Bluey is an excellent show and one that I'm glad my daughter enjoys. As a parent, I can tell it is educational, humorous, and real. When I say real, I mean that the parents in the show have flaws. It shows kids what they are more likely to see in real life, rather than this idealized nonsense a lot of kid shows portrays.
Not to say that Bluey's parents are bad, because that's far from the truth, but they make mistakes and learn along with Bluey and the rest of the kids. And as a parent, if you watch the show with your kids, you could maybe even learn something along the way as well.