Had stayed the previous night at another hotel, but could only get one night/literally "everything" was booked in Melbourne for some reason on this night. So I took a chance here, worried by some prior reviews but was pleasantly surprised! I had a private room with shared bathrooms, but another part of the building is apparently more hostel-like with shared rooms. The floor I was on was very quiet. The shared bathrooms for private rooms are actually single bathrooms that lock, with sink/toilet/shower, so it's "private" while you're using it, just that you have to go out into the hallway to find one (there are several per floor, never a problem while I was there) and others use it in between - seemed clean though. The rooms are absolutely TINY - but new, modern and spotless. There is a single bed, desk, chair, small closet, wall TV, clock radio, a/c, and mirror all in a tiny compact space with an opening window - really all a single traveler needs, and very well designed Euro-compact style, I was quite impressed at the "functionality" in such a small space. There is free Wifi at McDonalds not far. The visitor info book in the room was well done, best (only?) I'd seen in Aus hotels. For a short stay where you're not spending too much time in your room, this place is a really decent alternative for a decent price.
One improvement would be to make the bathrooms separate male and female... there are enough of them per floor to do this, and as a female using a shared bathroom I would be more comfortable showering etc in a shower used only by other women. Also the hand driers in the bathrooms are very loud - and on the walls right next to the rooms - so this can get annoying at night if you are in a room next to a bathroom and someone uses the drier.