it's shit. dont do it unless you want to get ripped off around 100-300$ a week being overcharged in rent, and in exchange getting a tiny shoebox apartment with crap internet. You could probably get a much bigger place with the same amount of money which isnt a crampy tight little place, only chances are its "not near uni".
wollongong uni is a big disgrace in terms of how much they care more about grabbing money off the rich kids overcharging for everything rather than make it easier for students and like not rip us off.
just visit a real estate or board with somebody whos not an overcontrolling selfish or greedy asshole. best advice i can give.