The 1948 Grand Final between Melbourne and Essendon, held at the Melbourne Cricket Ground on 2 October 1948, was a drawn match: Melbourne 10.9 (69) to Essendon 7.27 (69).
Melbourne defeated Essendon 13.11 (89) to Essendon 7.8 (50), in the Grand Final Replay that was held at the Melbourne Cricket Ground on 9 October 1948, in front of 52,226 people.