I was in Iceland about 2 year ago in early August - it was an amazing experience, I had never seen a landscape like it , and you are right every hour of the day is filled with photographic opportunities - can't wait until I can get back there (maybe in their winter next time) but it's a long long way from Australia
Yes it is a trully stunning country, so rich with nature. I like diversity you get there, so I am sure my second experience will be amazing as well...
I have to admit that you are a bit unlucky of being that far from Iceland, but you have some other destinations closer and that is the way how the World works :)
Thanks for stopping by and take care!