We stayed in a one bedroom apartment on the 9th floor on our recent visit to Melbourne for the tennis. Even though this hotel is in my opinion in need of a little bit of an update we would definitely stay again.
It had a few drawbacks, ie, the 1980's style television, the living area and the bedroom is a bit smaller than some others I have experienced in my travels, wasnt a fan of the tiny shower with the soap holder that stabbed you every time you turned and although road noise wasn't an issue, i certainly heard the trains... we found it to be non stop and took us about 3 nights before we got used to the noise...
But now the good points!
The staff were fantastic, friendly and helpful, all you could ask. Location is first class...sure its not in the most glamorous part of melbourne but it has fast food across the road as well as Michels Patisserie if you want a cheaper breakfast...
Restaurants/Southbank/Crown are like a 5 minute walk, the DFO on South Wharf is a 10 minute walk, groceries can be bought at the Woolies at the Spencer St station round the corner and if you decide to go to Harbour Town the circle line tram station is right in front.
The bed which was a king size was fantastic and if you chose to cook in your apartment, the kitchen facilities are as good as some houses i have seen, but with so much choice to eat out not sure why you would bother!
So yes, love Melbourne and next time we visit we will most likely stay here again!