Now, I would like to say: I have a knack for these types of things. I think that there is a heavy connection from Hyrule to a real world country. My guess is Albania considering the weapon styles (the hero's sword in WW, for example, looks like a Gladius which was an Ancient Roman sword used by Legionaries on foot. Where this ties to Albania: Albania was under Italy 1939-1943. Which, also brings up the topic of Albania's flag looking like the Hyrulean flag (minus the Triforce). The look of the flag, then, ALSO brings up the subject of when the events of each game take place in our years. But, I will leave that to you to look into.
I would like for all of you to note that: I am French and Italian And often I find myself speaking with an accent that I have noted to sound nothing like any French OR Italian accent. But, what about AND?
This is all,I do say, educated speculation. But, my speculation brings up some amazingly interesting story points. (Also, a tiny side note: if I my paragraph started to not make sense, tell me. I don't mean to not make sense. But very often, I get really into writing my argument that I only focus on typing and pumping all the ideas out and I forget some parts of sentences. I like it when people help me correct my mistakes. I mean it).
This is a taste of my thoughts of Zelda being REALLY close to entering our world. I will leave this subject here. I will come back to this. But, for now let's give this "prospiracy" (see what I did there?) here and go onto where would you expect to find Hyrule on the map (or New Hyrule)?. I think New Hyrule would be some odd 300 miles southeast of Australia. 'How?' You may ask. Simple. It's upside down. Think about it. Really. Just think. It's cold in the northwest quadrant. There's volcanic activity in north east quadrant. It's all grasslands (like New Zealand...). Also it's all ocean and islands in the southwest. but the most important detail... Is "Chancellor" Cole. Chancellor. Chancellor. Funny isn't it. It's like a politician... In AUSTRAILIA?!. (Leaving it here, folks. Hope I didn't sound too stupid)