The key to that photo is the word Mosman.
The tram lines turning in the direction that they do
is the only place on the North Sydney system where
the lines turned in that direction only in joining the main
So the picture was taken from Military Rd Mosman
looking down Avenue Rd Mosman toward Mosman Wharf.
Street view on Google maps confirms as on street view
the building at the left appears consistent with what is there
I'll take up Tony Prescott's suggestion and make a comment on the SLV catalogue.