We stayed here over the Easter break with 3 families including 4 kids under 5 in total. The location was great, on a quiet street but minutes away from the beach and shops. The house itself was good - big rooms, extra blankets and heaters (although we didn't end up needing them!) and big kitchen and lounge/family area for all of us to hang out. Basic cooking stuff, but shops were nearby when needed.
Having a washer and dryer was handy for the days after the beach and hikes to the nearby Otway walks (The Redwoods are a beautiful place to go with the kids)
There is a tree house and rope swing outside too and some games/books inside that kept the littlies occupied, and card games for us adults. We loved being able to chill and hang out after sightseeing.
Judith was prompt in her replies and we enjoyed our stay.