The Socceroos needed to beat the Peruvians, and also have Denmark lose to France, to have a chance of progressing to the knockout stage.
However, goals to Andre Carillo before half-time, and Captain Paolo Guerrero after it, extinguished Australia's chances, and consigned them to finish win less at the bottom of group C.
Both France and Denmark advance to the knockout stages from this group after finishing the game drew nil-all.
Tonight Korea republic is chasing a slim chance to go to the next round.
In spite of two losses, Korean hopes of reaching the round of 16 are still alive but only if Mexico beat Sweden tonight.
SBS Korean program's Russia World Cup panel in Sydney, Jun Lee and Bryant Yoon analyses the Australia v Peru match.
The panel also shares their analysis and prediction about the match Korea v Germany.
The full World Cup Panel discussion is available on the podcast above.
Upcoming Live Match Broadcast Schedule
WEDNESDAY 27 JUNE – previously unconfirmed
Korea Republic v Germany LIVE from 11pm on SBS (kick-off 12am) NEW
Mexico v Sweden LIVE from 11.30pm on VICELAND (kick-off 12am) NEW
THURSDAY 28 JUNE – previously unconfirmed
Serbia v Brazil LIVE from 3am on SBS (kick-off 4am) NEW
Switzerland v Costa Rica LIVE from 3.30am on SBS VICELAND (kick-off 4am) NEW
