We loved staying at this charming home. The street was nice and quiet, with some space between the neighbours, so we didn't have to feel bad about our 4yo son being too noisy.
The location was excellent. A short walk to Port Fairy's main strip which had many good shops and eateries (see below). The beach was a 2-minute drive or 15 minute walk (according to Google maps - we didn't walk as it's a bit far for a littley). The eastern beach is very nice - family friendly, lots of room, and some surf if you like to boogie board.
As for the home itself, the back yard is huge with lots of room to move, and some fruit trees. The house is compact (not tiny) and had most modern conveniences such as dishwasher, gas cooktop, washing machine and drier. There were a few minor things we felt could be improved for guests, such as the bedrooms being very bright in the morning. These rooms would greatly benefit from some form of blockout blinds so that kids and adults could sleep a little longer in the mornings. There were also no bedside lamps in any of the bedrooms, which meant we had to buy a reading light from the local shops. Also the toilet was loose in its setting. These were very minor annoyances in the scheme of things, but can be easily remedied. We have alerted Jamie so it's more than likely these minor issues will be fixed for future guests.
If you're wondering about local places to eat - we tried all the restaurants in walking distance. The Thai restaurant (Lemongrass?) at the end of the street was a standout - better than most Thai places we've eaten at in the city. The seafood place next door to that (Blakes) was top quality but very pricey ($170 for a meal for two - and it's not like we over-ordered.) The other dinner places nearby (e.g. the new Mexican place and seafood place next door) were okay but nothing to write home about. There's an upmarket cafe round the corner called Bank St & Co which was great - just as good as anything you'd find in Fitzroy or South Yarra, but very busy with long wait times during peak times. Not quite walking distance but a short drive is Poco Ice Cream, which is a must try, with queues going round the block on hot days but totally worth it for their delicious house-made ice cream.