We had a great stay here - the place was very cozy and provided us with everything we needed for a great price.
The only issue we had was with parking - be aware that although there is 'free street parking' nearby it's generally just for 2 or 4 hours. You can leave it overnight as there are no restrictions then, but from 8am-5pm it could be a problem. Considering that driving in the Melbourne CBD is a nightmare (it's ridiculously expensive to park anywhere and traffic is brutal too) we wanted to leave our car there all day and I had to drive in circles multiple times to find a spot. I ended up having to leave my car parked in a 4 hour zone just hoping I didn't get a ticket (luckily, I did not).
For those who don't have a car or are planning on driving into the CBD (or wherever they happen to be going) during the day I would still highly recommend it as the place itself was lovely and the hosts were super helpful with everything (they were apologetic about the parking and are working on getting a permit, so if/when they get that I would recommend it for those wanting to leave their car too).