Name Australasia Type Region Usage English Pronounced Pron. /ɒs.tɹəl.ˈeɪ.ʒə/, /ɒstɹl.ˈeɪ.ʒə/ Edit Status Status3. usages AND description are verified Meaning & History Means "south of Asia" from Latin australis meaning "southern" combined with Asia. This is the name of a region in Oceania consisting of Australia, New Zealand, and other neighbouring islands.