Great place to make home base if you're staying a while in Hobart. It has everything you need to make you feel at home and the bed is SO comfortable. Having a washing machine is extra handy if you're planning a longer stay and the clothes dry in no time in front of the sunny windows.
It's handy if you have your own transport because the buses aren't that convenient, but I walked home from central Hobart on the first day and it's only a half hour walk.
There's some lovely bush walks close by too, if you like your hiking. And My Wellington is a short drive away.