I know of people who are very active in the Cairns and Far North Qld area, reports are that there is not so much interest now and its getting more difficult to get a tennant quickly into the property.
Scan the online Real Estate sites, keeping an eye on how long rental properties are staying advertised for, and ensure that the agent you are enquiring through doesn’t have an issue with “cashed up Southerners”, some are not happy with them buying up there.