All of this. So many people are holding up AUS and NZ as the way the rest of the world should have handled it. But as you correctly say, they're two isolated countries on the bottom of the planet, no land borders, no ferry traffic from neighbouring countries, low population density, and also largely self sufficient.
Stopping people entering and leaving AUS/NZ is trivial versus Europe or the USA. Shut down your borders for months and you've solved the problem. Do that in the USA or Europe, and you'll have empty shelves and chaos.