Hot water is the single largest energy use in most Australian homes, which is why the choice matters and why the marketing around it is so loud. What gets skipped is that each type makes a completely different demand on your electrical installation, and two of them can exceed what an ordinary house is connected for.
A storage system takes a modest element and runs it for hours, usually overnight or through the middle of the day, which is easy on the supply and cheap if it is on the right tariff. An instantaneous electric system does the opposite: it heats water only while you are using it, so it needs an enormous amount of power for a few minutes at a time. A heat pump sidesteps the problem entirely by moving heat rather than making it.
So the useful conversation happens before you choose, not after. We check what the existing circuit and the incoming supply can actually carry, tell you which options are genuinely available to your house, and what it would cost to make the others possible.
Then there is the tariff side, which is where most of the running cost is decided and where an electrician is the one who can actually change anything.