Australia has regained the Constellation Cup with a 52-47 win over New Zealand at Rod Laver Arena on Monday night.

The win means the Diamonds win the series 3-1 over the Silver Ferns, reclaiming the cup for a third time.

Caitlin Bassett starred for Australia with 40 goals from 44 attempts.

Leading 12-10 at the first change, Australia moved to a 26-20 half-time lead, before powering to a 10-point advantage at three-quarter time with the score at 41-31.

New Zealand managed to claw its way back to a three-point deficit with just over five minutes remaining, but Bassett stopped the rot with two goals as New Zealand's leading scorer Maria Tutaia went cold late on.

Bassett's golden touch helped the Diamonds to hold on for a five point win, with her goal tally matching the 40 she got in Adelaide

"I'm really stoked we finished with the score we did. We pushed it hard to the end so I'm really happy with result," Bassett told Grandstand.

Sorry, this video has expired Diamonds coach discusses Australia's win over NZ

"It did start to unravel but I never really lost faith. We've got some fantastic feeders out there. Credit to Natalie [Medhurst] who kept making strong drives in attack.

"When it comes to the Kiwis, we always like to go close to the wire. We were prepared, but we're happy with how we finished.

"We knew they were going to throw everything at us tonight, obviously with the series on the line. Having Cathrine Latu in the circle was a challenge ... but our defenders did a fantastic job.

"Our combinations have grown in this Aussie group and I'm starting to feel comfortable in that goal circle."

Medhurst shot Australia's other 12 goals while dishing out 11 assists. Wing attack Kimberlee Green and centre Kimberley Ravaillion both notched 10 assists.

Tutaia ended the match with 26 goals from 32 attempts, while goal shooter Latu shot 21 from 25.