This is basically a hotel renting out rooms. There is a front desk during business hours, and the place is well managed, just a bit different than the typical AirBnb in a private home. Shared bathrooms were very clean and room was well equipped (although no hair dryer).
Didn't see an elevator so be prepared to carry luggage up a couple flights of stairs. I think there are floor level units if that is an issue.
Great location in up and coming area a bit outside the city; not walkable to CBD as it might appear on the map, but train station is 5 min or so walk and plenty to do in area. Turned out great for us as friends were in Bondi Beach so this was a bit closer to them via train than staying in CBD.
Overall would recommend if you are looking for affordable accommodation outside CBD.