For me, just having a $7,000 bike parked on the street would be too stressful even if it didn't get stolen. I've had bikes stolen in Australia and there is basically nothing you can do about it. The thieves have hoodies, masks, and battery powered grinders that will cut any lock.

The only defense is storing your bike inside. And then you get karens on the owners corp whinging that you aren't allowed to take bikes inside. Who also don't give two shits when your bike gets stolen from the basement bike storage.

I felt this way until I bought full coverage bike insurance.

For my $250 deductible I basically just get a nice upgrade to the latest version / a brand new ebike for ~$200 / year.

The peace of mind alone with insurance (and a really nice lock) have fully mitigated this for me. I've been leaving my ~$2k ebike locked up all over San Francisco for ~3 years without it being stolen. (My first beater bike was a POS locked up in my apartments secure bike storage and it was stolen after I owned it for ~9 days so I figured I couldn't double down on the bad luck).