Generally speaking, it should not influence your game experience.
95% of the Albion Online players have a ping below 150, according to the developers of the game.
Players from Australia might suffer from the worldwide highest pings but the game should be still playable for
them.
Also, your in-game experience depends on lots of other factors. Besides your location, your own internet
connection and your gaming hardware matters a lot as well.
If you want to find out if you can enjoy the game, you should simply try it out. It's free to play after all.