Sydney Central YHA - it's expensive as far as hostels go, but it's better to bite the bullet and reap the benefits (as a warning, you really do get what you pay for). It keeps you within walking distance of Central Station and UTS and has great facilities.
EDIT - I encourage everyone wanting to Hostel it to book their own beds - group bookings are very difficult and is a burden for the group organiser. So please take care of yourselves as best you can. I'm still ready to offer assistance to those who need a hand with bookings.
http://www.hostelworld.com/hosteldetails.php/SydneyCentralYHA-Sydney-20849
You can book beds through this site - booking 4 beds entitles you to a whole room for your group alone, and if you book through this website you only have to pay 10% to secure the beds ~ the rest is payed upon arrival.
EDIT - I encourage everyone wanting to Hostel it to book their own beds - group bookings are very difficult and is a burden for the group organiser. So please take care of yourselves as best you can. I'm still ready to offer assistance to those who need a hand with bookings.
http://www.hostelworld.com/hosteldetails.php/SydneyCentralYHA-Sydney-20849
You can book beds through this site - booking 4 beds entitles you to a whole room for your group alone, and if you book through this website you only have to pay 10% to secure the beds ~ the rest is payed upon arrival.