I booked Russell's apartment for a couple of relatives visiting Hobart, fresh after finishing the three capes walk.
They were very impressed with the setup and really enjoyed their stay.
The spot is outside walking distance to the City / main tourist hub -- there is a regular bus route, but between the two of them it was about the same to take a quick taxi.
Highlights of the stay included exploring the Ferntree area on foot, followed by lunch at a local South Hobart cafe, neither of which would have happened had they stayed in the CBD.
Highly recommended overall!