As the name suggests this is not really a hotel, but student accommodation, that said the rooms were very good with ensuite bathrooms, microwave, fridge, kettle, tea and coffee and flat screen TVs. The rooms are very modern, clean and comfortable. The only downside was the noise, our room was opposite the common room and it was noisy up to about 11.30, also the walls were very thin and you could hear next door.
It has a central kitchen so you can prepare your own meals if you like, some people are not great at cleaning up after themselves, but generally it was clean.
It's not too far into Sydney, the nearest train station is Burwood which is about 10 min walk through a vibrant shopping and eating area, there is also a good size shopping centre there with supermarkets and a big food court.
For about £40 per night you could do a lot worse in Sydney believe me!