England were 38-32 down with only 15 minutes remaining before Helen Housby scored the final goal in the dying seconds.
The two sides now face an intense rematch today, with one team claiming the title.
When is the final?
The final of the Netball Quad Series between England Vitality Roses and the Australian Diamonds will take place on Wednesday evening (19th January) at 7:30pm.
The two teams will take to the court at the Copper Box Arena in Hackey, London.
How to watch on TV
The Netball Quad Series coverage begins at 5:15pm on Sky Sports Arena as New Zealand and South Africa contest the third and fourth-place play-off.
Coverage for the final follows, starting at 7:15pm until 9:15pm.
The final will also be shown live on the Sky Sports YouTube channel.