Sydney does get the storms. On 19 February 2024 roughly 75,000 lightning strikes were recorded within 100 kilometres of the CBD in the three hours between 11am and 2pm. Days like that take out equipment across whole suburbs, and they are the reason most people go looking for surge protection in the first place.
A nearby strike is not what most damaged equipment has actually met, though. Industry figures put roughly two thirds of the transients on a network as having been generated inside the building itself, by load switching rather than by weather. Every time a motor stops, a compressor cuts out, a large inductive load is switched or the utility clears a fault up the street, a collapsing magnetic field pushes a short, sharp voltage spike back onto the wiring.
Individually these are small. None of them kills a television on the day. What they do instead is wear things down, so switch-mode power supplies, LED drivers and control boards age faster than they should and something eventually fails for no visible reason, months or years after the damage started. That is why appliances in one house seem to die young while an identical house down the road is fine.
It also changes who needs protection. If surges were only a storm problem you could reasonably decide your risk was low. Because most of them are made at home, exposure is a function of what is plugged in, and modern houses are full of electronics that did not exist when their switchboards were built.