This is the 28th time that the Aussies have set a 500-plus target in Test matches, of which they have won 26 times and drew once.
In the 138-year of Test cricket, the highest successful chase still remains West Indies` 418 for seven against Australia at St John`s in May 2003.
With the probability of winning the match already out of question, England need to bat out a minimum of 155 overs in five sessions. But only eight sides have survived for more than 150 overs to draw a match, Zee News reported.
Australia rode into brilliant batting displays from Chris Rogers and Steve Smith to score 566 runs in the first innings and then 254 in the second innings, both ending with declarations.
In response, England have managed 312 runs in the first innings.