At 19 years, 10 months and 18 days, Toro Rosso driver Kvyat set the record as the youngest-ever driver in the points, eclipsing the mark set by Vettel at the U.S. Grand Prix in 2007, and the Russian could scarcely believe it.
"I never expected to score a point in my first race, so it feels amazing," Kvyat said. "It's a real boost for us and now we have to keep on working hard, and if we keep on the way we are going then we can look forward to a really positive season."
The 21-year-old Magnussen became the second-youngest driver to finish on a podium, and matched the performance of one of his McLaren predecessors in Lewis Hamilton by doing so on debut in Melbourne.
It was an early repayment of the faith McLaren has shown in his talent, moving Sergio Perez aside after just one season and installing the young Dane, who becomes the first driver from that country to finish on an F1 podium.
Red Bull's Daniel Ricciardo finished second to also record his first career podium finish - his previous best was a seventh in China last year - and do so while four-time world champion teammate Sebastian Vettel was watching from the garage after an early-race engine failure.
Australian GP: Talented youngsters shine in F1 2014 season opener
Advertisement