Peter's place is very convenient to the melbourne train system and public transport. The view from the balcony is great to watch the changing weather.
A lot of the apartments in the building are being run as short stay /airbnbs, so the wait for the lifts can be very long at peak times. Expect "10 minutes" from Peter's place to your tram/train journey at the worst times.
Other people in other apartments do smoke on their balcony, so it is disappointing that you have to run the air-con just to get a smoke-free sleep.