The confusion appears to be coming from the different coordinate systems that matplotlib uses. Here is a link to the (fairly exhaustive) tutorial on the subject: https://matplotlib.org/users/transforms_tutorial.html. I will summarize the key point that affect you directly here.
The coordinates you see on your axes are called the data space or data coordinates. This is basically the xlim and ylim of the plots. Note that these are totally independent for the two plots and are not affected by the size or position of your figure.
When you say sub_axes = plt.axes([0.6,0.6,0.25,0.25]), you are specifying the coordinates in figure space or figure coordinates. This is very similar conceptually to axis space or axis coordinates, except that it applies to the whole figure rather than just an individual set of axes.
In this case, the origin of your sub-axes is at (0.6, 0.6) relative to the bottom left corner of the figure. Where the upper-right corner of the figure is (1, 1). As expected, the sub-axes start just a bit above and to the right of the middle of the figure window.
Similarly, the width is (0.25, 0.25), meaning that the sub-axes are 1/4 the size of your figure in each dimension. This can also be interpreted to mean that the upper right-hand corner of the sub-axes is at (0.85, 0.85) in figure space, which looks about right.
You can do some tests. No matter how you pan or zoom on the main axes, the sub-axes are not affected. However, if you resize your figure, both sets of axes will change size to compensate. The sub-axes should always have the same aspect ratio as the figure itself because of how you sized them.
plt.setp(sub_axes)?