Something like 85% of the population lives within 50km of the coastline.
Another aspect is we quite simply have an inflated market, driven by foreign investment, speculators, government policies and incentives that help investors at the expense of home buyers. We also have thousands of citizens with outsized investments in real estate, and the government is doing everything it can to make sure that house of cards doesn't topple down and cause a recession.
One of our last government's policies to "Help ease house prices" was to give grants to corporate investors, so that they could buy up land and rent it back to people. That's the kind of policy making we have here at the moment
Install some solar panels, and use it to crack water, to make hydrogen, and convert it to ammonia. Australia can power the next fuel cell revolution.
They recently started putting together an interstate connector to other states, which allows the state to export excess power from renewables. In part to help offset grid reductions as NSW brings some of it's fossil fuel plants offline. They already have had some 100% renewable days, but plan to be 100% renewable by 2030.
Another quirk of SA's energy history was Elon Musk offering to help solve grid costly instability with a battery solution within 100 days or it was free. Odd tactic, but it happened and they have a 100MW battery reserve in Hornsdale that is set to expand to 150MW.
I'm not sure efficiency matters that much when you have far more energy production capacity than you need but it's concentrated in places and times where you can't use it.
As for costing more: compared to what ? Batteries don't seem like an economically effective option for storing solar energy at massive scale, do they ? And in any case they don't allow the stored energy to be shipped to other locations.
Out of the 8 zones, zones 3 and 4 don't seem to inhabitable, they're probably the "outback" aka desert. 1 seems to be the subtropical jungle bits. They're huge, however doing a silly size comparison with Romania, which has around 20 million people ( https://thetruesize.com/#?borders=1~!NzkwMTU3Mg.NDI0MDg2OQ*M... ), it seems that even considering just the temperate zones, Australian population density is low.
I guess it's more an issue of bad urban planning because of economic pressures. Everyone bunches up in the same centers of population, which cover a very small area, in relative terms.