We stayed at Three Bears #1 for a week over Christmas, mainly for the mountain biking. It really was just perfect for us. The house is clean and tastefully decorated, but not to a point where it doesn't feel like home. The beds and bed linen are heavenly! We didn't want for anything, it's very well equipped. It's a five minute walk to the chairlift, we're not hikers but thought whilst there it would be rude not to hike to the summit of Kosciusko. The DH mountain biking is fab, we rode the Flow trail and All Mountain Trail. Make sure you've got sunscreen, the sun, added to the wind at the top of the mountain, can catch you out, as it did me! Perhaps cover up on the summit hike. All in all we had a rad time.