hi engta, yeah, it will be more convenient to stay near uni but its also not very good as its too close to school. if you know what i mean, as a student i dont really wan to be seeing the school that often. hahaha. but in all seriousness, it's also because most of my friends are living in the city as well. So its much better to be in the city for me than to be in caulfield or malvern.
but you are right in some ways as well because it is a pain in the A to drive or take the public transport to/from school during peak hours.