Surprisingly, there are studios with balconies in Sydney, within walking distance to the University of Sydney.

Wow~ This studio layout is like a disguise of a 1b! Take a look at this, the room area is super spacious, does it amaze you? It comes fully furnished with all the appliances you need! And the kitchen is a paradise for cooking enthusiasts, equipped with a gas stove, oven, microwave - everything you can think of, and a full-size refrigerator that's absolutely fantastic! What really excites me is its fantastic location! It's just an 8-minute walk to the University of Sydney, and if you're studying at the University of Technology Sydney, it's just a 10-minute bus ride away!