Pros: prime location, steps away from the beach and tram stop, big and clean kitchen, huge common area, heater in the dorm was a big plus.
Cons: very quiet, lacks the typical youth hostel atmosphere, lots of 40+ people staying. It would be nice to have more toilets on the ground floor. People staying long-term in dorms not willing to socialise with other guests (a common issue in YHA hostels in Australia), but I understand this is not the hostel's fault.