Correct spelling for the English word "pozzy" is [pˈɒzi], [pˈɒzi], [p_ˈɒ_z_i] (IPA phonetic alphabet).
The word "pozzy" is a slang term of Australian origin that is believed to come from the word "position". Its etymology can be traced back to the late 19th century when it first emerged in Australian English. The term was originally used in the context of sporting events, particularly Australian Rules football, to refer to a favorable or advantageous position on the field.
Over time, "pozzy" began to be used more broadly to describe any situation where someone was in a fortunate or advantageous position. It gradually entered colloquial language and became a slang term used in everyday conversations in Australia.