Australia pace bowlers Ryan Harris and Mitchell Johnson share the award on the final day of the series.
England have been tormented by Australia's seam attack during a humiliating 5-0 Ashes whitewash, an attack led by Johnson with outstanding suport from Harris.
Johnson was awarded the Compton-Miller medal as Man of the Series after taking 37 wickets at an average of just under 14 apiece.
His ferocious pace again played an integral part in Australia's victory in Sydney, but it was no one man show and his fellow seamer Harris won the Man of the Match award after taking 5-25 as England were skittled for 166 on Sunday.
Johnson's revival has been remarkable, as he emerged from a figure of ridicule for England's travelling Barmy Army into a bowler who struck fear into the touring batsmen.
It was his intervention after tea on Sunday that turned day three into another humiliating rout for the tourists, Johnson dismissing opener Michael Carberry for 43 and Gary Ballance three balls later in the first over.
"Mitchell's bowled a couple of spells in this series that are without doubt as good a spells as I've seen in my career," said Australia skipper Michael Clarke.
"And I've been lucky enough to play with Glenn McGrath, Jason Gillespie, Brett Lee and Shane Warne."
But Harris has also managed to transform his career in just six months.
He has finished with 22 wickets in the series, and after missing the first Test at Trent Bridge last summer, in the twilight of his career and with a history of knee problems, he has played in nine successive Ashes Tests taking 46 wickets.