England were all out for 403 at lunch after losing their last six wickets for just 35 runs, having won the toss and elected to bat.
Australia lead the series 2-0 and can regain the Ashes with victory at the WACA Ground, although heavy rain is forecast for the final two days.
Bairstow put a controversial few weeks behind him to notch his fourth Test century as part of a 237-run stand with Malan, whose maiden Test ton came to an end just before the interval.
Having come together with England under pressure at 131 for four shortly after lunch Thursday, the pair breathed life back into their team's Ashes defence.
Malan's wicket was the first to fall Friday, with his breakthrough innings finally came to an end when he was brilliantly caught by substitute fielder Peter Handscomb from the bowling of Nathan Lyon.
His departure for 140 had England at 368 for five, and signalled a sudden collapse for the tourists, with Moeen Ali lasting just two balls for his duck and Chris Woakes making just eight runs.
The wicketkeeper-batsman had responded to the challenge of being promoted to bat at six with his fourth Test century.
It was a welcome tonic for the 28-year-old, who has endured a controversial tour with a bizarre head-butt incident involving Australian opener Cameron Bancroft at a Perth bar, and a war of words with the home side, on and off the field.
The Australians dropped three chances on the opening day, but Handscomb and Pat Cummins both took brilliant catches on Friday.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
