Yeah I certainly wouldn't say it's a ringing endorsement for Labor.
It's made their job easier, that's for sure, but they'd be fools to become complacent and not read the tea leaves.
For example in my electorate of Franklin a NEW Independent, Peter George, got 42% of the 2 candidate preferred votes, on a platform of mainly shutting down the offshore salmon farms that are rooting the environment and spreading chunks of rotting salmon around the local beaches.
Labor has been one-eyed supporting the salmon industry, even though there's only about 26 jobs in it on the west coast from memory. It'd be cheaper to give every employee half a mill to stop working for them than what the government has been spending to prop it up.
If Julie Collins (Labor) doesn't take notice of this and start gently steering Albo away from the salmon industry (remember Plibersek as Environment minister was doing her best to make a balanced decision on this but her review was stopped by legislation rushed through to protect the salmon farmers) - then next election Peter George may take more of a voting share, or even the seat.
It's exactly the same problem as beset the Libs and look what happened to them. Those Teal independents won, and in general have retained the previously blue-chip LNP seats, exactly because they didn't listen to the electorate's concerns about the environment and still aren't.