Tbh (speaking from Australia) we just need to get our vaccination rates up massively and our quarantine system to a point where people could come and go more freely (while still quarantining for 10-14 days) if vaccinated. At the moment I think there is enough chance that variants will soon escape vaccinations that I would put up with quarantine being a permanent thing providing it didn't cost much (maybe home detention anklets or something) and the capacity was huge. It is really awful that there are still people who can't get home
We live fairly normal lives mainly free of fear. It is hard to put a price on that. I am in no rush to start bombing off around the world again- I would just like the opportunity to see my family in the UK every so often. Otherwise we can be fairly self sufficient. We can have everything from ski holidays to tropical beach holidays without leaving Australia. Its not ideal but its not exactly a hardship. Our economy is doing beautifully and life is easy.
NSW is not "letting it rip" It is trying to get down to zero again because none of the other states will open up until they do. We have a hugely vulnerable population in the Northern Territory particularly that NO one will risk.
I think it is probably hard from the UK to understand how strictly we control it here (which in return means most of the time we can have very relaxed restrictions) They literally put a town into lockdown for 2 days because someone who was in the airport there for a few hours developed covid a few days later. No messing around.