I have just realized a very annoying thing: the "Austr-" in "Austria" means East, from German Öster. The "Austr-" in "Australia", on the other hand, means South, from Latin Australis.

Thank you, have a nice day.

@pulkomandy adding more detail for whoever might be interested:

(https://en.m.wiktionary.org/wiki/Austria#Etymology)

Austria - Wiktionary, the free dictionary