I feel like you need to complete this thought. Australia has an independent judiciary, and look what they did to tech privacy. So I'm not seeing how it follows that an absolute monarchy is a hindrance.
This is very specious reasoning. At least in Australia if you have a legal problem there is a full court system set up that can help you – Liechstenstein is basically just a state owned by a single man attached to a bank (LGT) owned by the same man.
Australia's "full court system" completely failed to stop "Telecommunications and Other Legislation Amendment (Assistance and Access) Act 2018", where by people can be compelled to install security backdoors at the behest of law enforcement.
It looks like Prince Hans-Adams is much more able to protect peoples civil liberties than Australias westminster system.
It's a country where if the Prince decides he doesn't like you, well, he can bring the entire administrative arm of the state down upon you. It's basically a European version of the UAE – not a great place to be.
They had a popular vote to decide if the prince could overrule the democratic government, and the people voted that they prince could. seems to work for them, they hare rich and happy