We found this to be a very good location. It was very close to Central Station and excellent cafes and coffee shops nearby. It was a quick walk to the restaurants along Crown Street. There is a gym just around the corner that we could use cheaply. We could easily walk into the city when chose to do so. Uber fares were about $17 to Circular Quay.
It was a very clean and comfortable apartment, especially the bed. We stayed for a week and appreciated the use of a washer and dryer.
The only point to note is that there is a small place of worship across the road and, for me as a light sleeper, you might hear the worshipper's cars arrive and leave from around 5 am.