Very nice place if you want to walk around Prahran neighborhood. Close to restaurants, pubs and a lot of entertainment. You have a 10 min walk to Prahran market which is a a highly recommended experience to buy food.
Also is near to both Windsor and Prahran train station where you can go south or to the CBD easily.
In our case we visited Melbourne mainly because of the Australian Open. The first day we walk about 45 minutes to Yarra River... then we had the option to take the train in Richmond station to come back home at the same Olympic Park...amazing experience. I recommend Luke’s apartment