In general, the studio is a great place for a stay in Melbourne. The studio is clean and had all the amenities similar to a hotel room, plus an available washer and dryer. The studio is right by two tram lines and is easy to transfer to other major lines.
Even though the kitchenette is well-stocked, there is no kitchen sink to be able to wash dishes. My studio also had no chair to eat any meals. So I wouldn't recommend the studio if you're planning to cook more than microwaving takeout.
That being said, the studio is right by Prahran Food Market and a bunch of other great restaurants nearby. (I happened to have fallen sick so I was more inclined to rest in the studio and eat in the studio.)