A great little hostel in a fantastic location. It's definitely small, but this can be seen as a good thing. Mostly used by seasoned young travellers (I'd suggest avoiding the 16-bed dorms if you don't fall into this category). Kitchen facilities are more than adequate (remember to label your food) and the rooms have lockers (bring a padlock). There are a few communal areas with TVs etc and the bathrooms are much cleaner in the mornings (shower before brekky!)

Approximate cost: $25-$30 for a dorm, more for private rooms