Michael is a very nice host and responds very quickly to questions and messages. He was very flexible and generous and even offered me to check out when I wanted/late as no other guest was supposed to come. The location is hard to beat - you have everything you need right in front of your door as the apartment is in the middle of the CBD on Elizabeth St.
Unfortunately, this great location comes with a disadvantage too. Because the room is on the first floor above the main street, there is a lot of noise from outside and you may not get much sleep in the night. Moreover, while the cleanliness level is more than acceptable, I must admit that it was probably not the cleanest place I have seen, but I had no issues at all (just to manage expectations for fussy people). Overall, for this price it is good value and one needs to be realistic what to get for such a good offer.