before coming to my question, I might rattle off a few of these
(note that I live in the U.S., so some of these might not work depending on how you pronounce things)
stereotypical "broad" aussie accent:
"good eye might" = "good day mate"
"rise up lights" = "razor blades"
"my bull fine" = "mobile phone"
"emma chisit" = "how much is it?"
"spice rice" = "space race"
"beer can" (posh british accent) = "bacon"
"PSDS" = "pierced ears"
various uk accents:
"pay soaf" = piss off
"norfolk and chance" = no f***ing chance
"whale oil beef hooked" = well I'll be f***ed
now onto the question...
is there as word to describe this phenomenon? it seems well enough established to warrant some sort of term (buzzfeed has produced a video on this, even) ... except about an hour of searching has turned up nothing other than the individual phrases themselves.
going to submit and probably immediately get some sleep, it's about 3:00 here.