Elizabeth's place has a homey feel and is, despite being close to King's Cross, in a safe and quiet area. You wake up with the whistling of the birds.
The location is great - there is a supermarket close by, you can walk to the city centre, botanic gardens, etc. or take the train from King's Cross station.
For me personally, I missed a vacuum cleaner and also a TV - although I knew about this beforehand as it this is stated in the advert. Also the bin area in the middle of the area attracts many animals, so it isn't always the cleanliest.
But overall, I would recommend Elizabeth's place; it is a great starting point if you want to explore Sydney and feel home away from home!