Five-star Hazlewood dampens New Zealand's milestone celebrations

Josh Hazlewood took a five-wicket haul to skittle New Zealand for 162 as Australia held the whip hand at the end of day one of the second test in Christchurch on Friday.

Australia, who won the toss and elected to field, were 124 for four at stumps at Hagley Oval, with Marnus Labuschagne 45 not out and nightwatchman Nathan Lyon on one run, having whittled New Zealand's lead to 38 runs.

Hazlewood's long-time pace comrade Mitchell Starc took three wickets to move past Dennis Lillee's 355 victims and be fourth on Australia's all-time bowling list, behind only Shane Warne (708), Glenn McGrath (563) and team mate Lyon (527).

New Zealand paceman Matt Henry capped a manic day on which 14 wickets fell by taking 3-39 to give the hosts some hope of mitigating the damage wrought earlier.

"I think the way we started off the ball ... we could create some pressure from both ends," Henry said.

"Taking wickets is key out here .... Obviously tomorrow morning's going to be a big start for us and hopefully we can bowl well."

New Zealand captain Tim Southee and Kane Williamson marked their 100th tests, enjoying a warm ovation from the sell-out crowd on a glorious morning - but Australia's bowlers soon muted the celebrations.

Hazlewood trapped Williamson lbw for 17 and proved a constant menace with his suffocating line and length after openers Tom Latham and Will Young survived the first hour with wickets intact.

Left-arm swing merchant Starc got the ball rolling for Australia by having Young caught for 14 straight after the morning drinks break, with Mitchell Marsh diving to his left to take a brilliant low catch and break the 47-run partnership.

Hazlewood then struck twice before lunch, having Latham caught behind for 38 and twitchy number four