I spent a night there last month and was shocked. I've stayed in some average hostels before, but this is by far the worst.
The rooms were filthy, the television didn't work, the bunks are rusty and the ladder was attached with string(no joke), and the toilet and shower were both leaking. Which meant I had to use the lobby toilet.
The lobby toilet had no toilet paper or hand soap and the handles had fallen off the taps.
The place looks like it hasn't been maintained since it opened. Well, apart from the dodgy-brothers plastering work, that is. And $3 for a can of Coke? The place is a shambles.