This place is VERY well located. Just 2 minutes walk to the beach, in 1 minute walking distance you find: the local hip breakfast place, landry, small grocery store, liquor store and the bus to circular quay. The host is super friendly and helpful. The only downside I can think of is that there are very few parking spaces on that street. If you are staying a bit longer the host might be able to help you though - she certainly helped us.
Great and authentic Bondi experience.