I had a look across the political spectrum to get a feel for what each major party's supporters are saying and basically:
ALP (the current government) side - Albanese is handling Australian-China relationships much better than Scomo and this is another win by Labor, hopefully wine to come soon as well
Liberals (the opposition) side - China is doing this so that this same card could be played again in the future and Labor is falling for it. We should diversify our exports to other countries.
It's curious, neither side are pitching this as a straight up victory in trade war, both side of the political spectrum seems to believe the decision was firmly in China's hand and quite a lot of people seem to wish for return to normal trade relations in other areas to follow (wine, tourism, education etc).
I would've thought there would be more chest beating over this. From China perspective this could be United Front "ally with lesser enemy to strike at the main enemy" type deal to cause rift within 5 Eyes, in additional to any pragmatic reasons due to price fluctuation and Ukraine war.