We loved our stay in the fantastic, modern apartment. Location was so central and we walked pretty much everywhere and no problem if you don't feel like walking, the tram stops right outside. It can be quite noisy at times with the trams being so close but I think that you have to expect some noise like that when you stay in a big city.
The apartment was clean and modern but felt super spacious. We had our 18 month old with us and the place was very toddler friendly and we very kindly had a port a cot provided for us.
I would highly recommend this apartment for anyone spending time in Melbourne.