The match was the first of a two-game friendly series between the two nations, with the Socceroos producing a determined performance in front of a packed home crowd.
Irankunda Puts Australia Ahead
Australia took the lead in the 68th minute when Nestory Irankunda produced a spectacular free-kick that left the Brazilian goalkeeper with little chance.
The goal gave the Socceroos a deserved advantage after they had competed strongly against a Brazil side that created several opportunities but struggled to convert them.
Brazil also had a goal ruled out after Estevão found the net, but the effort was disallowed following a foul by Bruno Guimarães.
Rayan Rescues Brazil
Just when Australia appeared set to celebrate one of the biggest results in their recent history, Brazil found an equalizer deep into stoppage time.
In the fifth minute of added time, Bournemouth winger Rayan rose to meet a corner and headed the ball emphatically into the net, leveling the score at 1-1.
The late equalizer denied Australia a famous win but allowed Brazil to avoid defeat after missing several chances throughout the match.
Australia Can Take Confidence From Performance
For Australia manager Tony Popovic and his players, the result will be frustrating after coming so close to defeating one of international football's most decorated teams.
Nevertheless, the Socceroos' performance provided plenty of positives and demonstrated their ability to compete against top-level opposition.
Australia and Brazil will meet again next week in Brisbane for the second match of their friendly double-header, with both teams looking to build on Friday's encounter.
