As I continue through the State Library of Victoria collection, here is the next unclassifiable.
www.slv.vic.gov.au/pictures/gid/slv-pic-aaa09699
I have a feeling that I have seen it elsewhere.
The terrain is Sydney.  After consulting Andrews 'Ferries of Sydney': it just has to be PS Bunya Bunya or PS Waratah (2).

I was cruising at Port Stephens on Sunday (the Nelson Bay - Tea Gardens public ferry); we passed the hulk of the large former Manly ferry PS Brighton.

I have an answer back from a Sydney expert: he nominates Lavender Bay, looking across Walsh Bay, to the western part of the city.
The photo predates Sydney Harbour Bridge, but the bridge site would be left of frame.

Regards,
Roderick B Smith
Rail News Victoria Editor