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 Wouldn't be surprised if there's a common root in Proto-Indo-European
@timbray @pulkomandy In Latvian (considered to be an “archived” language with a lot of old structures) east is “austrumi”, to rise is “aust”.
No clue what exactly to make of it in this context :)