Just next to the University of Queensland, no traffic jams here. The bus station is downstairs, and you can catch a shuttle to the school. To get to the UQ bridge, you'll need the bus, but if you have a car, there's parking available.
There's a bus stop right downstairs, and for meals, you can head to the nearby restaurants. If you prefer cooking, there's a small kitchenette available. The room isn't spacious, but it's cozy.