We recently stayed at a house near the Rocks in Sydney, and while it was convenient, the place was a bit tight for our family of eight. There was only one bathroom, which made things a bit challenging, and the fold-out bed in the living room took up a lot of space. The house itself is a bit old and could use some remodeling. (The host does warn that "This is a historical and old terrace.")
On the plus side, the house has a nice porch and balcony that we were able to enjoy during the warmer weather. Overall, the location was great, but the house itself could use some updating.