got stronger and stronger. They're in a good place."
Former England pace bowler Steve Harmison on BBC Radio 5 live: "Batsmen aren't scared of pace any more. If you get it slightly off at pace, it's going to go to the boundary. Australia have won the tournament by bowling in the right place at the right time."
This is what the World Cup trophy looks like close up. Nice, isn't it?
Former England pace bowler Steve Harmison on BBC Radio 5 live: "At the start of the World Cup there were four powerhouses, they all got to the semi-finals, and probably the best team won it. Australia were rightly champions. Everyone asked if it would be power, sixes and fours and scoring 400, but in the end I thought the team who bowled the best would win the World Cup - that's why I went for South Africa. But the left-armers have been able to swing it at pace."
Former England one-day wicketkeeper Paul Nixon on BBC Radio 5 live: "As an Englishman you're always hoping for Australian to make a mistake. But I'm delighted for Darren Lehmann who's a top bloke and was a stalwart of county cricket. Australia attacked the new batsmen very well today and never gave them a sniff."
Australia 186-3 from 33.1 overs won by seven wickets
Not out batsmen: Smith 56, Watson 2
Fall of wickets: 2-1 (Finch 0), 63-2 (Warner 45), 175-3 (Clarke 74)
Bowling figures: Southee 8-0-65-0, Boult 10-0-40-1, Vettori 5-0-25-0, Henry 9.1-0-46-2, Anderson 1-0-7-0
New Zealand 183 (45 overs): Elliott 83, Johnson 3-30, Faulkner 3-36
NZ won toss
Listen to TMS commentary via the audio tab.Scorecard
Australia lost Aaron Finch for a duck, bowled by Trent Boult, but Michael Clarke ending his ODI career with a flourish and hitting 74 off 72 balls to see his side over the line. It was a procession in the end.
In case you're just joining us, Mitchell Starc took the roof off the MCG with a searing yorker which bowled Brendon McCullum for a duck in the first over of the game. Grant Elliott's 83 gave New Zealand hope of a decent total but they lost their last seven wickets for 33 runs. Ominously, Mitchell Johnson was on form from ball one - bowling fast and furious and picking up figures of 3-30.
More from Mitchell Starc: "I've worn my black armband every day of training and playing since it happened. He will never be forgotten and he's definitely part of this World Cup squad."
More from Mitchell Starc: "After the game in NZ, we knew we had to assess McCullum as we went. I got a plan going to bowl a decent yorker to him first up. I'm not sure how the first one missed, but the third one hit."
Player of the tournament Mitchell Starc: "It's nice to see bat dominate ball every now and again. There's been some big scores, but the whole tournament has been fantastic. We've worked really hard at our bowling. The whole bowling unit was awesome."
The Australian press conference is coming up. First we'll hear from Mitchell Starc and James Faulkner...
Mark Cohen: As is so often the case, a semi-final not the final was the best game but Australia played their best when it mattered most.
BBC Sport in Melbourne
"Brendon McCullum's press conference finishes with a round of applause. I've never seen that before."
New Zealand captain Brendon McCullum: "We've created memories and friendships that will last for the rest of our lives. It would have been nice to have won it, but I'm sure everyone will be proud of what we've been able to achieve."
Press conference gold...
Journalist: "Were you tentative in the first over?"
Brendon McCullum: "I ran down second ball, didn't I? Hadds asked me if I was still going to have a crack, I said 'too right I am'. I did try to block the one that got me out."
Brendon McCullum is still talking to the assembled media: "I don't think we're the finished product just yet, but we're heading in the right direction. We have a group prepared to buy into team plans and play an aggressive brand of cricket. We are starting to get there. It's hard when you've lost a final, but we're richer for the experience. We need to keep getting better, but we're going the right way about it.
"Starc was a bit too good for me today. He deserves the man of the tournament."
Mike Johnson: We might have to introduce a Handicap system: "And England won the toss! They will bat first with 200 on the board"...
Ex-England captain on BBC Test Match Special
What can England learn from Australia?
"They've got the structure right here in Australia. There's enough English players out there who play an exciting brand of cricket, but my worry is the pace of the bowlers. Even Bangladesh had two seamers bowling quicker than the England seamers. There's not a lot of mystery spin in England - but there's not a lot of mystery spin anywhere in the world as they're all in Cardiff having their actions tested!
"The pace element needs to arrive - the next World Cup is in England in 2019, and they've got four years to bring players into that side. Even take a backward step if you can bring some players in and get them used to it."
More from Brendon McCullum: "It's just cricket. You can't have any regrets. You got out and play it as well as you can but if the other team is better, you cop it sweet.
"We've lost two finals to them [also the 2009 Champions Trophy], but we're a lot different to back then. I don't put a great deal on losing finals, it's just a good thing that we're making them."
Here's more from New Zealand captain Brendon McCullum: "I thought it was a good toss to win. The pitch played OK, which you saw through Ross and Grant. They were able to swing the ball. If we bowled, they might have got 400. We thought runs on the board was the way to go and had we got 260, we might have had a different conversation now."
BBC Sport in Melbourne
"This press conference is so packed, journalists are identifying themselves by shouting fielding positions. 'Brendon, over here, wide mid-off'. 'Come catching' is a reply typical of McCullum."
BBC Test Match Special
"It was only three months or so ago that Michael Clarke was at an absolute emotional low after the tragic death of Phillip Hughes - he'd have liked to have hit the winning runs today, but it did give him the chance to walk off to an ovation."
New Zealand captain Brendon McCullum at the post-match news conference: "Clarke has been an outstanding cricketer for Australia, he deserves to bow out a WC winner. Congratulations to him.
"There may be guys who in our group who will retire. We'll let the dust settle, because this is about Australia. It's the right thing to allow them to bask in their glory.
"They were too good on the day. They put us under early pressure, we re-gathered, then they came again. They stepped up in the key moments. It was a convincing win. But maybe if we played them again tomorrow it would be a different story."
BBC Test Match Special
"This Australia team is up there with the other teams which have won World Cups - they're brilliant in the field, versatile, and have timed this run to victory like great racehorse trainers have trained their steeds to win Melbourne Cups.
"Steve Smith said earlier in the tournament that the aim was to be playing their best cricket in the last week, and that's what they've done. We've got two Mitch gunslingers in this team, it won't be Clarke leading the team any more but it's a mighty fine team."
Ryan Knight: Biggest let down of the World Cup was Dale Steyn...
Let's look at the stats that matter....
Most runs in the tournament: M Guptill (NZ) 547, K Sangakkara (SL) 541, AB de Villiers (SA) 482.
Highest scores: M Guptill 237 (NZ v WI), C Gayle 215 (WI v Zim), D Warner 178 (Aus v Afg).
Most wickets: M Starc (Aus) 22, T Boult (NZ) 22, Yadav (Ind) 18.
Best bowling: T Southee 7-33 (NZ v Eng), M Starc 6-28 (Aus v NZ), T Boult 5-27 (NZ v Aus)
Martin from Stoke: So World Cup over and I think it's been a poor one. Excitement isn't necessarily generated by big six hitting and double hundreds but by close matches and there have been precious few of those. Games involving Associate nations have been the highlight.
Dawn from Kings Lynn: Australia beat two of the best teams (India and New Zealand) on the way to win the World Cup. Thoroughly deserved.
The Australian players are now savouring a beer in the sanctuary of the changing rooms. There's three cool boxes stacked up. It could be a lively night.
I should also point you in the direction of the story we have done with ICC chief executive David Richardson, who has been speaking to Test Match Special.
Talking about the so-called minnow,he said: "We have to make sure we don't put associate members into tournaments just for window dressing. We must ensure Ireland and Afghanistan get more resources and play more full members on a more regular basis."
We're going to try and keep this live rolling while we wait for the post-match news conferences. Stick with us, folks.
Get it framed, lads. Get it above the fireplace. Savour it for all time.
Ilyas Najib: Been a long 6 weeks, my sleeping pattern is ruined, I have put weight on with late nights & junk food, but it was all worth it.