Looyee's place is great value for the central location you're getting. You're at the edge of the CBD so it's not noisy, but you have access to two tram lines and a major train station for when you want to go in and out of the city and suburbs.
It's important to note though that, at capacity, you will be sharing this 2-bedroom apartment with 4 other girls - your fellow Airbnb guest in your shared room, and then three other girls in the other room. It's not an issue if you're going to be out and about, but this can obviously space around the house / connecting to the wifi / queue to use the bathroom and such.
Other than that, though, they keep the place clean and they have strict rules to make sure everything is orderly. You'll have nothing to worry about since they're experienced Airbnb hosts!
Hot tip: If you're coming from the airport and taking the Skybus to Southern Cross, you can take the FREE Skybus Link and it will drop you off on A'Beckett, just a block away from Looyee's place. From there, it's a very short walk - huge help if you have luggage with you!