Do you come from Holanda

The story:

I come from the Netherlands (Holanda in Spanish) and was travelling through Australia in the early nineties. When this song came on I got into a debate with some Australians about the lyrices. I was passionate in defending what I thought I heard, that the song was about my home country. Not until the Australians pointed out the line about the vegemite sandwich and some other obvious Australian items, I was convinced and forced to surrender...