Well you got a lot of different opinions on this topic, which is what you wanted.
Make a decision and stick to it. Don't sit on the sidelines umming and arghing about this. Otherwise 30 years will go past and you'll have nothing. That's my underlying advice.
As it is your 1st IP and you live in Sydney I would go for Sydney rather than Queensland.
I am assuming you have a better idea of the Sydney market and suburbs compared to Queensland.
Yes it is a good idea to buy in different locations however as it is your 1st IP go for what you know and...