Jacob's place is great. We stayed there for 2 weeks upon our arrival in Australia.
It is ideally located to enjoy Prahran (Prahran market, Chapel St... Within short walking distance) and the rest of Melbourne with public transports (train station 5 min away + tram in front of the building).
The place in itself is agreeable, well furnished, comfy. We spent a lot of time in the apartment in the first days to get over our jetlag.
And finally Jacob was a great host, he responded to our messages quickly and gave us some addresses.
Do not hesitate !