As this appears to be a fairly new Airbnb listing with not many reviews, I thought I'd add some comments to help anyone else planning on staying here. We stayed (6 adults + 4 kids + baby) for 5 days over an Easter weekend.
In short - this is a really fantastic holiday house and you should absolutely stay here. Since the photos have been taken, some of the furnishings have been updated. On the deck, there is a full outdoor lounge & a few armchairs/cushions out on the deck, as well as a very large dining table with 8 comfy dining chairs.
Inside, there is a single large corner/chaise lounge on the upper floor which is very comfy and can seat up to 6, as well as a comfy armchair & ottoman. There is also a very large family sized dining table & 10 chairs. Downstairs, there is a single large sofa in the second living area. The pool area has good privacy and also has a dining table/chairs and a separate lounge & armchairs under the bali hut.
What we liked most about this place was how comfortable and well stocked everything was. The kitchen was well supplied for a large family (even had very sharp knives), plenty of crockery and utensils, a pod coffee machine, wine glasses etc. The house is really quite luxurious and well appointed, and had a selection of books, games, darts, a snooker/pool table, good internet (including netflix & a chromecast), bose sounddock stereo, a playstation 4 & games, pool inflatables & toys etc. Bedrooms were good sizes, with comfy beds and plenty of pillows/blankets for all.
The place was clean & tidy and well organised. It is run (along with several other properties) by an agent, who was very helpful & responsive but given they are also managing many other places won't have the specific knowledge about the house details you might get from the owner.
Location-wise, it's an easy 10 to 15 min walk down to the main Rye shopping strip and front beach.
The only downsides for us were that the bbq was a touch on the small side for a bigger family, and that the open plan design with polished concrete floors (and wooden floorboards) means it's quite noisy with kids running around. Finally, given the pool is solar heated, it was only just on the right side of too cold for us at the end of a Melbourne summer.