OK for a short-stay of a couple of days but there are better and more affordable options nearby.
The location is great and the studio is very compact and efficient.
The pictures included in the listing make the studio appear much cleaner and well maintained than it is in reality.
The blinds were broken during my stay and couldn't be drawn up and so I was unable to access the balcony area for the entirety of my stay. There was also some leaking through the ceiling into the kitchen area during heavy rains.
Make sure to let your host know to provide you with extra towels if you staying for more than a couple of days.
Please note that there is no air conditioning and while the Dyson fan is great, it might not be enough for the hot summer nights in Sydney!