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Best Area for Accomodation

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Hi, I would be relocating to Australia in May. This is the first time i would be travelling to Australia. Would like to know if Kirribilli would be an ideal place to stay...Was lookin at the Mclaren hotel at 25 McLaren Street... However was open to stayin at Mercure at 818-820 George Street since it is cheaper. Can you please suggest if North Sydney is a better place to live in than South Sydney. This would be for a short period till I find some accomodation on a long term basis

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