Australia's timing through the midfield was off, and they struggled to get in behind the Kiwi defence, but they slowly worked their way back into the match through the second quarter.
Striker Trent Mitton's pace and creativity continued to trouble the New Zealand defence, and his combination with Josh Pollard came close to securing the equaliser five minutes into the third quarter.
Strong defensive midfield pressure continued to generate turnover ball for the Australians into the final 15 minutes but it was the Kiwis who found the net two minutes into the last quarter.
Harry Miskimmin fired a searching ball from out wide into the circle, finding Sam Lane momentarily unmarked and the 19-year-old striker slammed home a powerful reverse shot to double New Zealand's lead.
It took barely a minute for the Kookaburras to reduce the deficit, Jeremy Hayward finally finding the mark with a stinging drag-flick from yet another penalty corner.
The final five minutes were a hectic blur for the Kiwis as Australia pulled their keeper in favour of an extra man up front, pressuring without success right to the final whistle.