Great location!
Bus stop right outside and close to the city and other modes of transport. Walking distance to fireworks for NYE. Parking is a challenge if you have a car so make preparations in advance.
The terrace was comfortable for a short stay and suited our family's needs. Just a few small improvements - the toaster was not working, we had to get batteries for remote controls and we needed to give the kitchen, some of the utensils, and the terrace a clean-over.
All easily fixed. Otherwise a perfect location for a Sydney city experience and good value for money.